Jambo Partners Solana, Tether To Enhance Web3 Access In Emerging Markets

In a significant move to bridge the digital divide, Jambo has announced a partnership with Solana and Tether, to introduce affordable web3 technologies to mobile users in emerging markets.

Co-founder of Jambo, James Zhang, highlighted the initiative, which centres around the JamboPhone, designed to facilitate stable and secure access to digital assets.

According to Zhang, the partnership aims to equip users with the necessary tools to engage in the global digital economy, addressing the unique needs of various regions. “The smartphone features the JamboApp, a comprehensive web3 platform offering decentralised finance, gaming, and educational resources tailored for emerging market users,” he stated.

The JamboApp includes the JamboWallet, a non-custodial multichain wallet supporting Solana tokens and USDT (Tether). Users can earn rewards primarily in USDT, known for its stability in these markets.
The app encourages participation through quests and tasks sponsored by Jambo and its ecosystem partners, further promoting educational and promotional initiatives.

Paolo Arodino, CEO of Tether, emphasised the potential of emerging markets for financial inclusion. “Their demand for tools like USDT fuels our commitment to shaping a brighter financial future,” he said.
Arodino noted that USDT is widely adopted in these regions, with over 34.2 million unique wallets as of April 2024, reflecting substantial trust in Tether’s stablecoin.

For her part, President of the Solana Foundation, Lily Liu, remarked on the partnership’s significance, saying: “Jambo offers a gateway to web3 accessible to nearly anyone, while Solana ensures financial access for anyone with an internet connection.” She highlighted the commitment to making financial opportunities and educational resources available to millions.

To further accelerate web3 adoption, Jambo plans to collaborate with local Superteams communities of web3 builders passionate about Solana. The teams will focus on educating local populations and fostering grassroots initiatives to ensure sustainable growth within the web3 ecosystem. This partnership marks a pivotal step in democratising access to digital financial tools and empowering users in emerging markets.