Jambo x OverProtocol
Introduction:
Jambo, an innovator in Web3 mobile technology for emerging markets, has partnered with Over Protocol to expand digital inclusion and financial accessibility in South Korea. This strategic collaboration leverages Over Protocol’s blockchain solutions to integrate seamless and secure financial services into the $99 JamboPhone, targeting both the tech-savvy Korean market and underbanked populations across Africa, Southeast Asia, and Latin America.
Challenge
Despite South Korea's advanced technological infrastructure and high crypto adoption rates, integrating blockchain into everyday financial services remains a challenge. The Korean market needs affordable and user-friendly solutions that can bridge the gap between traditional banking systems and the growing demand for digital financial services.
Solution
Jambo and Over Protocol have collaborated to integrate Over Protocol’s blockchain technology into the JamboPhone, preinstalling the OverWallet. This integration provides secure, low-cost, and efficient financial services directly from smartphones, empowering users in South Korea and beyond.
Key Objectives
Enhancing Financial Inclusion: Enable underbanked populations to access banking services through their JamboPhones, particularly focusing on South Korea where the crypto adoption rate is high.
Facilitating Cross-Border Payments: Provide affordable and fast cross-border transactions, essential for the global reach of South Korean users.
Empowering Economic Growth: Offer tools for financial management and literacy, enabling users to manage their finances effectively and participate in the digital economy.
Integration of OverProtocol
Over Protocol’s blockchain technology is seamlessly integrated into the JamboPhone ecosystem, enabling secure financial transactions.
The OverWallet is preinstalled on JamboPhones, providing users with instant access to blockchain-based financial services.
Deployment of JamboPhones
JamboPhones are being distributed across key regions including South Korea, ensuring widespread access to new financial services.
Educational Initiatives
Jambo launched comprehensive educational campaigns through the JamboApp, including tutorials on using blockchain technology and managing digital wallets.
Market Context
South Korea is a major hub for cryptocurrency adoption, with the Korean Won being the most traded currency pair for crypto in 2024, amounting to $456 billion in volumes. This high level of engagement presents an ideal market for the introduction of innovative blockchain solutions like those offered by Jambo and Over Protocol.
Testimonials
James Zhang, Co-founder of Jambo:
“Our partnership with Over Protocol has been transformative. We’ve empowered many users with the tools they need to participate in the digital economy, fostering growth and financial independence, particularly in a tech-savvy market like South Korea.”
Sarah Lee, CEO of Over Protocol:
“Collaborating with Jambo has allowed us to extend our blockchain solutions to a broader audience, making a real difference in people’s lives by providing them with the financial services they need.”
Conclusion
The partnership between Jambo and Over Protocol exemplifies how innovative technology can address critical challenges in financial inclusion and digital literacy. By leveraging blockchain technology and focusing on a high-adoption market like South Korea, Jambo and Over Protocol aim to create a sustainable model for financial empowerment, offering people the opportunity to participate in the digital economy.
For more information, visit Jambo and Over Protocol.
