Opera’s MiniPay has partnered with Transak to make stablecoins easier to use in over 50 countries. Celo Dollar (cUSD), Tether (USDT) and USD Coin (USDC) are types of digital currencies, also called stablecoins that enable international payments to be paid without the normal high fees and prolonged slow processing time.
With this partnership, users can buy and sell stablecoins through different credit card, Google Pay and Apple Pay payment methods. The transactions for now are totally fee free for a limited time so people can try out stable coins without having to think about extra fees.
MiniPay is a simple app built on the Celo blockchain which converts users local money to stable coins and vice versa. The app is super light (2MB) and especially loved throughout places where people may not easily get to traditional banking. In fact, users can start with as little as a $5 investment in stable coins.
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In some areas, MiniPay is also resolving the issue for people to pay bills directly from the app without incurring any extra fees. Consequently, this is a cheap option for individuals to use digital money in their day to day life like payments for bills and transferring money across borders.
Global Director of Sales at Transak, Carlo de Luca Gabrielli states, “We believe financial tools should be accessible to everyone, everywhere. By joining forces with MiniPay, we’re not only making digital finance affordable but also promoting inclusiveness for communities that need it the most.”
Jørgen Arnesen, Opera, showed enthusiasm on working with Transak as it enables MiniPay to provide more local payment options and continue to make cross border money transfers cheaper and faster.
As a result of this partnership, more people from around the globe will be able to use stablecoins easily and improve digital finance through the access of its services.
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