Jambo, a builder of Web3 mobile infrastructure to unlock the digital economy in emerging markets, today announced its partnership with Coinbase, a leading and trusted place to buy, sell, store, and transfer digital currencies.
JamboPhones will now feature Coinbase Wallet, a self-custody crypto wallet, by default, and will seamlessly integrate with onchain applications built on Base, the secure Ethereum L2 designed to help bring a billion users onchain.
JamboPhone is available in over 120 countries, and the partnership aims to facilitate developing countries’ access to the world’s financial market.
INTRODUCING | Jambo Unleashes the JamboPhone – The First Web3 Earn Phone for Emerging Markets –@BitcoinKE https://t.co/mYqYE13Mu0
— Sirph Digital Solutions (@SirphDigital) February 22, 2024
The Jambo and Coinbase collaboration not only enhances access to digital technologies but also paves the way for financial inclusion in regions where traditional banking has been out of reach.
- In regions like Africa, 57% of the ~1.5bn population remains unbanked, and almost half the population do not have access to a smartphone.
- Similarly, roughly 50% and 26% of the populations in Southeast Asia and Latin America respectively are unbanked.
The collaboration between Jambo and Coinbase gives these populations access to low-cost onchain payments. Stablecoin transactions on Base can cost less than 1 cent and are available to anyone with internet access. Coinbase Wallet and Jambo will feature quests and educational programs to help users familiarize themselves with onchain technology while earning rewards.
JamboPhones have also been selected as rewards for winners of Base Around the World, a series of ongoing regional buildathons across:
- Africa
- India
- Southeast Asia, and
- Latin America
This initiative, sponsored by Jambo, aims to spark innovation in emerging markets, and provides JamboPhones to top participants. Through this partnership, the buildathons are poised to inspire a new wave of technological creativity and provide participants with tools to further their onchain experiences.
LIST | Here is the List of the 23 ‘Based Africa’ 2024 Hackathon Winners
With over 750 builders signing up in recent weeks and 280 projects submitted, here are the 23 winners from Africa that won the hackathonhttps://t.co/GQxgSqwYLI @jessepollak @base @Sir_Damilare pic.twitter.com/Bp8SHpF78l
— BitKE (@BitcoinKE) November 8, 2024
“In many regions across emerging markets, an entire family shares one smartphone and each family member can only use it for a few hours a day. Owning a JamboPhone liberates them to fully engage in the digital future,” said James, Cofounder at Jambo.
“By embedding Coinbase Wallet and Base directly within the Jambo ecosystem, we’re making it easier than ever for users in emerging markets to safely and efficiently engage with the onchain economy. The integration of Coinbase Wallet and Base into the JamboPhone is a game-changer for access to safe,secure, and low-cost financial services using blockchain technology globally.”
Jesse Pollak, Creator of Base, said,
“Onchain opens up financial services to anyone with access to the internet. With Base and Coinbase Wallet, you can send and receive onchain payments to anyone, anywhere in just seconds, for less than 1 cent.
Integrating Base and Coinbase Wallet with Jambo smartphones will make it easier for users to take advantage of onchain technology, including payments and the fast growing ecosystem of onchain apps across social media, gaming, and entertainment.”
To learn more about Base, visit https://www.base.org/. To learn more about Jambo, visit jambophone.xyz.
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Press release shared by Jambo Technologies
