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    Home»News»Opera Launches Non-Custodial Stablecoin Wallet, MiniPay, for African Users
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    Opera Launches Non-Custodial Stablecoin Wallet, MiniPay, for African Users

    Anietie DavidBy Anietie DavidSeptember 13, 2023Updated:September 13, 2023No Comments2 Mins Read
    Opera Launches Non-Custodial Stablecoin Wallet, MiniPay, for African Users
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    Opera, the web platform with over 100 million users in Africa, has unveiled a non-custodial stablecoin wallet integrated into its mobile web browser. This groundbreaking move aims to address the concerns of users in Nigeria, Kenya, Ghana, and South Africa, who have expressed dissatisfaction with high fees, service reliability issues, transaction transparency, and limited access to mobile data.

    We're excited to launch MiniPay built on @CeloOrg!

    MiniPay enables fast transfers with low fees powered by Web3.

    Built-in right inside Africa's most downloaded web browser Opera Mini.

    More details 👇 pic.twitter.com/Q7Q5iAzBGQ

    — minipay (@minipay) September 13, 2023

    The MiniPay wallet, developed on the Celo blockchain, is set to revolutionize the digital payments landscape in Africa. Users will have the ability to seamlessly send and receive stablecoins using their existing mobile numbers. This integration not only simplifies the user experience but also promotes financial inclusion in regions where access to traditional banking services can be challenging.

    Opera’s Executive Vice President for Mobile, Jørgen Arnesen, emphasized the company’s commitment to addressing the unique needs of the African market. He stated that users in Nigeria, Kenya, Ghana, and South Africa have indicated lingering concerns about high fees, unreliable service uptimes, a lack of transparency around transaction progress, and a lack of access to mobile data.

    MiniPay’s features are designed to enhance usability and accessibility for African users. The wallet will operate with sub-cent fees, ensuring cost-effective transactions for its users. Users can easily onboard and back up their wallets through their Google credentials, simplifying the setup process. MiniPay has integrated with local payment methods, including Airtime and MPesa, as well as traditional bank transfers. This enables users to seamlessly convert stablecoins to local currency and vice versa.

    Celo Welcomes Opera’s MiniPay Wallet

    Celo, which also boasts a strong user base in Africa, welcomes the integration with MiniPay. It sees this collaboration as an opportunity to expand the ecosystem of Ethereum-compatible decentralized applications (dApps) for MiniPay users. This development aligns with Celo’s vision of providing accessible and inclusive financial services.

    As the product launches, MiniPay will support the Mento stable asset cUSD (Celo Dollar), which tracks the value of the US Dollar on the Celo blockchain. Arnesen highlighted that this approach eliminates confusion for users by offering a single stable currency, as opposed to managing multiple cryptocurrencies.

    Africa Celo Celo Blockchain Opera
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    Anietie David

    Anietie has worked in the blockchain industry for three years, gaining experience in blockchain technology, cryptocurrencies, DeFi, and NFTs. As a seasoned content writer, he is passionate about creating effective content strategies for blockchain brands. In addition to content writing, he also has a strong interest in front-end development. When he's not working, he spends his time reading horror novels or playing CODM.

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