Peter Alfred-Adekeye is helping Nigerians conduct International trade with blockchain-backed Boom. It bridges the financial gap for Africans, enabling e-commerce without a bank account.
What is Boom?
Launched six months ago, Boom acts as a “super app” with various features:
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- Boom Marketplace: Buy and sell online without a bank account.
- Boom Wallet: Store and manage Boomcoin (BMC), the ecosystem’s currency.
- Boom Talks: Connect and discuss within the community.
- Boom Hose: Rent or book accommodations using BMC.
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Key Features
- No bank account needed: Boom caters to the nearly 2 billion people globally without bank access.
- Easy transactions: Cash deposits through agents convert to BMC for online purchases.
- Merchant protection: Escrow system ensures buyer satisfaction before merchants receive payment.
- Compliance: KYC/KYB/KYT protocols ensure platform security and regulatory adherence.
Benefits for Nigerians
- Sell globally: Reach international buyers beyond currency limitations.
- Buy internationally: Access goods and services without needing hard currency.
- Financial inclusion: Participate in the digital economy regardless of bank status.
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Expansion Plans
- Boom operates in 10 African countries, including Nigeria, South Africa, and Ethiopia.
- Local liquidity pools enable easier currency exchange within each country.
Quote:
“Boom empowers Nigerians to not only buy but also sell on the internet to the whole world… They don’t need to look for hard currency anymore. That’s a groundbreaking solution…” – Peter Alfred-Adekeye, CEO of Boom
About Boom
Boom, a blockchain-based startup, launched by Peter Alfred-Adekeye is an ecosystem that aims to bring an e-commerce platform to the underserved communities of Africa, allowing them to buy and sell online without a bank account.
Conclusion
Boom uses escrow accounts to protect both buyers and sellers. It also allows for local currency exchange within the platform.
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