April 19, 2024
Opera Launches Stablecoin Wallet MiniPay in Africa
Altcoins News

Opera Launches Stablecoin Wallet MiniPay in Africa

Opera, the mobile web browser, has announced intentions to introduce a non-custodial stablecoin wallet that will be accessible to its African user base.

The web services provider unveiled the MiniPay wallet integration on September 13; it is based on the Celo blockchain and enables customers in Africa to transfer or receive stablecoins using their pre-existing mobile numbers.

https://twitter.com/CeloOrg/status/1701873293869957194

With 17 years of operations under its belt, Opera now has more than 100 million users on the African continent. The rollout of MiniPay will start in Nigeria in the upcoming months.

“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.”

Jørgen Arnesen, the executive vice president for mobile at Opera

The newly released MiniPay wallet will function with cent-sized fees, and users’ Google logins will be used to onboard and back up wallets.

In addition to standard bank transfers, it has connected with local payment mechanisms like Airtime and MPesa so that users can add and exchange stablecoins from their wallets into local money.

According to Arnesen, the Opera Mini browser was created expressly for Africa as a “unique, data-saving technology that allows users to surf the web and gain access to information without having to expend a major part of their monthly income.”

The integration, according to Celo, “opens the door” for new Ethereum-compatible dApps to be developed for MiniPay. Celo also has a sizable user base in Africa.

As the product rolls out, Arnesen also said that MiniPay will support the Mento stable asset cUSD, or Celo Dollar, which tracks the value of the USD on Celo.

“This way, we are not confusing users with multiple currencies at a time, as would be the case in a regular crypto wallet. “

Jørgen Arnesen

Opera revealed its latest generative artificial intelligence (AI) integration into its most recent browser release in April of this year. Users can receive “contextual prompts” for web pages or highlighted text through the in-browser AI function called AI Prompt.

It introduced a set of security tools in December of last year to safeguard customers against “malicious Web3 actors.”

Image: Freepik

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