Web3, Ethereum, and Cryptocurrency Overview:
- Jambo, a Web3 mobile infrastructure startup, has expanded to Solana to empower the unbanked in emerging markets.
- Partnership with Tether to offer cryptocurrency and stablecoin payment rails and alternative banking options.
- JamboPhone users can earn rewards in USDT-SPL token through tasks on the Jambo App.
- JamboPhone offers affordability, Solana network provides speed and efficiency, and Tether is a widely adopted stablecoin.
- Overall goal is to increase financial inclusion in emerging markets through the adoption of crypto.
- Jambo announced JamboPhone in February through a partnership with Aptos Foundation.
- JamboPhone positioned as a competitor to Solana’s Saga smartphone.
Jambo’s Expansion to Solana:
Jambo, a Web3 startup, has officially expanded to Solana to empower the unbanked in emerging markets. The partnership with Tether aims to provide cryptocurrency and stablecoin payment options to users, enhancing financial inclusivity. Users of the JamboPhone can earn rewards in USDT-SPL tokens through various tasks on the Jambo App. By leveraging the affordability of the JamboPhone, speed and efficiency of the Solana network, and the widespread adoption of Tether, Jambo aims to create a comprehensive solution for users in Africa, Southeast Asia, and Latin America.
Partnership with Tether:
Through its partnership with Tether, Jambo has integrated USDT-SPL token as the primary reward mechanism on its platform. Users engaging in Jambo initiatives via the Jambo App on JamboPhone can earn rewards in USDT through educational quests and promotional tasks. This collaboration between Jambo, Solana, and Tether aims to provide access to a range of solutions tailored to the unique needs of users in emerging markets, facilitating greater financial inclusion through cryptocurrency and stablecoin payment rails.
