Jambo expands onto the Solana blockchain through its Web3 smartphone to offer financial and educational tech to emerging markets.
Web3 mobile infrastructure, Jambo, is expanding to the Solana blockchain o offer blockchain-enabled financial and educational technologies for emerging markets.
Central to this is the JamboPhone, an affordable Web3 smartphone that has been powerful in onboarding all types of users on-chain in a mobile-first way. Combined with the Solana blockchain’s high throughput capabilities and Tether’s dominant stablecoin, USDT, access to Web3 financial and educational products will be democratised to those who need them most in Southeast Asia, Africa, and Latin America.
The JamboPhone is targeted towards Gen Z consumers in emerging markets as their portal to the best digital products and opportunities globally. Users can engage with the global economy by utilising the preloaded Jambo Ecosystem applications featuring DeFi, gaming, and Web3 infrastructure applications. The JamboPhone aims to address some of the most challenging issues faced by emerging markets, such as a large unbanked population and limited access to smartphones
The smartphone is equipped with the JamboApp, a comprehensive Web3 platform that offers users a range of services. This includes the JamboWallet, a non-custodial multichain wallet which includes support for Solana tokens and USDT. Jambo will be giving out rewards primarily in USDT, leveraging its broad acceptance and stability in emerging markets.
James Zhang, Co-founder of Jambo, said, “We want to bring emerging markets on-chain. Bringing Jambo to Solana and Tether allows us to provide a comprehensive solution that addresses the unique needs of these regions.”
Paolo Ardoino, CEO of Tether, said, “By providing affordable access to Web3 technologies through the JamboPhone and leveraging the power of the Solana blockchain, Jambo is empowering users in these regions with the tools they need to participate in the global digital economy. The integration of SPL USDT as a reward mechanism further strengthens this initiative, offering users a stable and secure digital asset.”
Stay updated on the crypto space by following our socials below! 👇
