BloomBeans.io, led by Takashi Nakamoto, is introducing a decentralised financial system that aims to replicate 75% of the global financial market, challenging Bitcoin’s model. With a total addressable market of $209.5 trillion, BloomBeans offers innovations like Crypto Financial Assets (CFAs) and a 0% interest loan scheme. An initial $1 million airdrop is planned for DEFI users, with a significant $150 million set for CFA holders. Designed for national adoption, it promises to enhance economic stability distinctly.
In a bold move for the cryptocurrency landscape, BloomBeans.io is rolling out the first decentralised financial system to replace Bitcoin. Based in Lisbon, and spearheaded by Takashi Nakamoto, the new platform, designed by Austrian economists, aims to replicate around 75% of the global financial system through a peer-to-peer network. This new model is purportedly built on principles of savings rather than debt, claiming to be the most honest, secure, and transparent financial system yet—potentially slashing the exorbitant costs tied to the current financial structure.
Unlike Bitcoin, which has a market size of $17 trillion, BloomBeans is eyeing the gigantic financial market, estimated at about $209.5 trillion. This includes substantial sectors like savings accounts ($70 trillion), passive income ($50 trillion), insurance ($8.6 trillion), pensions ($55.7 trillion), and loans ($25.2 trillion). With its reach far beyond Bitcoin, it’s clear BloomBeans is positioning itself to capture a massive share of the financial landscape.
At the core of BloomBeans is its innovative feature called Crypto Financial Assets (CFAs). This allows users to create their own, fully decentralised versions of traditional financial products—like savings accounts, pensions, insurance, and loans. Traditionally, tokenised assets didn’t provide true decentralised ownership; CFAs are touted as a game-changer in offering complete ownership of financial assets directly on the blockchain.
The design of BloomBeans aims to displace parts of existing financial institutions, private and public alike. Central banks are targeted for replacement through a well-structured monetary policy programmed into the system. This establishes predictable interest rates for products yielding BEAN profits. Additionally, CFAs replace conventional banking products, creating substantial competition in this sector, with profit returns distributed in the BLOOM currency.
Speaking of which, wealth generation will be anchored on BEAN currency. The initial supply is set at $1 million with a target hard cap of $21 billion over an extended period. Users can trade CFAs in dedicated peer-to-peer markets where they may also serve as collateral for loans. Additionally, a unique referral system is embedded in BloomBeans that not only generates new BEAN currency but establishes a voluntary tax system, promoting communal contributions to social infrastructure.
Perhaps one of the most striking innovations is the introduction of 0% interest loans, a notable first for any financial system. These loans are set against CFAs and can be repaid at the borrower’s discretion, eliminating the role of intermediaries. The airdrop strategy also makes waves, with BloomBeans set to distribute $1 million in its first round to DEFI users and a staggering $150 million in BEAN currency for CFA holders in a subsequent round.
BloomBeans, which started operations on January 18, 2024, has a well-defined roadmap. March 2025 will see the release of BEAN currency, alongside savings accounts and loans, with more robust features scheduled for release through 2026 and beyond. The vision also covers national adoption, providing countries with essential tools for sustainable development.
In light of potential economic benefits, BloomBeans’ decentralised approach claims to shield developing nations from currency devaluation and foreign financial meddling while bolstering economic sovereignty. It remains to be seen whether this new system will fundamentally reshape the financial sector as we know it. For insights on its broader implications, further reading is encouraged.
Be advised that this release is not an investment solicitation, and the usual due diligence is highly recommended. Consult a financial expert before engaging in cryptocurrency investments or trading practices.
