This collaboration introduces a blockchain-based payments solution for innovative $99 Jambo smartphones, targeting crypto payments for millions.
Jambo, a leading builder of Web 3.0 mobile infrastructure, today announced its partnership with Lif3, the revolutionary omni-chain DeFi layer-one ecosystem, to offer millions of Jambo phone users in over 120 countries with easier access to peer-to-peer crypto payments through the Lif3 mobile app.
Founded by serial entrepreneur and Web 3.0 investor Harry Yeh, Lif3’s strategic collaboration merges its innovative DeFi ecosystem with Jambo’s expertise in mobile technology tailored for emerging economies, facilitating developing countries’ access to the world’s financial market.
Emerging markets face unique challenges that require innovative solutions for real problems.
In regions like Africa where 57% of the estimated one-point-five billion population remains unbanked and 50% without access to a smartphone the collaboration between Jambo and Lif3 is designed to address these issues by providing secure, user-friendly access to real-time crypto payments.
This initiative will empower millions by facilitating enhanced connectivity, improved security and streamlined access to digital financial services.
Additionally, the Lif3 mobile app will be pre-installed on the JamboPhone, complemented by 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’re simplifying access to decentralized financial solutions, including crypto payments and AI-integrated solutions.
“This is a pivotal step toward bridging economic gaps and transforming lives in emerging markets.”
Adding to this, James Zhang, co-founder of Jambo, said,
“In many regions across emerging markets, an entire family shares one smartphone, and a family member can only use it for a few hours a day.
“Owning a JamboPhone opens up new possibilities like discovering a new life.
“By embedding Lif3 directly within the Jambo ecosystem, we’re making it easier than ever for users in emerging markets to safely and efficiently engage with the digital economy.
“The integration of Lif3 into the JamboPhone is a…
Click Here to Read the Full Original Article at The Daily Hodl…
