Jambo × OverProtocol: Expanding Digital Inclusion in South Korea
Jambo, an innovator in Web3 mobile technology for emerging markets, has partnered with OverProtocol to expand digital inclusion and financial accessibility in South Korea. This strategic collaboration leverages OverProtocol's blockchain solutions to integrate seamless and secure financial services into the $99 JamboPhone.
The partnership targets both the tech-savvy Korean market and underbanked populations across Africa, Southeast Asia, and Latin America, creating a bridge between traditional banking systems and the growing demand for digital financial services.
South Korea is a major hub for cryptocurrency adoption, with the Korean Won being the most traded currency pair for crypto in 2024, amounting to $456 billion in volumes.
Key Objectives
Enhancing Financial Inclusion
Enable underbanked populations to access banking services through their JamboPhones, particularly focusing on South Korea where the crypto adoption rate is high.
Facilitating Cross-Border Payments
Provide affordable and fast cross-border transactions, essential for the global reach of South Korean users.
Empowering Economic Growth
Offer tools for financial management and literacy, enabling users to manage their finances effectively and participate in the digital economy.
"Our partnership with OverProtocol has been transformative. We've empowered many users with the tools they need to participate in the digital economy, fostering growth and financial independence, particularly in a tech-savvy market like South Korea."
"Collaborating with Jambo has allowed us to extend our blockchain solutions to a broader audience, making a real difference in people's lives by providing them with the financial services they need."
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