Fun

Opera Mini’s crypto wallet MiniPay now offers USDT and USDC

News Feed - 2024-07-04 03:07:24

Helen Partz2 hours agoOpera Mini’s crypto wallet MiniPay now offers USDT and USDCSince launching in September 2023, Opera Mini’s MiniPay app has amassed three million users.3085 Total views14 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksMajor technology conglomerate Opera is upgrading the cryptocurrency wallet on its mobile browser Opera Mini by integrating the largest stablecoins on the market, Tether’s USDT and Circle’s USDC.


MiniPay, a stablecoin-based self-custodial wallet built into Opera Mini, is rolling out Pockets, a new feature enabling one-click swaps between the Celo dollar (cUSD) and the newly integrated stablecoins.


Pockets will allow MiniPay users to easily switch between USD Coin (USDC), Tether (USDT) and cUSD, with “sub-cent fees and no hidden costs” using a drag-and-drop motion, according to a May 3 announcement.Source: MiniPay


“This feature abstracts assets swapping in Web3, allowing users to effortlessly swap between all 3 stablecoins by simply dragging coins between virtual pockets, never having to worry about gas fees,” Jørgen Arnesen, executive vice president of Mobile at Opera, told Cointelegraph.Most wallet consumers are concerned about high transaction fees


Launched in September 2023, MiniPay is built on the Celo blockchain and uses Mento’s stablecoin cUSD, which is pegged to the value of the United States dollar. The wallet extension was initially rolled out in Africa to help local nations send and receive stablecoins using a mobile number.


“Given the lack of fixed internet access and high internet costs, we recognized the significant potential of blockchain-enabled peer-to-peer solutions within the continent,” Arnesen said, adding:


“Our research showed that most consumers had concerns over the high fees, unreliable service uptimes, and lack of transparency around transaction progress associated with local payment options. While high mobile-data costs were and still are an omnipresent issue.”


In addition to the new Pockets feature, MiniPay launched a Discover Page for the decentralized applications (DApps) integrated within the wallet. The page is designed to organize multiple native DApps, allowing users direct access to tools such as Universal Basic Income protocols, savings applications and games.MiniPay sees significant growth in Africa


Since its launch in 2023, MiniPay has seen over three million wallet activations across Nigeria, Ghana, Kenya and South Africa, becoming one of the fastest-growing digital wallets on the continent.


Opera Mobile exec Arnesen stated that Africa has long been a mobile-first continent with a young population and widespread smartphone adoption.


“Today, Opera Mini is the most downloaded mobile browser in Africa with nearly 100 million users,” he noted.


Related:Nigeria urged to adopt crypto regulations inspired by Europe


Africa has been quickly emerging as a continent with significant interest in cryptocurrency. With one of the youngest and fastest-growing populations in the world, Africa has massive potential for digital asset adoption.


According to BitcoinAfrica.io, South Africa, Nigeria, Zimbabwe, Kenya and Ghana were the top five African countries adopting Bitcoin in 2023.


Related:Could a financial crisis end crypto’s bull run?# Altcoin# Business# Wallet# Africa# Payments# OperaAdd reaction

News Feed

Prashant Jha12 hours agoUK government rejects lawmaker’s call to treat crypto like gamblingThe government added that it is already working on regulating the crypto market, and proposed legislation was put before parlia
New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender
New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained t
Regulator in UAE’s Special Economic Zone Unveils Consultation Paper on ‘Crypto Tokens’
Regulator in UAE"s Special Economic Zone Unveils Consultation Paper on "Crypto Tokens" The regulatory arm of the United Arab Emirates (UAE)’s special economic zone, the Duba
Crypto coalition calls for ‘clear rules of the road’ from Biden, Harris
Brayden Lindrea7 hours agoCrypto coalition calls for ‘clear rules of the road’ from Biden, HarrisSome of the CMIC members in support of the letter include Robinhood, BitGo, OKX, Gemini, Chainalysis, Elliptic, TRM, Ka
Binance Joins Governance Council of Kakao’s Klaytn Blockchain
Binance has joined the governance council of Kakao’s Klaytn blockchain network as the project scrambles for partners and “use cases” and seeks to building its legitimacy.
Reggie Middleton Reaches $9.5 Million SEC Settlement Over ICO Fraud
The U.S. Securities and Exchange Commission (SEC) said it has reached a settlement with Reggie Middleton, organizer of the fraught $14.8 million Veritaseum (VERI) initial coin offering (ICO).
Skeptics Concerned Plustoken Scammers Plan to Dump $187M Worth of Ethereum
Skeptics Concerned Plustoken Scammers Plan to Dump $187M Worth of EthereumCrypto market skeptics and speculators are concerned about 789,000 ETH that started moving four days ago la
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 2-Week Lows, Ahead of US Midterms 
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 2-Week Lows, Ahead of US Midterms  Bitcoin fell below $20,000 on Tuesday, as markets prepared for the U.S. midterm elections. Cr
While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%
While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It"s Closer to 200% Inflation has skyrocketed in Turkey as official figures from the Turkish St
Litecoin Comeback: LTC Breaks Free And Guns For $400
Este artículo también está disponible en español. Litecoin (LTC) has lately been experiencing significant momentum as it emerges from a protracted downtrend, causing quit
US Lawmakers ‘Deeply Concerned’ That SEC Is Enacting Rules Too Quickly, Without Sufficient Feedback
US Lawmakers "Deeply Concerned" That SEC Is Enacting Rules Too Quickly, Without Sufficient Feedback Two U.S. lawmakers have requested answers from the Securities and Exchange Commi
HashKey OTC secures in-principal license approval in Singapore
Zhiyuan Sun4 hours agoHashKey OTC secures in-principal license approval in SingaporeIts parent company, HashKey Group, attained unicorn status in January with a $100 million Series A funding round at a valuation of $1.2