Transak and Opera MiniPay Expand Stablecoin Access Worldwide

• MiniPay users can purchase and trade stablecoins with no fees for a short period.
• The cooperation promotes stablecoin adoption by allowing for low-cost global transactions.

Transak has teamed up with Opera’s MiniPay-a stablecoin wallet built on the Celo blockchain enabling fiat-to-crypto payments without a hitch for its users in more than 50 countries. The integration of Celo Dollar (cUSD), Tether (USDT), and USD Coin (USDC) simplifies access for end-users. It enables them to use local payment options.

Reducing barriers to entry gives MiniPay users the opportunity to purchase and sell stablecoins for free. This offer is available for a short duration. This is targeting the efficiency of speed and cost of stablecoins on global remittances and everyday transactions.

MiniPay Expands Access to Stablecoin with Transak Partnership

MiniPay is making money transfer a fast and inexpensive operation with fees as low as $0.001 per transaction. Fees are based on how efficient Celo’s blockchain will be. A wallet and a phone number are all that are required to access stablecoins, available from anywhere in the world. In some markets, users can buy stablecoins for as little as five dollars. They can even pay bills without incurring any extra cost.

Transak’s Global Director of Sales Carlo de Luca Gabrielli underlines the impact of cooperation. “We believe that financial tools ought to be available to everyone everywhere,” he explained. Partnering with MiniPay will not only make digital finance accessible but will also open a door for the communities that truly need it.

MiniPay was launched in September 2023 and, during its first month of release, started showing rapid growth up to over 5 million active wallets. This 2 MB wallet is gaining popularity everywhere, mainly in emerging markets, as it is cheap and easy to use.

According to the EVP of Mobile at Opera, Jørgen Arnesen, it is very exciting to collaborate with Transak. “We will be able to offer MiniPay users a better range of payment options locally without fees. Eliminating fees creates financial barriers – cross-border transactions become more affordable and accessible for everyone.

Stablecoins are acting as a very important tool for international remittances and have become a more speedier and cheaper mode compared to the payment modes available. MiniPay and Transak through the elimination of fees are making stablecoins reachable for people, families, and companies using financial solutions for cross-border transactions.

This partnership shows how including such innovative solutions like Transak’s platform will be able to break down financial barriers that can accelerate the adoption of stablecoins across the world.