Jambo, a Web3 mobile infrastructure startup behind 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, according to an announcement on Tuesday.
Jambo, Solana, and Tether will collaborate to offer several solutions for JamboPhone users. These include cryptocurrency and stablecoin payment rails, alternative banking, and earning opportunities 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,” Jambo co-founder James Zhang said.
USDT rewards
This partnership will enable Jambo to integrate USDT-SPL tokens, with 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 tasks offered through the $99 phone.
Overall, Jambo aims to leverage key aspects of its phone, Solana’s blockchain, and Tether’s traction. JamboPhone offers affordability, Solana network boasts speed and efficiency, and Tether is the world’s largest and most widely adopted stablecoin.
Combining these features with the growing crypto adoption in emerging markets is expected to bring greater financial inclusion, according to Jambo.
Jambo announced its JamboPhone in February this year, following a partnership with Aptos Foundation. The tech startup views this smartphone as a potential rival to Solana’s Saga, which sold out in December 2023 before pre-orders for a new Saga opened in January 2024.
