Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions of Users in Emerging Markets

Abu Dhabi, United Arab Emirates, November fifth, 2024, Chainwire

• This collaboration introduces a blockchain-based funds answer for progressive $99 Jambo smartphones, concentrating on crypto funds for tens of millions.

Jambo, a number one builder of web3 cell infrastructure, at present introduced its partnership with Lif3, the revolutionary omni-chain DeFi Layer-1 ecosystem, to supply tens of millions of Jambo cellphone customers in over 120 nations, with simpler entry to peer-to-peer crypto funds by way of the Lif3 cell app. 

Based by serial entrepreneur and web3 investor Harry Yeh, Lif3’s strategic collaboration merges its progressive DeFi ecosystem with Jambo’s experience in cell know-how tailor-made for rising economies, facilitating growing nations’ entry to the world’s monetary market.

Rising markets face distinctive challenges that require progressive options for actual issues. In areas like Africa, the place 57% of the ~1.5bn inhabitants stays unbanked and 50% with out entry to a smartphone, the collaboration between Jambo and Lif3 is designed to handle these points by offering safe, user-friendly entry to real-time crypto funds. This initiative will empower tens of millions by facilitating enhanced connectivity, improved safety, and streamlined entry to digital monetary providers. Moreover, the Lif3 cell app will likely be pre-installed on the JamboPhone, complemented by quests and academic packages to assist customers familiarize themselves with the brand new know-how whereas incomes rewards.

Talking concerning the partnership, Harry Yeh, Managing Director of Quantum FinTech Group, mentioned, “Lif3 is dedicated to unlocking monetary alternatives for everybody, all over the place. By partnering with Jambo, we’re simplifying entry to decentralized monetary options, together with crypto funds and AI-integrated options. It is a pivotal step towards bridging financial gaps and reworking lives in rising markets.” 

Including to this, James Zhang, co-founder of Jambo mentioned, “In lots of areas throughout rising markets, a complete household shares one smartphone and a member of the family can solely use it for just a few hours a day. Proudly owning a JamboPhone opens up new potentialities–like discovering a brand new life. By embedding Lif3 instantly throughout the Jambo ecosystem, we’re making it simpler than ever for customers in rising markets to soundly and effectively have interaction with the digital financial system. The combination of Lif3 into the JamboPhone is a game-changer for crypto funds, opening new pathways to financial participation that have been beforehand unimaginable.”

The partnership will characteristic pre-installed Lif3 apps on all JamboPhones globally, permitting customers to get their crypto pockets instantaneously and have interaction in a number of DeFi options built-in throughout the Lif3 ecosystem. The initiative additionally plans to incorporate instructional packages to help new customers in navigating the web3 area safely and changing into savvy digital residents.

The Jambo and Lif3 collaboration not solely enhances entry to digital applied sciences but in addition paves the way in which for monetary inclusion in areas the place conventional banking has been out of attain. This initiative instantly targets the hole in monetary providers, aiming to carry the unbanked into the financial fold and ignite financial progress from the bottom up.

About Jambo

Jambo – The Most Globally Distributed DePIN Smartphone. Jambo’s imaginative and prescient is to carry rising markets on-chain by way of constructing the most important web3 cell infrastructure community. Jambo is backed by buyers globally, together with Paradigm, Tiger World, Pantera, Delphi and extra. 

Jambo is onboarding the subsequent billion customers to web3 with the JamboPhone 2, a premiere web3 Android smartphone beginning at solely $99 preloaded with the world of web3 at their fingertips. The Jambo Ecosystem is preinstalled on the cellphone and options web3 cell video games, wallets, cost infrastructure, and extra.

Customers can study extra concerning the newest from Jambo on Twitter/X and buy their JamboPhone at jambophone.xyz, and be part of the Jambo Neighborhood and lead web3 adoption with them on Telegram.

To study extra about Jambo, customers can go to jambophone.xyz

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About Lif3

Lif3.com is revolutionizing the blockchain business with its omni-chain DeFi ecosystem and curated Layer-1 blockchain. The self-custody Lif3 Pockets, out there on the App Store and Google Play, empowers customers by unlocking the total potential of Web3, remodeling client DeFi, Gaming, iGaming, music, leisure, and extra. $LIF3 is at present listed on Bitfinex, Bitmart, and MEXC.

To study extra about lIF3, customers can go to lif3.com. 

For extra info, customers can contact: [email protected]

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About Quantum Fintech Group

Quantum Fintech Group is a non-public funding group based in 2020, and is targeted on offering superior returns within the different asset area focusing particularly on blockchain investments.

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Contact

Chantel Elloway
[email protected]