Jambo, a prominent player in the web3 mobile infrastructure space, has unveiled its collaboration with Lif3, an innovative omni-chain DeFi Layer-1 ecosystem. This partnership aims to provide millions of Jambo phone users across more than 120 countries with streamlined access to-to-peer crypto payments via the Lif3 mobile app.
Founded by the visionary entrepreneur and Web3 investor Harry Yeh, Lif3 is forging a powerful alliance that integrates its cutting-edge DeFi ecosystem with Jambo’s prowess in mobile technology, specifically designed for emerging economies. This collaboration is set to enhance developing countries’ access to the global financial market.
Emerging markets encounter distinct hurdles that demand cutting-edge solutions for tangible issues. In areas such as Africa, where a staggering 57% of the approximately 1.5 billion population is unbanked and 50% lack smartphone access, the partnership between Jambo and Lif3 aims to tackle these challenges by offering secure and user-friendly access to real-time crypto payments. This initiative is set to revolutionize the landscape, empowering millions through enhanced connectivity, fortified security, and seamless access to digital financial services. The Lif3 mobile app will come pre-installed on the JamboPhone, featuring quests and educational programs designed to onboard users with the new technology, all while allowing them to earn rewards.
Harry Yeh, Managing Director of Quantum FinTech Group, spoke about the partnership, saying, “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 game-changer for crypto payments, opening new pathways to economic participation that were previously unimaginable.”
The collaboration will see Lif3 apps pre-installed on every JamboPhone worldwide, enabling users to access their crypto wallets instantly and dive into a range of DeFi functionalities seamlessly woven into the Lif3 ecosystem. The initiative aims to roll out educational programs designed to empower new users, helping them navigate the web3 landscape securely and evolve into informed digital citizens.
The partnership between Jambo and Lif3 is set to revolutionize access to digital technologies, creating pathways for financial inclusion in areas where conventional banking has been inaccessible. This initiative zeroes in on the financial services gap, striving to onboard the unbanked and catalyze grassroots economic growth.