Jambo Expands to the Solana Blockchain in Partnership with Tether to Bring Web3 to Emerging Markets

Jambo, the foremost web3 mobile infrastructure provider focused on bringing emerging markets on-chain, has announced its expansion to the Solana blockchain in partnership with Tether.

Web3 mobile infrastructure provider Jambo has announced its expansion to the Solana blockchain in partnership with Tether. This initiative aims to deliver blockchain-enabled financial and educational technologies tailored to the needs of users in Southeast Asia, Africa, and Latin America.

At the heart of Jambo's strategy is the JamboPhone, a $99 web3 smartphone designed to seamlessly onboard a diverse range of users to blockchain technology in a mobile-first manner. By leveraging Solana's high throughput capabilities and Tether's widely accepted stablecoin, Jambo aims to democratize access to web3 financial and educational products for those who stand to benefit the most.

Priced competitively at $99 and already sold in over 120 countries, the JamboPhone targets Gen Z consumers in emerging markets, offering them a portal to global digital products and opportunities. Users can engage with the global economy through preloaded Jambo Ecosystem applications, which include decentralized finance (DeFi), gaming, and other web3 infrastructure applications. The JamboPhone addresses significant challenges in emerging markets, such as a large unbanked population and limited access to affordable smartphones. The device can be purchased with SolanaPay on JamboPhone.xyz.

The JamboPhone is equipped with the JamboApp, a comprehensive web3 platform providing a range of services tailored for emerging market users. These services include decentralized finance, gaming, and educational content. The JamboApp features the JamboWallet, a non-custodial multichain wallet supporting Solana tokens and USDT.

To incentivize usage, Jambo plans to distribute rewards primarily in USDT, capitalizing on its broad acceptance and stability in emerging markets. Users will be able to complete various quests sponsored by Jambo and its ecosystem partners, from educational initiatives to promotional tasks, with rewards distributed in SPL USDT.

To accelerate web3 adoption, Jambo will engage local Superteams, a global community of web3 builders passionate about Solana. These teams aim to help web3 talent learn, earn, and connect with the Solana ecosystem. Composed of local experts and enthusiasts, Superteams will play a crucial role in educating communities, fostering local development, and driving grassroots initiatives to ensure sustainable growth within the web3 ecosystem.

Reflecting on Jambo's progress, Lily Liu, President of the Solana Foundation, noted that the development of web3 mobile infrastructure by the Jambo team aligns with the vision of making financial access available to emerging markets. She emphasized that Jambo offers a gateway to web3 accessible to nearly anyone globally, while Solana enables financial access for those with an internet connection. Both organizations are committed to making self-custody, financial opportunity, and educational resources available to millions.

Emerging markets face unique economic challenges that Solana and Tether aim to address through their blockchain and stablecoin solutions. In these regions, the use of USDT significantly surpasses that of other stablecoins, with over 34.2 million unique wallets utilizing USDT as of April 2024. This widespread trust and adoption of Tether highlight its importance in these areas.

The combination of Jambo's innovative smartphone, Solana's fast transaction processing and low fees, and Tether's robust and widely-used stablecoin provides users with access to stablecoin and crypto payment rails, alternative banking options, and global earning opportunities.

James Zhang, Co-founder of Jambo, expressed the company's intention to bring emerging markets on-chain. By integrating with Solana and Tether, Jambo aims to offer a comprehensive solution that addresses the unique needs of these regions.

Paolo Ardoino, CEO of Tether, pointed out that emerging markets represent promising grounds for financial inclusion. He emphasized that the demand for tools like USDT fuels their dedication to shaping a brighter financial future for users in these regions. By providing affordable access to web3 technologies through the JamboPhone and leveraging Solana's capabilities, Jambo empowers users with the tools needed 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.

Jambo が Tether と協力して Solana ブロックチェーンに拡張したことは、新興市場における経済的および教育的格差を埋めるための重要な一歩を示しています。 Jambo は、手頃な価格の JamboPhone とその包括的な Web3 アプリケーション スイートを通じて、何百万人もの人々が分散型金融、ゲーム、教育コンテンツにアクセスできるようにする予定です。この取り組みは、デジタル金融ツールへのアクセスを民主化し、サービスが行き届いていない地域のユーザーに新たな収益機会を創出するパイオニアとしてのジャンボ、ソラナ、テザーの役割を強調します。

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