Transak Fiat Infrastructure Live in Opera’s MiniPay App

Transak, a global fiat-to-crypto payments infrastructure vendor, has entered into a strategic collaboration with Opera's MiniPay, a popular end-user USD stablecoin wallet built on the Celo blockchain.

Crypto-to-fiat transfer and conversion infrastructure provider Transak has announced its integration with Opera’s dollar stablecoin wallet, MiniPay.

The partnership will enable Celo Dollar (cUSD), Tether USD (USDT) and USD Coin (USDC) operations through Transak’s fiat infrastructure.

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As part of the collaboration, on- and off-ramping with zero fees will be available for a limited time.

The move is intended to drive adoption by making cross-border payments more affordable.

Carlo de Luca Gabrielli, Global Director of Sales at Transak, commented:

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.

MiniPay offers near-instant, low-cost transfers of stablecoins with fees as low as $0.001 per transaction, thanks to the efficiency of the Celo blockchain.

With Transak’s product integrated, users can top up their MiniPay wallet by purchasing stablecoins directly with local currencies using various payment methods, including credit/debit cards, Google Pay and Apple Pay.

In addition, users are able withdraw funds by converting stablecoins into local currencies and transferring them directly to their cards and bank accounts.

Jørgen Arnesen, EVP of Mobile at Opera, said:

We’re thrilled to collaborate with Transak to offer MiniPay users a wider range of local payment options as we expand our stablecoin wallet to more countries worldwide. By eliminating fees, we’re breaking down financial barriers, making cross-border transactions and remittances more accessible and affordable, and driving the adoption of stablecoins even further.

Since its launch in September 2023, MiniPay has surpassed five million activated wallets, reflecting strong adoption and demand for low-cost, borderless transactions. The ultralight wallet has also achieved remarkable success in emerging markets.