Opera has set a new standard in consumer-grade wallet experience by introducing MiniPay, a blockchain-based wallet. Built on the Celo blockchain and integrated directly into the Opera Mini browser, MiniPay aims to revolutionize peer-to-peer (P2P) stablecoin payments across Africa. This innovative solution makes acquiring, sending, or receiving stablecoins easy and affordable using mobile phone numbers.
Introducing Opera’s MiniPay: Revolution in P2P Payments
Opera collaborated with the Celo Foundation to design and build MiniPay, enabling rapid wallet-to-wallet stablecoin transfers with sub-cent fees. The user-friendly onboarding process, including an automatic wallet backup through Google, marks a significant shift from complex non-custodial wallets. MiniPay targets users of all experience levels, making decentralized wallets intuitive and secure.
Opera and Celo’s Shared Vision for Financial Inclusion
Both Opera and the Celo Foundation share a common vision—for financial inclusion and empowerment. Opera’s substantial presence in Africa, with over 100 million users on the continent, is set to create a significant impact. Integrating MiniPay into the Opera Mini browser enables Opera users across Africa to experience fast and transparent transactions on the Celo blockchain, expanding to dApps and projects built on the Celo network.
Building the Future with MiniPay and Celo’s Technical Upgrade
Following a community-led decision to transition from a Layer-1 blockchain to an Ethereum Layer-2, the Celo network will see improved security and scalability. This migration also signifies opportunities for more Ethereum-compatible dApps to be built for MiniPay, driving the evolution of on-chain finance towards community advancement and inclusion in the new digital economy.
In conclusion, Opera’s MiniPay is poised to redefine P2P payments and make investments in cryptocurrencies more accessible, secure, and affordable. This tech giant’s latest partnership with the Celo Foundation not only aligns their shared vision of financial inclusion but also underscores the power of collaborative innovation in shaping the future of digital finance.
Don’t miss our latest Startup News: Stefanini Group Boosts Market Position with Solve.it Acquisition