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    • Jambo and Lif3 partner to make crypto payments accessible to millions of users in emerging markets
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    Jambo and Lif3 partner to make crypto payments accessible to millions of users in emerging markets

    Pabio Posted on

    Abu Dhabi, United Arab Emirates, November 5, 2024, Chainwire

    • This collaboration introduces a blockchain-based payment solution for innovative $99 Jambo smartphones, targeting crypto payments for millions.

    Jamboa leading builder of Web3 mobile infrastructure, today announced its partnership with FRV3the revolutionary omni-chain DeFi Layer-1 ecosystem, to provide millions of Jambo phone users in over 120 countries with easier access to peer-to-peer crypto payments via the Lif3 mobile app.

    Founded by serial entrepreneur and web3 investor Harry Yeh, Lif3’s strategic collaboration merges its innovative DeFi ecosystem with Jambo’s expertise in mobile technology tailored to emerging economies, facilitating access for developing countries to the global financial market .

    Emerging markets face unique challenges that require innovative solutions to solve real-world problems. In regions like Africawhere 57% of the approximately 1.5 billion residents remain unbanked and 50% do not have access to a smartphone, the collaboration between Jambo and Lif3 aims to address these issues by providing secure and user-friendly access to crypto payments in real time. This initiative will empower millions of people by facilitating enhanced connectivity, improved security and streamlined access to digital financial services. Additionally, the Lif3 mobile app will come pre-installed on the JamboPhone, complete with quests and educational programs to help users familiarize themselves with the new technology while earning rewards.

    Speaking about the partnership, Harry Yeh, Managing Director of Quantum FinTech Group, said: “Lif3 is committed to unlocking financial opportunities for everyone, everywhere. By partnering with Jambo, we are simplifying access to decentralized finance solutions, including crypto payments and AI-integrated solutions. This is a crucial step towards closing economic gaps and transforming lives in emerging markets.

    James Zhang, co-founder of Jambo added to this: “In many parts of emerging markets, an entire family shares a smartphone and one family member may only use it for a few hours a day. Owning a JamboPhone opens up new possibilities, like discovering a new life. By integrating Lif3 directly into the Jambo ecosystem, we are enabling users in emerging markets more than ever to safely and effectively engage in the digital economy. The integration of Lif3 into the JamboPhone is a game changer for crypto payments, opening new avenues of economic participation that were previously unimaginable.

    The partnership will feature Lif3 apps pre-installed on all JamboPhones globally, allowing users to get their crypto wallet instantly and enjoy a host of DeFi features built into the Lif3 ecosystem. The initiative also plans to include educational programs to help new users navigate the Web3 space safely and become savvy digital citizens.

    The Jambo and the Lif3 the collaboration not only improves access to digital technologies, but also paves the way for financial inclusion in regions where traditional banking services were out of reach. This initiative directly targets the financial services gap, with the aim of bringing the unbanked into the economic fold and reigniting economic growth from the ground up.

    About Jambo

    Jambo – The most distributed DePIN smartphone in the world. Jambo’s vision is to bring emerging markets on-chain by building the largest Web3 mobile infrastructure network. Jambo is backed by investors around the world, including Paradigm, Tiger Global, Pantera, Delphi and many others.

    Jambo welcomes the next billion Web3 users with the JamboPhone 2, a Web3-first Android smartphone starting at just $99 preloaded with the world of Web3 at your fingertips. The Jambo ecosystem comes pre-installed on the phone and offers Web3 mobile games, wallets, payment infrastructure, and more.

    Users can learn more about the latest from Jambo at Twitter/X and buy their JamboPhone on jambophone.xyzand join the Jambo community and lead Web3 adoption with them on Telegram.

    To learn more about Jambo, users can visit jambophone.xyz

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    About Lif3

    Lif3.com is revolutionizing the blockchain industry with its omni-chain DeFi ecosystem and curated layer 1 blockchain. The Lif3 Wallet in self-custody, available on the App store And Google Playenables users to unlock the full potential of Web3, transforming consumer DeFi, gaming, iGaming, music, entertainment and much more. $LIF3 is currently listed on Bitfinex, BitmartAnd MEXICO.

    To learn more about lIF3, users can visit lif3.com.

    For more information, users can contact: [email protected]

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    About Quantum Fintech Group

    Quantum Fintech Group is a private investment group founded in 2020 and is focused on providing superior returns in the alternative assets space, specifically focusing on blockchain investments.

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    Contact

    Chantel Elloway
    [email protected]

    Disclaimer: Press release sponsored by our business partners.

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