Jambo Expands to Solana to Accelerate Financial Inclusion in Emerging Markets

Today, Jambo, a prominent web3 mobile infrastructure provider, announced its expansion to the Solana blockchain, partnering with Tether to offer blockchain-based financial and educational solutions tailored for emerging markets. This comprehensive approach seeks to provide users with stablecoin and crypto payment rails, alternative banking access, and global earning opportunities, ultimately driving financial inclusion and empowering individuals in Southeast Asia, Africa, and Latin America.

The integration of Solana's SPL USDT stablecoin is a significant aspect of this expansion, serving as the primary reward mechanism for Jambo's user engagement initiatives. Through the Jambo App on their $99 JamboPhone, users can participate in various quests and tasks sponsored by Jambo and its ecosystem partners, earning rewards primarily in USDT. These activities range from educational initiatives to promotional tasks, providing users in emerging markets with opportunities to earn while learning and engaging with the platform.

"Bringing Jambo to Solana and Tether allows us to provide a comprehensive solution that addresses the unique needs of these regions," said James Zhang, Co-founder of Jambo.

The choice of Solana was driven by its high throughput capabilities and low transaction fees, making it ideal for the microtransactions and frequent interactions typical of Jambo's user base. "Solana enables financial access for nearly anyone with an internet connection," said Lily Liu, President of the Solana Foundation. "Together with Jambo, we are committed to making self-custody, financial opportunity, and educational resources accessible to millions."

To further drive adoption, Jambo will engage local Superteams—a global community of Web3 builders passionate about Solana. These teams, composed of local experts and enthusiasts, will focus on educating communities about the potential of Web3 and blockchain technology, fostering local application and service development.

By combining the JamboPhone's affordability and accessibility, Solana's speed and efficiency, and Tether's widely adopted stablecoin, Jambo aims to address the unique challenges faced by emerging markets. This comprehensive approach seeks to provide users with access to stablecoin and crypto payment rails, alternative banking options, and global earning opportunities, ultimately driving financial inclusion and empowering individuals in these regions.

About Jambo

Jambo is a web3 mobile infrastructure provider focused on onboarding the next billion users to web3. Their $99 JamboPhone is a web3-enabled Android smartphone preloaded with the Jambo Ecosystem, which includes various web3 applications such as mobile games, wallets, and payment infrastructure.