- Injective and Web3 mobile company Jambo will collaborate to promote DeFi in Africa, Latin America, and Southeast Asia.
- Through this collaboration, we are working to make dApps easily accessible to millions of people through Jambophone.
Injective and Web3 mobile infrastructure platform Jambo have announced a partnership that will see the two companies work together to deliver blockchain-based financial solutions to millions of users in emerging markets.
This partnership will leverage JamboPhone, a Web3 Android 13 smartphone, to introduce Injective’s DeFi ecosystem to users across Africa, Latin America, and Southeast Asia.
“Combining Injective’s robust infrastructure stack with Jambo’s mature Web3 mobile technology allows us to efficiently scale DeFi to the point where it can substantially help billions of people overcome socioeconomic barriers.Mirza Uddin, Business Director at Injective Labs, said in the announcement:
As part of the collaboration, users in these emerging markets will have access to several decentralized applications (dApps) from the Injective ecosystem through the JamboPlay dApp store. One of the first platforms available is Ninji, a native injective wallet.
“We want to bring emerging markets on-chain,” said James Zhang, co-founder of Jambo.
Web3 Call for DeFi Adoption
The JamboPhone currently costs $99 and has been sold in over 100 countries. Web3 phones have preloaded applications including DeFi, gaming, and Web3 infrastructure.
This partnership continues Jambo’s commitment to promoting the cryptocurrency adoption space in Africa and other emerging markets. This is also part of Injective’s mission to have a blockchain platform that provides an interoperable layer 1 network optimized for Web3.
Injective, incubated by Binance, counts Pantera, Jump Crypto, and Mark Cuban among its backers. Native token INJ is currently at 45.Day-It is the largest cryptocurrency by market capitalization.
Following today’s partnership announcement, INJ prices surged more than 12% in 24 hours, reaching a high of $28.47.