Injective and Jambo have joined forces to introduce decentralized finance (DeFi) to people in developing regions like Africa, Latin America, and Southeast Asia. Through this partnership, they aim to make it simple for millions of users to access DeFi applications using the JamboPhone, a Web3 smartphone.

The collaboration between Injective, known for its robust infrastructure, and Jambo, a leading Web3 mobile technology provider, marks a significant step towards democratizing access to financial services. Mirza Uddin, Injective Labs' business head, emphasized the potential of this collaboration to address socioeconomic challenges faced by billions of people in emerging markets.

Users in these regions will gain access to various decentralized applications (dApps) within the Injective ecosystem through the JamboPlay dApp store. Among the first offerings will be Ninji, a native wallet for managing Injective assets.

JamboPhone, priced at $99 and available in over 100 countries, serves as a gateway to the world of DeFi, gaming, and Web3 infrastructure. James Zhang, Jambo's co-founder, expressed the company's ambition to onboard emerging markets onto the blockchain.

This partnership aligns with both Jambo's and Injective's missions to foster crypto adoption globally. Injective, supported by influential backers like Binance, Pantera, and Mark Cuban, operates an interoperable layer 1 network tailored for Web3 applications.

The announcement of this collaboration has sparked a surge in the price of Injective's native token, INJ, by over 12% in 24 hours, reaching a high of $28.47.

In conclusion, the partnership between Injective and Jambo signifies a significant milestone in bringing DeFi to underserved populations worldwide. By leveraging innovative technology and strategic collaboration, they aim to empower millions with access to decentralized financial solutions.