Jambo, the largest web3 mobile infrastructure connecting emerging nations to the blockchain, said today that it and Tether would be expanding to the Solana blockchain to provide emerging regions with blockchain-enabled banking and educational innovations.

The JamboPhone, a $99 web3 smartphone, is essential to this and has proven effective in onboarding all kinds of consumers in a mobile-first manner. The high throughput capabilities of the Solana blockchain in conjunction with USDT, Tether’s dominant stablecoin, will democratise access to web3 financial and educational products for people in Southeast Asia, Africa, and Latin America who most need them.

Here is the JamboPhone

The JamboPhone, which retails for $99 and is currently available in more than 120 countries, is marketed to Gen Z customers in developing nations as their entryway to the greatest digital goods and opportunities on the planet. The preinstalled Jambo Ecosystem applications, which include web3 infrastructure, gaming, and DeFi, let users to interact with the global economy. Some of the most difficult problems that emerging markets face—like a sizable unbanked population and restricted smartphone access—are the focus of the JamboPhone. On JamboPhone.xyz, users can use SolanaPay to purchase the JamboPhone.

The Jambo App: Giving Users Power

The smartphone is pre-installed with the JamboApp, an extensive web3 platform that caters to emerging market customers and provides a variety of services such decentralised money, gaming, and educational material. One of the components of the JamboApp is the JamboWallet, a non-custodial multichain wallet that supports USDT and Solana tokens.Jambo will mostly award prizes in USDT, taking advantage of the cryptocurrency’s widespread acceptability and stability in developing nations. Through quests supported by Jambo and its ecosystem partners, users will be able to accomplish everything from promotional chores to educational projects. The primary method of awarding prizes is now SPL USDT. This programme, which aims to democratise access to digital financial tools and give people earning opportunities in emerging markets, highlights Jambo, Solana, and Tether’s pioneering role in closing the digital gap.

Making Use of Solana Communities Locally

Jambo will also work with regional Superteams to hasten the adoption of web3. Superteam is an international group of web3 developers who have a strong interest in Solana. Their goal is to facilitate web3 talent’s learning, earning, and integration into the Solana ecosystem. These teams, made up of local specialists and enthusiasts, will be essential in promoting grassroots initiatives, local development, and community education in order to guarantee the web3 ecosystem’s sustained growth.

“In 2017, when I was developing earn.com, our goal was to create a solution that would enable employment to be found anywhere there is a phone. According to Lily Liu, president of the Solana Foundation, Alice, James, and the Jambo team “realised that vision by developing web3 mobile infrastructure bringing financial access to emerging markets.” “Solana provides financial access to almost everybody with an internet connection, whereas Jambó provides a doorway to web3 for almost everyone in the world. Our shared goal is to provide millions of people with access to financial opportunity, self-custody, and educational opportunities.

The Reasons Behind Emerging Markets

With its blockchain and stablecoin solutions, Solana and Tether can help emerging markets overcome the particular economic issues they confront. With over 34.2 million unique wallets using USDT (Tether) as of April 2024, USDT (Tether) is used far more frequently in emerging markets than other stablecoins. This large user base demonstrates how widely Tether is trusted and used in these areas. Along with

Thanks to Jambo’s revolutionary smartphone, Solana’s quick transaction processing, affordable transaction costs, and Tether’s stablecoin, customers may now access alternative banking options, stablecoin and cryptocurrency payment rails, and worldwide earning opportunities.

The goal of Jambo, according to co-founder James Zhang, is to “bring emerging markets on-chain.” “By bringing Jambo to Solana and Tether, we can offer a comprehensive solution that specifically addresses the needs of these areas.”

“Promising environments for financial inclusion are particularly found in emerging markets. Our commitment to forming a better financial future for customers in these places is fueled by their need for tools like USDT, said Paolo Arodino, CEO of Tether.

“Jambo is giving users in these areas the means to take part in the global digital economy by utilising the power of the Solana blockchain and offering affordable access to web3 technologies through the JamboPhone. This programme is strengthened further by the addition of SPL USDT as a reward mechanism, which provides users with a reliable and secure digital asset.

Visit JamboPhone.xyz to get your JamboPhone and find out more about the newest offerings from Jambo on X. Come lead the web3 adoption movement on Telegram by joining the Jambo Community.

Concerning Jambo

Jambo’s goal is to create the largest web3 mobile infrastructure network in order to bring new markets on-chain. The world’s top investors, such as Paradigm, Tiger Global, Pantera, Delphi, and others, support Jambo.

With the JamboPhone, an elite web3 Android smartphone that starts at just $99 packed with the whole of web3 at their fingertips, Jambo is bringing the next billion users to web3. Preinstalled on the phone is the Jambo Ecosystem, which includes wallets, web3 mobile games, payment infrastructure, and more to come.