Injective and Jambo Bring Mobile-Based DeFi to Millions in Emerging Markets

April 18, 2024

Today, Injective announces its collaboration with Jambo, the largest web3 mobile infrastructure bringing emerging markets on-chain, to offer blockchain-powered financial solutions in emerging markets through the JamboPhone . Starting now, a number of Injective native dApps such as Ninji Wallet will be available on Jambo phones, enabling millions of new users to access the Injective ecosystem easier than ever before. Jambo is a leading innovator dedicated to connecting emerging markets with the digital world through user-friendly, affordable technology. Bringing Injective to Emerging MarketsWith this collaboration, the JamboPhone will feature Ninji , the leading wallet on Injective, on their dApp store, allowing any JamboPhone user to quickly onboard into the Injective ecosystem. "Injective’s collaboration with Jambo demonstrates Injective’s commitment to bringing equitable access for financial services globally, employing the borderless reach of Web3 and blockchain,” said Mirza Uddin, Head of Business at Injective Labs.

Today, Injective announces its collaboration with Jambo, the largest web3 mobile infrastructure bringing emerging markets on-chain, to offer blockchain-powered financial solutions in emerging markets through the JamboPhone

This collaboration is grounded in a shared vision to make blockchain technology a truly global phenomenon, providing web3-based experiences to emerging economies in Africa, Southeast Asia, and Latin America. 

Starting now, a number of Injective native dApps such as Ninji Wallet will be available on Jambo phones, enabling millions of new users to access the Injective ecosystem easier than ever before.

What Is Jambo? 

Jambo is a leading innovator dedicated to connecting emerging markets with the digital world through user-friendly, affordable technology. Their core offering is the JamboPhone, which is a Web3 Android 13 smartphone with a competitive price point to introduce millions of potential users to Injective’s advanced DeFi ecosystem. 

Already sold in over 100 countries, users are able to engage with the global economy by utilizing the preloaded Jambo Ecosystem applications featuring DeFi, gaming, and web3 infrastructure applications. 

Bringing Injective to Emerging Markets

With this collaboration, the JamboPhone will feature Ninji, the leading wallet on Injective, on their dApp store, allowing any JamboPhone user to quickly onboard into the Injective ecosystem. 

"Injective’s collaboration with Jambo demonstrates Injective’s commitment to bringing equitable access for financial services globally, employing the borderless reach of Web3 and blockchain,” said Mirza Uddin, Head of Business at Injective Labs. “Combining Injective’s robust infrastructure stack with Jambo’s mature Web3 mobile technology will enable us to efficiently scale DeFi to the point where it can tangibly help billions of people overcome socioeconomic hurdles. Injective’s mission envisions a world where tasks like making loans, transferring money internationally, and managing stock portfolios beyond the confines of a bank or investment firm is an option for anyone.”

Emerging markets face their own unique set of economic challenges that Injective can address with its unmatched blockchain network. Injective enables developers to rapidly launch innovative financial applications with its innovative plug-and-play Web3 modules, which dramatically reduces time to market. Anyone can easily create a host of apps ranging from DEXs and lending platforms to payment apps. With Jambo’s game changing smartphone and Injective’s diverse features, participation in the digital economy becomes more accessible, democratized, and financially equitable.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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The source of this news is from Injective