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Jambo, a leading builder of web3 mobile infrastructure,
today announced its partnership with Lif3, the revolutionary omni-chain DeFi
Layer-1 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 web3 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 ~1.5bn 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 game-changer for crypto payments,
opening new pathways to economic participation that were previously
unimaginable.”
The partnership will feature pre-installed Lif3 apps on all
JamboPhones globally, allowing users to get their crypto wallet instantaneously
and engage in a host of DeFi features integrated within the Lif3 ecosystem. The
initiative also plans to include educational programs to assist new users in
navigating the web3 space safely and becoming savvy digital citizens.
The Jambo and Lif3 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. This initiative directly
targets the gap in financial services, aiming to bring the unbanked into the
economic fold and ignite economic growth from the ground up.
About Jambo
Jambo (https://jambophone.xyz/) – The Most Globally
Distributed DePIN Smartphone. Jambo’s vision is to bring emerging markets
on-chain through building the largest web3 mobile infrastructure network. Jambo
is backed by investors globally, including Paradigm, Tiger Global, Pantera, Delphi
and more.
Jambo is onboarding the next billion users to web3 with the
JamboPhone 2, a premiere web3 Android smartphone starting at only $99 preloaded
with the world of web3 at their fingertips. The Jambo Ecosystem is preinstalled
on the phone and features web3 mobile games, wallets, payment infrastructure,
and more.
About Lif3
Lif3.com is revolutionizing the blockchain industry with its
omni-chain DeFi ecosystem and curated Layer-1 blockchain. The self-custody Lif3
Wallet, available on the App Store and Google Play, empowers users by unlocking
the full potential of Web3, transforming consumer DeFi, Gaming, iGaming, music,
entertainment, and more. $LIF3 is currently listed on Bitfinex, Bitmart, and
MEXC.
About Quantum Fintech Group
Quantum Fintech Group is a private investment
group founded in 2020, and is focused on providing superior returns in the
alternative asset space focusing specifically on blockchain investments.