🌎 Jambo Expands to Solana to Empower Unbanked with Tether Partnership

Jambo, a Web3 mobile infrastructure startup known for the JamboPhone, has officially expanded to Solana to empower the unbanked across emerging markets. The startup has partnered with stablecoin issuer Tether to accelerate this goal.

As part of their collaboration, Jambo, Solana, and Tether will offer several solutions designed to empower JamboPhone users. These include cryptocurrency and stablecoin payment rails, alternative banking, and earning opportunities for people in Africa, Southeast Asia, and Latin America.

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

USDT Rewards

This partnership will allow Jambo to integrate the USDT-SPL token, using the stablecoin as the platform’s primary reward mechanism. Users who engage in Jambo initiatives via the Jambo App on JamboPhone will earn rewards in USDT.

Tasks include educational quests and promotional activities that Jambo and its partners offer through the $99 phone.

Key Features

Jambo aims to leverage key aspects of its phone, Solana’s blockchain, and Tether’s traction. The JamboPhone offers affordability, the Solana network boasts speed and efficiency, while Tether is the world’s largest and most widely adopted stablecoin.

Combining these features with the growing adoption of crypto in emerging markets will enable people in these regions to benefit from greater financial inclusion, according to Jambo.

JamboPhone Launch

Jambo announced its JamboPhone in February this year, following a partnership with Aptos Foundation. The tech startup has positioned this smartphone as a potential rival to Solana’s Saga, which sold out in December 2023 before new pre-orders opened in January 2024.