Opera MiniPay Reveals V2 and ‘Pockets’ for Multi-Stablecoin Swaps
Blockchain-based wallet Opera MiniPay has launched its second version, going multi-stablecoin and introducing Pockets for stablecoin swaps.
The press release describes MiniPay as a super-lite (2mb) stablecoin wallet built on the Celo blockchain. It enables fast stablecoin mobile transfers across Africa.
The MiniPay V2 has revealed Pockets, a new feature created in partnership with the EVM-compatible stablecoin platform Mento Labs.
This feature enables “one-click swaps” between three stablecoins. In addition to cUSD, the wallet has now integrated Tether’s USDT and Circle’s USDC.
Notably, USDT and USDC represent over 85% of the total stablecoin market. They have a strong existing user base in countries throughout Africa.
Therefore, adding these two vastly popular stablecoins allows new use cases to be developed and simplifies onboarding.
Additional benefits include providing users with more flexibility and access to this category of digital assets, as well as a broadened network of on- and off-ramp providers to increase cash-in and out options.
As a result, users can easily and quickly switch or swap between cUSD, USDC, and USDT by “dragging from one pot and dropping into another.”
This is enabled through the new ‘Drag & Swap’ functionality, allowing users to drag one pocket into another.
The fees are “sub-cent,” and there are no hidden costs, the announcement said.
The team behind it remarked that Pockets “will optimize digital currency management while further delivering on MiniPay’s commitment to making Web3 solutions accessible to all.”
Mento Labs CEO Markus Franke commented that “MiniPay Pockets enable seamless transactions with stablecoins to onboard users to the digital economy.”
Besides the Pockets feature, MiniPay unveiled
