Aptos has teamed up with Jambo Technology to introduce an affordable Web3 smartphone called JamboPhone in developing regions.
This smartphone, dubbed “a bridge to the Aptos ecosystem,” comes equipped with pre-installed apps such as the Petra Aptos wallet and Jambo App. Aptos is extending its presence by making the JamboPhone accessible in 40 countries across Africa, Southeast Asia, and Latin America.
Aptos and Jambo Technology Launch JamboPhone
Aptos, a blockchain network, is following Solana’s lead by launching a crypto and Web3 smartphone in partnership with Jambo Technology. This collaboration aims to improve Web3 access in developing regions.
The JamboPhone, priced at $99, is available in 40 countries across Africa, Southeast Asia, and Latin America. It serves as a gateway to the Aptos ecosystem, offering pre-installed apps like the Petra Aptos wallet and Jambo App, providing users with Web3 experiences including decentralized finance and gaming.
Mo Shaikh, Aptos Labs’ CEO, praised JamboTechnology and Aptos Foundation for their dedication to Web3 principles, which focus on expanding financial access and inclusion. Emerging markets, especially in Africa and Latin America, are embracing cryptocurrencies faster due to a large unbanked population and economic challenges like high inflation.
Solana’s Device Pre-Orders Surge, APT Token Prices Up, Aptos Challenges
The anticipation for Solana’s upcoming device, set to launch in 2025, surged as the company slashed the price of its latest model, driving pre-orders to high levels.
APT token prices saw a slight uptick of 2.4% on the day, reaching $10.22 at the time of writing. Over the past week, the token has recorded a 15% increase amidst the ongoing rally in crypto markets.
Despite being backed by venture capital, Aptos, the blockchain network, has encountered challenges such as teething problems and outages. Additionally, Aptos has flooded the market with token unlocks, leading to price depreciation.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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