Boom for

Governments & Central Banks

90% of all transactions in Africa, Latin America and South East Asia are cash based. This means that Governments are losing out of VAT revenue. On Boom, VAT is collected off all transactions

Why is Boom interesting for
Governments and Central Banks?

VAT Revenue Collection

On Boom, all transactions are subject to VAT collection, an important source of revenue for your treasury.

Cashless Economy

By fostering a cashless economy, Boom lowers the costs of minting, printing, transporting and storing cash for Central Banks

Foreign Exchange Reserves

By enabling merchants and foreign corporates to purchase internationally and repatriate their earnings abroad respectively, without needing to deplete the Central Bank reserves, Boom is helping to conserve critical ForEx for Central Banks, especially those in emerging markets.

Central Bank Digital Currency (CBDC)

As a Payment-Interface-Provider, Boom collaborates with multiple financial institutions, including the Bank of International Settlements, the Bank of England, the Central Bank of Nigeria, on how to extend the utility of Central Bank Digital Currencies.

Contact us to discuss integrating your CBDC into the Boom ecosystem.

See how Boom DAO is extending the utility of the eNaira