MiniPay brings one-click stablecoin swaps to users via new feature Pockets

by

As a crypto investor with experience in the African market, I’m excited about MiniPay’s latest feature, Pockets. The addition of USDT and USDC stablecoins with one-click swaps is a significant development for MiniPay users in Nigeria, Kenya, South Africa, and Ghana.

MiniPay, a digital wallet running on the Celo blockchain, now offers compatibility with USDT and USDC stablecoins through its latest feature called “Pockets.”

As a market analyst, I’m excited to share that Pockets, an upgrade announced on Wednesday, now offers one-click stablecoin swaps for MiniPay, which is Opera’s non-custodial wallet specifically designed for stablecoins. Currently accessible in the African markets of Nigeria, Kenya, South Africa, and Ghana, this feature enhancement aims to streamline transactions within these regions.

MiniPay’s hits milestone with Pockets launch

For users of Pockets, MiniPay now introduces an innovative feature: the capability to effortlessly switch between Celo Dollar (cUSD) and the leading stablecoins, USDT and USDC.

“MiniPay and Mento Labs, the creators of the EVM blockchain’s development platform, have teamed up to introduce a fresh new feature.”

As a crypto investor using Mento, I can easily switch between various decentralized stable assets like cUSD, cEUR, cREAL, eXOF, and cKES. This functionality is made possible through Mento’s integration with Pockets’ new “Drag & Swap” feature. To execute a swap, all I need to do is drag one pocket into another, incurring minimal sub-cent fees for the transaction.

In a comment on Pockets’ launch, Mento Labs CEO Markus Franke said:

As a researcher studying the innovative solutions in the digital economy, I’m excited to share that MiniPay Pockets simplify transactions using stablecoins, making it easier for newcomers to join this digital realm. Mento Labs takes great pride in empowering MiniPay users with hassle-free and swift stablecoin exchanges on our Mento Platform.

Bringing Web3 technology to users

As the use of stablecoins increases in various markets, Pockets represents a significant advancement that may foster even greater expansion in the Web3 sector. Following MiniPay’s successful expansion from Nigeria into Kenya, Ghana, and South Africa, Pockets is poised to make a substantial impact.

As a researcher studying the MiniPay team’s latest announcement, I can share that over 3 million MiniPay wallets have been activated by users across four African countries within the past year. This significant milestone underscores the burgeoning popularity of stablecoin payments and transfers in this region.

Right from the start, MiniPay has been committed to keeping things simple while giving people financial control. Our partnership with Mento to develop Pockets is yet another significant move towards achieving this goal… We’re making complex Web3 technologies more approachable and user-friendly for individuals in the African region who are currently using Web2 platforms.

MiniPay also offers Discover Page

As a crypto investor, I’ve discovered that MiniPay, just like Pockets, provides me with the ability to access decentralized applications (dApps) directly from their wallet interface. The user-friendly Discover Page feature simplifies my dApp browsing experience.

“With integration capabilities, Discover Page simplifies the process of accessing native dApps for users, enabling them to utilize Web3 technology in their daily life tasks, like paying bills or utilities.”

From a research perspective, I’ve observed that the convenience offered by MiniPay has led to a surge in usage across various platforms. With MiniPay, users no longer have to convert their funds to local currencies before accessing benefits under Universal Basic Income protocols or using gaming and savings applications. This ease of access has resulted in more widespread adoption and greater utility for its users.

Read More

2024-07-03 16:06