Quick Take
Jambo and Aptos Foundation team up to bring Web3 technology to emerging markets. With the affordable JamboPhone at its core, this partnership aims to empower individuals across Africa, Southeast Asia, and Latin America. By integrating Aptos blockchain and innovative apps, they’re bridging digital divides and paving the way for financial inclusion and technological empowerment.
Jambo and Aptos Foundation unite to introduce Web3 technology to underserved regions
In a groundbreaking move aimed at bridging digital divides and propelling emerging markets into the forefront of the digital economy, Jambo has forged a strategic partnership with the Aptos Foundation.
This alliance marks a pivotal moment in the convergence of advanced Web3 technology and the pressing need for financial inclusion across Africa, Southeast Asia, and Latin America.
Jambo, headquartered in the Congo, is at the forefront of revolutionizing user acquisition for Web3 technology. Their platform offers a comprehensive Web3 super app designed to educate, provide banking services, and entertain users across the continent. As a pioneering innovator, Jambo is dedicated to bridging the gap between emerging markets and the digital world through accessible and affordable technology solutions. Their focus on education and financial inclusion underscores their commitment to unlocking the transformative potential of Web3 in these regions.
Jambo secured a total of $37.5M in funding across two rounds, with their latest Series A round completed on May 10, 2022. In an announcement blog post, Jambo CEO and co-founder James Zhang outlined the company’s mission to onboard millions, potentially billions, of Africans to Web3. Zhang highlighted the burgeoning interest in crypto within Africa, emphasizing the need to equip the continent with the necessary tools to fully leverage this transformative technology.
JamboPhone, priced at $99, offering a gateway to the digital world
At the heart of this collaboration lies the ambitious endeavor to introduce communities in developing economies to the transformative power of Web3 through the innovative JamboPhone.
Retailing at an unprecedented $99, the JamboPhone stands as a beacon of accessibility, offering not just a device, but a gateway to a world of digital opportunities for Gen Z populations in emerging markets.
JamboApp and Petra wallet paving the way for a more inclusive digital economy
With its preloaded JamboApp, the JamboPhone serves as a versatile tool, introducing users to decentralized finance, gaming, and a spectrum of educational resources tailored specifically to the needs of underserved communities. Moreover, the inclusion of Petra, a leading Aptos-compatible wallet, on every JamboPhone underscores the commitment to seamless integration with the broader Aptos ecosystem, effectively democratizing access to blockchain technology.
The significance of this partnership extends beyond mere hardware and software integration. By leveraging the robust capabilities of the Aptos blockchain, Jambo and Aptos Foundation are paving the way for a more inclusive digital economy. In regions plagued by limited access to traditional banking services and economic instability, the deployment of Web3 technology offers a lifeline, empowering individuals to transcend financial barriers and participate actively in global markets.
Bashar Lazaar, Head of Grants & Ecosystem at Aptos Foundation, emphasized the profound impact of this collaboration, particularly for underserved regions. “For too long, Web3 has deprioritized emerging markets. This partnership signifies a turning point in the deployment of meaningful tools and resources that will lead to the ubiquitous access to this transformative technology,” said Lazaar, underscoring the shared commitment to equitable access to innovation.
James Zhang, Co-founder of Jambo, echoed this sentiment, highlighting the broader societal implications of the JamboPhone initiative. “The JamboPhone is not just a product, it’s a movement towards financial freedom for emerging markets,” Zhang remarked, emphasizing the pivotal role of technology in catalyzing economic empowerment and leveling the playing field for global talent.
Central to this initiative is the JamboApp, enriched with integrated services designed to not only entertain but also educate and empower users. From JamboPlay to JamboEarn quests, the platform offers a holistic approach to Web3 education, equipping individuals with the knowledge and skills necessary to thrive in the digital economy.
As the world witnesses the dawn of a new era characterized by innovation and accessibility, the partnership between Jambo and Aptos Foundation serves as a beacon of hope for millions across the globe. By harnessing the transformative potential of Web3 technology, these two visionary entities are charting a course towards a future where opportunity knows no bounds, and prosperity is within reach for all.
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