- Opera MiniPay Momentum continues following the successful launch of MiniPay in Nigeria, Kenya and Ghana.
- MiniPay empowers users to save, send, and receive funds instantly on their mobile phones with very low transaction fees.
- With a mission to onboard millions of users to Web3 across Africa, Celo and Mento Labs aim to provide accessible financial tools through MiniPay embedded in Opera Mini.
In collaboration with Celo and Mento Labs, Opera has announced a significant achievement: surpassing 1 million users of the MiniPay wallet across Nigeria, Kenya, and Ghana markets.
This milestone for the global web innovator was marked today at the Africa Money and DeFi Summit, taking place on February 14-15 in Nairobi, Kenya.
Launched in 2006, Opera Mini has unique features such as data compression, offline file sharing, and a built-in ad-blocker. MiniPay is a self-custodial dollar stablecoin wallet seamlessly integrated into the Opera Mini browser for Android users and built on the Celo blockchain.
MiniPay empowers users to save, send, and receive funds instantly on their mobile phones with very low transaction fees.
With a mission to onboard millions of users to Web3 across Africa, Celo and Mento Labs aim to provide accessible financial tools through MiniPay embedded in Opera Mini.
MiniPay’s Mission and Solutions
MiniPay’s mission is to harness the benefits of decentralized finance (DeFi) to provide accessible financial tools and onboard millions of users in Africa to Web3. MiniPay enables fast, easy, affordable payments through its stablecoin wallet integrated into the Opera Mini browser.
MiniPay is currently live in Nigeria, Kenya, and Ghana, offering sub-cent fees through the Celo network, with plans for expansion into South Africa, and more.
Opera MiniPay Partnership with Celo and Mento Labs
The shared vision of financial inclusion and economic stability in Africa drives the strategic partnership between MiniPay, Celo, and Mento Labs.
Mento decentralized cUSD (Celo Dollar) stablecoins, integrated into the MiniPay ecosystem, offer multiple advantages, including mitigating currency volatility and providing a reliable store of value.
This is especially crucial in regions affected by hyperinflation and economic uncertainty, where stablecoins present a decentralized and accessible alternative to traditional financial services.
“The MiniPay wallet has been designed to be intuitive for users of all experience levels to reap the benefits that decentralized finance can bring. Via a familiar Web2 experience, MiniPay makes it easier and more affordable for individuals across Africa to acquire, send, and receive Mento cUSD stablecoins – simply by using mobile phone numbers,” said Charles Hamel, Product Director, MiniPay.
“The Celo community is thrilled to support the growth of our shared mission, to create the conditions of prosperity for all, through Opera MiniPay. This partnership allows real-world users access to a variety of inclusive financial tools in a seamless, fast, and reliable way,” said Jason Rodrigues, Head of Founder Programs at the Celo Foundation.
“Mento Labs is excited to support the MiniPay rollout that aims to provide affordable and accessible financial services to Opera’s user base in Africa. Focusing on speed, reliability, and financial inclusivity, MiniPay gives users a secure and transparent way to easily store and send funds using stablecoins,” added Markus Franke, CEO at Mento Labs.
Mento Labs and decentralized finance (DeFi)
Mento Labs stands at the forefront of innovation in decentralized finance (DeFi), serving as the driving force behind Mento, an Ethereum Virtual Machine (EVM) platform dedicated to the launch and management of stable assets.
Currently, Mento facilitates the operation of four decentralized stable assets: cUSD, cEUR, cREAL, and eXOF. These assets not only provide stability in volatile markets but also unlock a myriad of real-world applications for digital currencies.
As pioneers in the field, Mento Labs specializes in tailoring solutions to meet partners’ unique needs, offering a comprehensive suite of tools for the seamless launch and management of digital assets on a global scale.
With Mento Labs, the digital finance landscape is transforming towards increased accessibility and utility. By harnessing the power of blockchain technology, Mento is expanding the reach of financial services and paving the way for a more inclusive and decentralized financial ecosystem.
As Mento continues to evolve and innovate, it promises to empower individuals and businesses alike, unlocking new possibilities for utilising digital assets in everyday transactions and financial operations.
Read also: Nigerian Central Bank lifts restrictions on Crypto transactions
