Opera has introduced MiniPay, which is a digital wallet based on blockchain technology. This wallet is built using the Celo blockchain and is directly integrated into the Opera Mini web browser.
MiniPay is designed to simplify and make it cheaper for people in Africa to get, send, or receive stablecoins, which are digital currencies with a stable value. Users can do all of this just by using mobile phone numbers.
Opera is using the advantages of Celo’s mobile-friendly blockchain system to provide a better and easier-to-use wallet for regular people. They are initially focusing on making it quick and smooth for people to send stablecoin payments to each other.
MiniPay makes it simple for anyone to use by connecting to their Google account during setup. This way, users can easily transfer digital assets and learn about blockchain transactions, even if they’re not familiar with cryptocurrencies.
MiniPay takes care of important things like securely storing your digital keys by automatically backing them up in Google Drive, so users can easily recover wallets.
The main focus of MiniPay is to provide a fast, reliable, and inclusive financial tool for people in Africa. It’s designed to work seamlessly with local payment methods like Airtime, MPesa, Bank Transfers, or Cards, thanks to partnerships with local companies.
MiniPay is a non-custodial wallet, which means it doesn’t rely on traditional banks. Instead, it partners with local services so users can easily add or withdraw stablecoins in their local currency.
It will also support Celo’s FiatConnect standard, which makes it even easier to exchange stablecoins and will further improve the Cash-In-Cash-Out experience globally.
Opera started its operations in Africa 17 years earlier and now has over 100 million users on the continent. The launch of MiniPay will begin in the coming months and will first start in Nigeria.
Jørgen Arnesen, the executive vice president for mobile at Opera, commented that “Users in Nigeria, Kenya, Ghana, and South Africa have indicated that there are lingering concerns about high fees, unreliable service uptimes, a lack of transparency around transaction progress, and a lack of access to mobile data.”
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