Opera, the global web innovator with over 319M users worldwide, unveils Minipay¹ — a new web3 payments wallet built on Celo. Offering instant and seamless financial transactions, MiniPay is integrated with the Opera Mini browser for Android users, making it easier and more affordable for individuals across the African continent to send and receive funds, all leveraging Celo’s core infrastructure benefits and features, including:
- Sub-cent gas fees (and the ability to pay for gas using ERC-20 tokens, e.g., stablecoins)
- Settlement in seconds (due to 5-second block times)
- Seamless access to Celo’s rich ecosystem of 1,000+ dApps, from locally-focused (e.g., impactMarket) to global decentralized finance (DeFi) blue chips (e.g., Uniswap)
- Celo’s mobile-first compatibility with SocialConnect (a privacy-first naming service protocol that maps wallets to mobile phone numbers) and FiatConnect (an open on-/off-ramp API standard)
- Tapping into Celo’s vibrant Africa community, with a strong focus on regenerative finance (ReFi), grown since mainnet launched on Earth Day 2020
Introducing MiniPay: Empowerment Through Innovation
Africa is experiencing poor infrastructure, high unemployment rates, and currency instability. Even the continent’s strongest currencies, such as the South African Rand, are considered one of the world’s most undervalued currencies. This presents a unique opportunity to offer a more stable way to store and send money using digital assets.