Opera Minipay Wallet crosses one million users
Opera, in partnership with Celo and Mento Labs, has achieved a significant milestone by surpassing 1 million users of the Opera MiniPay wallet in Nigeria, Kenya, and Ghana.
MiniPay is a dollar stablecoin wallet that is self-custodial and seamlessly integrated into the Opera Mini browser for Android users. It is built on the Celo blockchain, allowing users to save, send, and receive funds instantly on their mobile phones with minimal transaction fees.
Celo and Mento Labs are committed to onboarding millions of users to Web3 in Africa by providing accessible financial tools through MiniPay within the Opera Mini browser.
The MiniPay wallet is designed to be user-friendly for individuals of all experience levels to access the benefits of decentralized finance. By offering a familiar Web2 experience, MiniPay simplifies the process of acquiring, sending, and receiving Mento cUSD stablecoins through mobile phone numbers, as stated by Charles Hamel, Product Director of MiniPay.
The joint statement from the three companies highlights MiniPay’s mission to leverage decentralized finance (DeFi) to offer accessible financial tools and onboard millions of users in Africa to Web3. With its stablecoin wallet integrated into the Opera Mini browser, MiniPay facilitates fast, easy, and cost-effective payments with sub-cent fees through the Celo network. Currently available in Nigeria, Kenya, and Ghana, MiniPay plans to expand its services to South Africa and beyond.
The collaboration between MiniPay, Celo, and Mento Labs is based on a common goal of promoting financial inclusion and economic stability in Africa. By incorporating Mento decentralized cUSD stablecoins into the MiniPay platform, users can benefit from features such as reduced currency volatility and a secure store of value. This partnership is particularly significant in areas impacted by hyperinflation and economic instability, where stablecoins offer a decentralized and accessible alternative to traditional financial services.
Jason Rodrigues, Head of Founder Programs at the Celo Foundation, expressed enthusiasm for the joint effort to advance the shared mission of fostering prosperity for all through Opera MiniPay. This strategic alliance enables real-world users to access a range of inclusive financial tools in a seamless, efficient, and dependable manner.
Markus Franke, CEO of Mento Labs, also shared excitement about supporting the MiniPay expansion, which aims to deliver affordable and accessible financial services to Opera’s African user base. With a focus on speed, reliability, and financial inclusivity, MiniPay provides users with a secure and transparent means to store and transfer funds using stablecoins.
