Injective (INJ) teams up with Jambo to boost Web3 & DeFi adoption in Africa, LATAM

Injective (INJ) attracted investor interest on Thursday following the blockchain’s groundbreaking partnership with Jambo – a web3 mobile service provider.

Announcing a strategic partnership between Injective x Jambo

🦁🥷

Injective's ecosystem of DeFi products combined with the Jambo ecosystem will turbocharge financial access around the world

Big things coming 🤫 pic.twitter.com/iiAgmM4ajB

— Jambo (@JamboTechnology) April 18, 2024

Injective confirmed that the collaboration aims to offer decentralized finance (DeFi) and Web3-based technologies to boost economics in Latin America, Southeast Asia, and Africa.

Injective joining forces with Jambo

The partnership between Injective and Jambo aims to launch blockchain-centered financial solutions in emerging markets through customized JamboPhone.

That means users will access various Injective decentralized applications (dApps) via JamboPhones, allowing millions to interact with INJ’s ecosystem seamlessly.

Jambo provides a smartphone infrastructure for linking traditional markets with the growing digital space through affordable & user-friendly technology.

Jambo launched the JamboPhone to offer Android 13 mobile phone users access to web3 services.

INJ price up 15%

Injective reacted to the collaboration announcement with notable optimism. The altcoin painted its 24-hour chart green after gaining over 15% within the past day to trade at $28.53.

Also, the 70% increase in daily trading volume confirmed robust bullishness behind INJ’s price surge.

Further, open interest saw a significant 30% uptick to $114.79 million, while derivatives volume’s 97% surge propelled the latter to $722.33 million.

The on-chain narrative supports impressive upward momentum for Injective, anchoring the alt’s current outlook.

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