Jambo's Expansion to Solana with Tether to Accelerate Financial Inclusion
Introduction:
On July 16th 2024, Jambo, a web3 mobile infrastructure provider, expanded its services to the Solana blockchain, partnered with Tether, to promote financial inclusion in emerging markets. This move is part of Jambo's mission to onboard the next billion users to web3 technology.
The Challenge: Bridging the Financial Gap
Users can earn their first crypto on Solana using Jambo
JamboEarn rewards mobile first questing platform is now using SPL USDT as the default crypto payout currency
Solana and Tether will be doing sponsored quests on JamboEarn to accelerate emerging markets adoption
Jambo is helping educate new users on cryptocurrency use cases
JamboPhone is helping crypto companies as large as Solana and Tether find new audiences through emerging markets and onboarding users into web3
The Challenge:
Emerging markets, particularly in Southeast Asia, Latin America, and Africa, represent a vast population of approximately 2.7 billion people. These regions are characterized by significant demand for crypto products, driven by challenges like hyperinflation and unreliable banking systems. With a combined GDP of around $13 trillion, these markets offer substantial growth opportunities, especially given their relatively low competitive environment. Proven success stories such as Nubank, Yellow Card, Jambo, and Decentraland highlight the potential for substantial returns in these untapped markets, making them prime areas for greenfield expansion.