Jambo Expands to Solana Blockchain to Democratize Web3 in Emerging Markets
Jambo, the web3 mobile infrastructure focused on bringing emerging markets on-chain, has expanded to the Solana blockchain. The company is partnering with Tether to offer blockchain-enabled financial and educational technologies that cater to emerging markets.
JamboPhone: A Gateway to Web3
Jambo’s flagship product, the JamboPhone, is a $99 web3 smartphone available in over 120 countries. The JamboPhone is targeted towards Gen Z consumers in emerging markets, offering them access to the best digital products and opportunities globally. 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. Users can purchase the JamboPhone with Solana Pay on JamboPhone.xyz.
The Jambo App: Empowering Users
The JamboPhone is equipped with the JamboApp, a comprehensive web3 platform that offers users a range of services including decentralized finance, gaming, and educational content. The JamboApp includes the JamboWallet, a non-custodial multichain wallet that supports Solana tokens and USDT. Jambo is offering rewards in USDT, leveraging its broad acceptance and stability in emerging markets. Users can complete quests sponsored by Jambo and its ecosystem partners, ranging from educational initiatives to promotional tasks, with rewards distributed primarily using SPL USDT.
Partnering with Local Solana Communities
Jambo is engaging with local Superteams to accelerate web3 adoption. Superteams are global communities of web3 builders who are passionate about Solana. They help web3 talent learn, earn, and connect with the Solana ecosystem. These teams, composed of local experts and enthusiasts, will play a pivotal role in educating communities, fostering local development, and driving grassroots initiatives that ensure sustainable growth within the web3 ecosystem.
Why Emerging Markets?
Emerging markets face unique economic challenges that Solana and Tether can address with their blockchain and stablecoin solutions. In emerging markets, the use of USDT (Tether) significantly surpasses that of other stablecoins, with over 34.2 million unique wallets utilizing USDT as of April 2024. This broad user base highlights the widespread trust and adoption of Tether in these regions.
With Jambo’s game-changing smartphone, Solana’s fast transaction processing, low transaction fees, and Tether’s robust and widely-used stablecoin, users now have access to stablecoin and crypto payment rails, alternative banking access, and global earnings opportunities.
Bridging the Digital Divide
Jambo, Solana, and Tether are pioneers in bridging the digital divide, aiming to democratize access to digital financial tools and provide users with earning opportunities in emerging markets. This expansion is a significant step towards achieving financial inclusion and empowering individuals in emerging markets with the tools they need to participate in the global digital economy.
