Opera Introduces MiniPay Stablecoin Wallet in the African Market

Opera, the popular web platform, has unveiled its innovative plan to introduce a non-custodial stablecoin wallet seamlessly integrated into its mobile web browser. This exciting development is set to cater specifically to Opera’s user base in Africa, offering them a secure and user-friendly digital wallet experience.

Scheduled for launch in the near future, the MiniPay wallet integration is built on the robust Celo blockchain. This novel addition empowers users across Africa to effortlessly send and receive stablecoins, all by leveraging their existing mobile numbers.

With a history spanning 17 years of operation in Africa and a massive user base exceeding 100 million on the continent, Opera is uniquely positioned to revolutionize the digital payment landscape. The initial rollout of MiniPay will commence in Nigeria, providing a promising start to its African journey.

Jørgen Arnesen, the Executive Vice President for Mobile at Opera, emphasized the importance of this initiative, stating, “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.”

MiniPay addresses these concerns head-on by operating with minimal sub-cent fees. It also offers the convenience of onboarding and backing up wallets through users’ Google credentials. Moreover, the wallet has seamlessly integrated with local payment methods such as Airtime and MPesa, as well as traditional bank transfers, enabling users to easily convert stablecoins to their local currency and vice versa.

Arnesen elaborated on the company’s commitment to the African market, highlighting Opera’s data-saving technology through the Opera Mini browser. This technology enables users to access information and surf the web without incurring exorbitant data charges, making it an essential tool for users looking to maximize their monthly income.

Celo, the underlying blockchain for MiniPay, boasts a substantial user base in Africa. This integration is expected to open doors for more Ethereum-compatible decentralized applications (dApps) tailored for MiniPay users.

Arnesen also revealed that during the initial stages of its launch, MiniPay will exclusively support the Mento stable asset cUSD or Celo Dollar. This stablecoin mirrors the value of the US dollar on the Celo blockchain, ensuring a simplified user experience without the complexity of managing multiple currencies.

In a previous announcement earlier this year, Opera introduced generative artificial intelligence (AI) integration in its browser update. This in-browser AI feature, known as AI Prompt, provides users with contextual prompts for web pages or highlighted text, enhancing their overall browsing experience.

Furthermore, Opera is dedicated to enhancing user security. In December of the preceding year, it rolled out a suite of security tools aimed at safeguarding users against malicious actors in the evolving Web3 landscape. This commitment to security further underscores Opera’s mission to provide a safe and feature-rich browsing and digital wallet experience for its users in Africa and beyond.

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