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- 1 For quite some time, Opera has been taking the initiative to establish itself in the crypto space.
- 2 With that in mind, it recently announced the MiniPay wallet that will process P2P stablecoin transactions in Africa.
- 3 According to market analysts, this move will keep Opera one step ahead in the crypto revolution.
Released in 1995, Opera is one of the established web browsers. It has been around for quite some time and has established a niche for itself. It works on all the major operating systems that run on computers and mobile phones. Since its launch, the browser has gone through many upgrades. It has a dedicated gaming-oriented version as well as a blockchain-focused crypto browser. It has added another feather to its cap of achievements that bring it closer to decentralization.
Opera’s Stablecoin Wallet MiniPay in Africa
Opera took its crypto-friendly advancement a notch above this time. It introduced a non-custodial stablecoin wallet targeting African users. The wallet called MiniPay will execute P2P stablecoin transactions using the Celo blockchain. As per the announcement on September 13, it would be integrated into the mobile web browser.
It would allow all the African stablecoin users to send and receive their assets. Notably, Opera has a gigantic user base of 100 Million only in the dark continent. The executive vice president for mobile at Opera, Jorgen Arnesen gave details about the event. He said the wallet will be launched in the next few months. The browser will first launch it in Nigeria and will then spread its wings to other locations.
He provided more details on the functionality of the wallet. He revealed that the MiniPay wallet will work with sub-cent fees. The backup and onboard wallets will be accessible with the Google credentials of the user. In addition, it has also integrated local payment methods to facilitate transactions in a scalable fashion. They include the likes of M-Pesa and Airtime along with traditional bank transfers.
The wallet will let users convert stablecoin into the local currency as well. Arnesen told the media that MiniPay is a unique and multipronged solution. It will save data when users surf the internet and will give them valuable information too. Furthermore, Celo, the underlying blockchain is already quite popular in Africa. It will also accept more Ethereum-compatible dApps; opening more possibilities for the users.
Unveiling some future plans, Arnesen said that MiniPay will support stable Celo Dollar (cUSD) as well. Notably, cUSD follows the value of the US dollar. According to him, the wallet will simplify the usage of multiple currencies from a single application. Back in April, Opera revealed its plans to integrate a new generative AI feature into it.
The AI feature called AI Prompt will animate the webpages and highlight text exceptionally. Moreover, it launched a suite of security tools in 2022. Its aim is to protect users against malicious spammers in the Web3 space.
What Does This Update Mean For the Crypto Space?
A well-established web browser’s entry with a full-scale service is indeed significant. On top of that, the wallet is high-end and brings so many possibilities to crypto users. The highlights of the platform make it very promising for every digital asset holder. In fact, experts say that they won’t be surprised if it’s launched globally soon. That is exactly what lots of crypto enthusiasts are hoping for.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
