Transak, a company that helps people convert fiat currency to cryptocurrency, has teamed up with Opera’s MiniPay, a wallet for stablecoins built on the Celo blockchain.
This partnership lets users easily buy and sell stablecoins like Celo Dollar (cUSD), Tether (USDT), and USD Coin (USDC) in over 50 countries with a variety of payment options.
As part of this partnership, there are no fees for these transactions for a limited time, making it easier and cheaper to use stablecoins for international payments. The goal of this zero-fee offer is to let more people try out the quick, simple cross-border payments that stablecoins offer, without needing to deal with complicated features.
MiniPay offers quick, low-cost transfers with fees as low as $0.001 per transaction. Users only need an email and phone number to start using it, and in some areas, they can buy as little as five dollars worth of stablecoins.
In some markets, its even more convenient for users. They can pay their bills without any fees. This is possible because they can easily buy stablecoins with their local currency.
To buy the stablecoins, users can choose from payment methods like credit cards, Google Pay, or Apple Pay. Once they have stablecoins in their MiniPay wallet, they can convert them back into local currency whenever they need. The funds can then be transferred directly to their bank account or card.
Carlo de Luca Gabrielli, Global Director of Sales at Transak, says, “We believe financial tools should be accessible to everyone, everywhere. By joining forces with MiniPay, we’re not only making digital finance affordable but also promoting inclusiveness for communities that need it the most.”
The ultralight (2MB) wallet has been especially successful in emerging markets, which aligns with Transak’s goal of making web3 accessible to everyone. The partnership with Transak helps MiniPay make stablecoins easier to access, encouraging more people to use them.
Jørgen Arnesen, EVP of Mobile at Opera, shared his excitement about the partnership, saying that with Transak, they can offer MiniPay users more local payment options as they expand their stablecoin wallet to more countries. By removing fees, they’re making cross-border transactions and money transfers easier and cheaper, helping more people use stablecoins.
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