Jambo Partners with Solana and Tether to Bring Mobile Blockchain Technology to Emerging Markets

Original source: Jambo

 

Jambo, the world’s largest Web3 mobile infrastructure provider, announced its official entry into Solana and joined hands with Tether to bring customized blockchain financial and education technology solutions to emerging markets.

 

Jambo’s core product, the JamboPhone, a $99 Web3 smartphone, has successfully attracted a variety of user groups to the chain with its mobile-first strategy. With Solana’s high processing power and USDT’s market dominance, Jambo will provide access to a wider range of Web3 financial and education products in regions such as Southeast Asia, Africa, and Latin America, allowing these technologies to benefit those who need them most.

 

About JamboPhone

 

The JamboPhone, priced at only $99, is already sold in more than 120 countries around the world. It is designed for Gen Z consumers in emerging markets as a window for them to explore the world’s top digital products and services. Users can easily integrate into the global economy through the pre-installed Jambo ecosystem applications covering DeFi, games, and Web3 infrastructure. JamboPhone is committed to solving major challenges facing emerging markets, such as large populations lacking banking services and limited access to smartphones. Users can purchase JamboPhone through SolanaPay at JamboPhone.xyz .

 

Jambo App: A New User Empowerment Experience

 

JamboPhone has a built-in one-stop Web3 platform - Jambo App, which provides a variety of services including DeFi, games and educational content, all designed for the needs of users in emerging markets.

 

The Jambo App also has built-in Jambo Wallet, a non-custodial multi-chain wallet that supports Solana tokens and USDT stablecoins. Jambo mainly distributes rewards through USDT. With its wide recognition and stability in emerging markets, users can participate in various tasks provided by Jambo and its ecosystem partners, from educational projects to promotional activities. Rewards are now mainly distributed in the form of SPL USDT. This program highlights the pioneering role of Jambo, Solana and Tether in narrowing the digital divide, committed to making digital financial tools more popular, while creating income opportunities for users in emerging markets.

 

Leveraging the power of the local Solana community

 

Jambo will also work with local Superteams to promote the rapid adoption of Web3 technology. Superteams are a global community of Web3 builders who are passionate about Solana technology and aim to help Web3 talent learn new knowledge, earn income, and connect with the Solana ecosystem. These teams, composed of local experts and passionate supporters, play a vital role in educating the community, promoting local development, and driving grassroots activities for sustainable growth within the Web3 ecosystem.

 

Lily Liu, President of the Solana Foundation, said, "Back in 2017 when I was building earn.com, our dream was to create a product where 'anyone with a mobile phone can have a job.' Alice, James and the Jambo team have made this dream a reality by building Web3 mobile infrastructure and paving the way for financial access in emerging markets. Jambo provides an easily accessible Web3 portal for almost everyone in the world, and Solana enables almost everyone with Internet access to financial services. Together, we are committed to enabling millions of people to easily access self-asset custody, financial opportunities, and educational resources."

 

Why focus on emerging markets

 

Emerging markets have a unique set of economic challenges, and Solana and Tether provide a way to address them with their blockchain and stablecoin solutions. In these markets, USDT usage far exceeds that of other stablecoins, with over 34.2 million unique wallets adopting USDT as of April 2024, a large user base that reflects Tether’s trust and popularity in emerging markets.

 

Jambo’s revolutionary smartphone combines Solana’s fast transaction processing capabilities, low transaction fees, and Tether’s stable and broad user base, giving users access to stablecoin and cryptocurrency payment channels, alternative banking services, and global profit opportunities.

 

"Our goal is to bring emerging markets into the on-chain environment," said James Zhang, co-founder of Jambo. "By combining with Solana and Tether, Jambo is able to provide a comprehensive set of solutions to meet the special needs of these regions."

 

Later, Paolo Arodino, CEO of Tether, also said, "Emerging markets have great potential for financial inclusion, and their demand for tools such as USDT has driven our determination to create a brighter financial future for users in these regions. By providing Web3 technology at a reasonable price through 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 consolidates this plan and provides users with a stable and secure digital asset."

 

To learn more about Jambo at X , visit this website to purchase a JamboPhone. Join the Jambo community and lead Web3 with us on Telegram .

 

About Jambo

Jambo aims to bring emerging markets into the blockchain era by building the world's largest Web3 mobile infrastructure network. Jambo is backed by top global investors including Paradigm, Tiger Global, Pantera, Delphi, and more.

Jambo is using the JamboPhone smartphone to introduce the next billion users to the world of Web3, starting at $99. This phone comes pre-installed with a rich set of Web3 applications, allowing users to easily experience the convenience of Web3. The pre-installed Jambo ecosystem includes Web3 mobile games, digital wallets, payment infrastructure, and more features will be launched in the future.

 

This article comes from a contribution and does not represent the views of BlockBeats