The post Solana & Tether Boosts Paradigm-Backed Jambo’s Expansion Plan appeared on BitcoinEthereumNews.com.

SOL crypto is back in the spotlight with a significant partnership that’s capturing investor attention. In a recent X post, Solana co-founder Anatoly Yakovenko recently praised Jambo’s expansion onto the blockchain, backed by Tether. Notably, this move aims to accelerate financial inclusion in emerging markets, according to the announcement, leveraging blockchain mobile technology to empower the unbanked. Jambo Expands To Solana With Tether Backing Jambo, a key player in Web3 mobile infrastructure backed by Paradigm, announced its expansion to the Solana blockchain. Partnering with Tether, Jambo aims to bring blockchain-based financial and educational solutions to emerging markets. Notably, this initiative focuses on providing stablecoin and crypto payment options, alternative banking access, and global earning opportunities. Besides, the expansion targets regions such as Southeast Asia, Africa, and Latin America, where financial inclusion is crucial. Meanwhile, James Zhang, Co-founder of Jambo, highlighted the comprehensive nature of this expansion. He noted that bringing Jambo to the SOL blockchain with Tether addresses the unique needs of these regions. The integration of Solana’s SPL USDT stablecoin is a vital part of this strategy, serving as the primary reward mechanism for user engagement. Through the Jambo App on their affordable $99 JamboPhone, users can participate in various tasks and earn rewards primarily in USDT. These activities range from educational initiatives to promotional tasks, offering users opportunities to earn while learning. Lily Liu, President of the SOL Foundation, emphasized the blockchain’s role in this partnership. She stated that the blockchain enables financial access for nearly anyone with an internet connection. Together with Jambo, they aim to make self-custody, financial opportunity, and educational resources accessible to millions. Also Read: Bitcoin SV Founder Craig Wright Faces UK Perjury Investigation Boosting Adoption Via Local Engagement To foster local adoption, Jambo will work with local Superteams. These teams are composed of…

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Filed under: News - @ July 17, 2024 4:22 am