Tech
Opera Mini integrates USDC and USDT into its MiniPay crypto wallet
Opera Mini has updated its digital asset wallet, MiniPay, integrating two of the largest stablecoinsCircle’s USD Coin (USDC) and Tether (USDT).
Since its launch in September last year, MiniPay has amassed up to 3 million users. The latest enhancement will simplify and expand the wallet app’s capabilities, making it even more versatile and likely attracting more users.
Opera Mini Powers Up MiniPay
One of the main features of this update and the introduction of PocketsFirst, this feature allows users to easily switch between USDT, USDC and Celo Dollar (cUSD) with a simple drag-and-drop motion.
It even eliminates the need for complex transactions and high gas fees to offer a simple and convenient way to manage stablecoins.
According to Jørgen Arnsen, EVP Mobile at Opera, this development aims to make stablecoin transactions as easy as possible. It ensures that users never have to worry about hidden costs or transaction fees.
MiniPayment, launched in September 2023, it is based on the Celo blockchain and initially only used the cUSD stablecoin, a stablecoin pegged to the US dollar.
Opera first launched the wallet in Africa, targeting regions with limited fixed internet access and high mobile data costs. These areas enabled Opera to provide blockchain-based peer-to-peer payment solutions.
Arnsen noted that many African consumers have issues with local payment methods. These include unreliable service, lack of transparency and high fees, which MiniPay aims to address.
Additional Features and Impact
In addition to the new Pockets feature, MiniPay has added a Discover the page for DAppThe main purpose of this page is to organize and provide direct access to various native DApps, including savings apps, universal basic income tools, and games.
The improvement further enriches the user experience, making it easier for users to explore and use a range of blockchain-based services.
Meanwhile, MiniPay has gained significant traction since its inception, with over three million wallet activations in countries such as Nigeria, Kenya, South Africa, and Ghana. This rapid growth demonstrates the region’s high demand for reliable and convenient digital wallets.
Furthermore, Arnsen highlighted that Africa’s young, tech-savvy population and widespread smartphone adoption make the country a prime market for digital financial solutions.
With nearly 100 million users, Opera Mini is already the most downloaded mobile browser in Africa, demonstrating the company’s strong presence and influence on the continent.
Interestingly, Africa has emerged as a major hub for digital asset adoption, driven by its young and rapidly growing population.
Reports from sources including BitcoinAfrica.ioindicate that countries like Nigeria, South Africa, Kenya, Ghana and Zimbabwe are at the forefront of Bitcoin adoption in Africa.
This trend highlights the continent’s significant interest in cryptocurrencies and how willing to embrace blockchain technology.
Disclaimer: The views expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile and high-risk asset class.
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