PUBLISHED Sept 13, 2023
-------------- POPULAROpera Launches MiniPay, a New Stablecoin Wallet Built on the Celo Blockchain
Opera has introduced MiniPay, a digital wallet that uses blockchain technology from Celo. MiniPay is a feature inside the Opera Mini browser. It helps people in Africa to easily and cheaply get and send stablecoins. All they need is a mobile phone number.
Opera is using Celo's mobile technology to create a new and improved wallet experience for everyday people. They are making it really easy and quick to pay with stablecoins when you want to send money to someone else.
Opera and the Celo Foundation worked together to create MiniPay. It allows people to transfer stablecoins quickly between their wallets using mobile phone numbers and only charges a fraction of a cent. Plus, it has an easy setup process and automatically saves wallet information through Google.
We aim to overcome obstacles and make it easier for users to move from Web2 to Web3. Our goal is to provide a reliable method for storing and sending funds using stablecoins.
MiniPay makes it simple for users to get started by using their Google login. This ensures that everyone can quickly transfer digital assets and easily understand how to use Web3 transactions. On the other hand, many wallets that don't require custody of crypto assets need users to be knowledgeable about cryptocurrencies.
The main reasons why people lose their digital assets are because managing the encryption keys can be complicated, and they tend to forget the secret recovery phrase and passwords.
The aim of MiniPay is to make decentralized wallets easy to understand and use, so that people with any level of experience can make transactions.
MiniPay automatically saves the user's keys in their Google Drive. This allows users to get back their wallet if they lose their phone or reinstall the app. The wallet is really fast and dependable, and it helps people in Africa with their finances. It is a must-have for many users. Opera makes things simple by partnering with the most popular companies in the market and allowing users to make payments using local methods like Airtime, MPesa, Bank Transfer, or Cards.
MiniPay is a wallet that doesn't use traditional banks and works with local partners. You can put stablecoins in and take them out as your local money.
MiniPay will also work with Celo's FiatConnect system, which is becoming more popular and has many partners. This will make it even easier for people to deposit and withdraw money worldwide. Furthermore, Celo's main technical characteristics, which MiniPay is based on, consist of low transaction fees (less than a cent) and the option to pay fees with stablecoins.
The transactions are completed quickly, taking only 5 seconds to settle. You can easily use Celo's variety of more than 1,000 dApps. These include local UBI applications like impactMarket and global DeFi applications like Uniswap. Celo is compatible with SocialConnect, which is a privacy-first protocol that links wallets to mobile phone numbers. It is also compatible with FiatConnect, which is an API standard that makes it easier to deposit and withdraw real money.
Using Celo's active African community and focusing on regenerative finance, which has been expanding since the mainnet started on Earth Day 2020. After a vote by the Celo community in July, they decided to move from a Layer-1 blockchain to an Ethereum Layer-2. This means that the Celo network will be updated to become more secure and scalable. At the same time, it will keep the fees for transactions on the network low. This change will allow more real-world applications to be built on the Ethereum platform.
MiniPay will soon be accessible to users of Opera Mini in Africa, starting with its introduction in Nigeria. Opera has released MiniPay, a wallet for stablecoin, which is built on the Celo blockchain.
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