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Aptos to Launch Smartphone to Boost Web3 Access in Emerging Markets

2 mins
Updated by Kyle Baird
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In Brief

  • Aptos partners with Jambo Technology to launch an affordable Web3 smartphone, JamboPhone, in emerging markets.
  • JamboPhone, described as "a bridge to the Aptos ecosystem," comes with pre-installed apps like Petra Aptos wallet and Jambo App.
  • Aptos continues to expand its reach with the JamboPhone already available in 40 countries across Africa, Southeast Asia, and Latin America.
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Layer-1 blockchain network Aptos is following in the footsteps of rival network Solana by introducing a crypto and Web3 smartphone. The firm has partnered with Jambo Technology to launch the device in emerging markets.

On February 15, Aptos announced the partnership with the little-known African technology firm with a mission “to enhance Web3 access in emerging markets.” 

Web3 Access in Africa, LATAM

It added that the introduction of the JamboPhone was at the heart of this collaboration. The device is an,

“Affordably priced smartphone designed to unlock the digital economy for users.”

It will be sold across Africa, Southeast Asia, and Latin America for $99 and is already available in 40 countries. 

The firm described the JamboPhone as “a bridge to the Aptos ecosystem.” It has been integrated through pre-installed applications such as the Petra Aptos wallet and Jambo App.

The Jambo App provides a Web3 experience with decentralized finance, gaming, and a suite of learning tools. Aptos Labs co-founder and CEO Mo Shaikh, formerly from Meta, said: 

“I’m inspired by JamboTechnology and the Aptos Foundation because it is core to what makes Web3 beautiful: opening the world to financial access, inclusion, and empowerment.”

Read more: An Ultimate Guide to Aptos Cryptocurrency (APT) and Its Network

Emerging markets such as Africa and Latin America are adopting crypto at a faster rate than their developed counterparts. However, much of this is largely due to a large unbanked population and economic pressures such as high inflation

Rivals Offerings and APT Price Reaction 

Rival network Solana also has a smartphone offering, but it is definitely not geared toward emerging markets, with a $450 price tag.

Nevertheless, BeInCrypto reported that pre-orders of the latest Solana device set to launch in 2025 were high after the company slashed the price of its latest model. 

APT prices gained a marginal 2.4% on the day to reach $10.22 at the time of writing. The token has now notched up 15% over the past week as crypto markets rally.

APT/USD 1 month. Source: BeInCrypto 
APT/USD 1 month. Source: BeInCrypto

Furthermore, the venture capital-backed blockchain network has not been without teething problems and outages

Aptos has also been aggressively flooding the market with token unlocks, which has kept prices depressed. 

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Martin Young
Martin Young is a seasoned cryptocurrency journalist and editor with over 7 years of experience covering the latest news and trends in the digital asset space. He is passionate about making complex blockchain, fintech, and macroeconomics concepts understandable for mainstream audiences.   Martin has been featured in top finance, technology, and crypto publications including BeInCrypto, CoinTelegraph, NewsBTC, FX Empire, and Asia Times. His articles provide an in-depth analysis of...