Transak Partners with Opera’s MiniPay to Increase Accessibility of Stablecoins Across More Than 50 Nations

A leader in global fiat-to-crypto payment services, Transak has announced a partnership with Opera's MiniPay, a digital wallet designed for dollar stablecoins on the Celo blockchain. This collaboration enhances MiniPay’s functionality for facilitating seamless on- and off-ramping of cUSD, USDT, and USDC stablecoins, allowing for a more diverse selection of local payment methods across 50+ nations.

According to Carlo de Luca Gabrielli, Transak's Global Director of Sales, 'We are committed to making financial tools available to everyone everywhere. Partnering with MiniPay allows us to make digital finance not only more affordable but also to foster inclusivity in communities that truly need it.'

Thanks to this partnership, users can experience fee-free on- and off-ramping for a limited time, thus lowering financial barriers and encouraging participation in the stablecoin economy. stablecoins This initiative aims to make cross-border payments more economical and accessible, removing the typical expense hurdles. The zero-fee approach encourages individuals to tap into the benefits of stablecoins, which include nearly instantaneous transactions and settlements, devoid of the usual complexities.

MiniPay allows near-instantaneous and cost-effective transfers of stablecoins, with transaction fees as low as $0.001, leveraging the efficiency of blockchain technology. Getting started is straightforward, with only an email address and phone number required, making it user-friendly for anyone interested in using stablecoins. In certain markets, individuals can start with an investment as low as five dollars, broadening accessibility. Additionally, in select areas, users can pay their bills without any extra charges. Celo Users can load their MiniPay wallets by buying stablecoins directly with their local currencies through various payment methods like credit/debit cards, Google Pay, and Apple Pay. They can also convert stablecoins back into local currencies and transfer them to their bank accounts or cards.

MiniPay Reaches 5 Million Wallets, Strives to Enhance Cryptocurrency Adoption with Transak Partnership

Since launching in September 2023, MiniPay has successfully activated over 5 million wallets, showcasing strong interest in low-cost, borderless transactions. This compact wallet, only 2MB in size, has gained popularity in emerging markets, aligning with Transak’s vision of democratizing Web3 access without central custody.

The partnership with Transak consolidates MiniPay’s commitment to simplifying access to stablecoins and propelling their mainstream acceptance.

Stablecoins are increasingly utilized for remittances, serving as a reliable alternative to traditional payment options. The removal of fees eliminates barriers that typically slow down and inflate the cost of cross-border transactions. MiniPay makes it possible for users to conduct quick and affordable money transfers internationally, presenting an invaluable solution for families, businesses, and individuals seeking efficient financial tools.

Jørgen Arnesen, EVP of Mobile at Opera, expressed excitement over collaborating with Transak, stating, 'By providing MiniPay users with a broader selection of local payment methods as we expand our wallet's presence worldwide, we are breaking financial barriers and simplifying cross-border transactions and remittances, facilitating a deeper integration of stablecoins into everyday life.'

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