Lagos — Jambo, the Web3 mobile infrastructure provider, has announced its expansion to the Solana blockchain in partnership with Tether. This move aims to deliver blockchain-enabled financial and educational technologies to emerging markets.
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At the heart of this initiative is the JamboPhone, a $99 Web3 smartphone designed to onboard users to the blockchain in a mobile-first manner. Leveraging Solana’s high throughput capabilities and Tether’s stablecoin, USDT, JamboPhone democratizes access to Web3 financial and educational products for users in Southeast Asia, Africa, and Latin America. The JamboPhone is already available in over 120 countries and can be purchased with Solana Pay at JamboPhone.xyz.
Equipped with the JamboApp, this smartphone offers a range of services, including decentralized finance, gaming, and educational content, all tailored for emerging market users. The app features JamboWallet, a non-custodial multichain wallet supporting Solana tokens and USDT. Users can earn rewards in USDT by completing various tasks and educational initiatives.
Leveraging Local Solana Communities
Jambo plans to engage local Superteams, global communities of Web3 builders passionate about Solana, to accelerate Web3 adoption. These teams will educate communities, foster local development, and drive grassroots initiatives to ensure sustainable growth within the Web3 ecosystem.
“Back when I was building earn.com in 2017, our vision was to build a product ‘where there’s a phone, there’s a job.’ Alice, James, and the Jambo team have realized that vision by developing Web3 mobile infrastructure bringing financial access to emerging markets,” said Lily Liu, President of the Solana Foundation.
“Jambo offers a gateway to Web3 that is accessible to nearly anyone in the world, while Solana enables financial access for nearly anyone with an internet connection. Together, we are committed to making self-custody, financial opportunity, and educational resources accessible to millions.”
Lily Liu, President of the Solana Foundation
Addressing Unique Challenges in Emerging Markets
Emerging markets face unique economic challenges that Solana and Tether can address with their blockchain and stablecoin solutions. USDT is already widely adopted in these regions, with over 34.2 million unique wallets utilizing USDT as of April 2024. Jambo’s smartphone, combined with Solana’s fast, low-fee transactions and Tether’s robust stablecoin, provides users with stablecoin and crypto payment rails, alternative banking access, and global earning opportunities.
“We want to bring emerging markets on-chain,” said James Zhang, Co-founder of Jambo. “Partnering with Solana and Tether allows us to provide a comprehensive solution that addresses the unique needs of these regions.”
“Emerging markets stand out as promising grounds for financial inclusion. Their demand for tools like USDT fuels our dedication to shaping a brighter financial future for users in these regions,” said Paolo Arodino, CEO of Tether. “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.”
Learn more about the latest from Jambo on X and purchase your JamboPhone at JamboPhone.xyz.
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About Jambo
Jambo aims to bring emerging markets on-chain by building the largest web3 mobile infrastructure network. Backed by top investors like Paradigm, Tiger Global, Pantera, and Delphi, Jambo is onboarding the next billion users to Web3 with the JamboPhone, a $99 Android smartphone preloaded with web3 games, wallets, payment infrastructure, and more.