Original source: Jambo
Jambo, as a leading Web3 mobile infrastructure builder, is committed to promoting the popularization of the digital economy in emerging markets. Today, Jambo announced a partnership with Coinbase, the world's top cryptocurrency exchange platform. JamboPhone will have Coinbase Wallet built in by default, a self-hosted crypto wallet, and will seamlessly integrate on-chain applications built on Base. Base is a secure Ethereum L2 solution designed to help introduce 1 billion users to the on-chain world.
JamboPhone is now available in more than 120 countries, and this partnership aims to help developing countries better access global financial markets. The partnership between Jambo and Coinbase not only increases the accessibility of digital technology, but also provides financial inclusion opportunities for areas that are difficult to reach with traditional banking services.
In regions like Africa, 57% of the approximately 1.5 billion people do not have bank accounts, and almost half of the population do not have smartphones. Similarly, approximately 50% and 26% of the population in Southeast Asia and Latin America do not have bank accounts. Jambo's partnership with Coinbase provides low-cost on-chain payment services to people in these regions. Stablecoin transactions through the Base platform can cost less than 1 cent, and these services are available to anyone with an internet connection. At the same time, Coinbase Wallet and Jambo will also provide tasks and educational programs to help users familiarize themselves with on-chain technology and earn rewards while learning.
The JamboPhone has also been selected as a prize for the Base Around the World series of regional hackathons, held in Africa, India, Southeast Asia, and Latin America. This Jambo-sponsored program aims to inspire innovation in emerging markets, and outstanding participants will receive a JamboPhone. Through this collaboration, the hackathon will drive a new wave of technological innovation and provide participants with tools to further enhance their on-chain experience.
James, co-founder of Jambo, said: "In many emerging markets, a family often has only one smartphone, and each family member can only use it for a few hours a day. Owning a JamboPhone enables them to fully participate in the digital economy. By embedding Coinbase Wallet and Base directly into the Jambo ecosystem, users in emerging markets can interact with the on-chain economy more easily, securely and efficiently. The integration of Coinbase Wallet and Base provides global users with a secure, reliable and low-cost blockchain financial service."
Jesse Pollak, founder of Base, said: "On-chain technology makes financial services accessible to anyone with an internet connection. With Base and Coinbase Wallet, users can send and receive on-chain payments to anyone in seconds for less than a cent. Integrating Base and Coinbase Wallet with the Jambo smartphone will greatly simplify the process of users taking advantage of on-chain technology, including the rapidly growing on-chain application ecosystem of payments, social media, games and entertainment."
For more information about Base, visit its official website. For more information about Jambo, visit its official website.
About Jambo
Jambo's vision is to bring emerging markets on-chain by building the world's largest Web3 mobile infrastructure network. Jambo is backed by top investors including Paradigm, Tiger Global, Pantera, Delphi, and more.
Jambo is bringing the next billion users to Web3 with the JamboPhone. This Web3 Android smartphone starts at just $99 and comes pre-installed with rich Web3 features. The Jambo ecosystem is already integrated into the phone, covering Web3 mobile games, wallets, payment infrastructure, and more innovative features will be launched in the future.
For more information about Jambo, visit Twitter/X and purchase the JamboPhone on its official website.
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