minipay

Nasdaq-listed company Opera submitted a proposal to the Celo governance forum, planning to replace its existing cash payment agreement with a distribution plan of 160 million CELO tokens over three years. This distribution amount accounts for approximately 27% of the current circulating supply of about 600 million CELO and 16% of its maximum supply of 1 billion. The current trading price of CELO is $0.07.The transaction will involve a one-time transfer of 160 million CELO from the unreleased treasury to a Safe account controlled by Opera. To maintain governance balance, the voting rights of these tokens will be limited to within 10% of the total staked CELO, except in emergencies. Opera stated that the proposal reflects the significant role of its self-custody crypto wallet MiniPay on the Celo network. MiniPay operates on Celo, an Ethereum Layer 2 network, and has over 14 million registered users and over 420 million transactions in more than 66 countries since its launch in 2023.Opera EVP Jorgen Arnesen stated that Opera aims to be a supportive key stakeholder in the Celo ecosystem. Additionally, over 50 million Opera browser users who received rewards in recent months will be able to redeem their rewards in USDT form within MiniPay. Opera's stock price is currently $14.6.

According to Cointelegraph, stablecoin issuer Tether announced a partnership with the browser Opera to expand support for USDT and Tether Gold (XAUT) in its self-custody wallet MiniPay, which is based on the Celo blockchain.The initiative aims to provide millions of users in emerging markets such as Africa, Latin America, and Southeast Asia with a stable value storage and payment channel based on the US dollar.

ChainCatcher news, according to Mariblock, the blockchain venture capital firm Verda Ventures announced a partnership with the web browser company Opera to launch the MiniPay fund with a scale of $40 million to support blockchain startups in emerging markets.It is understood that the investors in the fund also include Jump Crypto, Borderless Group, and Richard Parsons. Startups benefiting from the MiniPay fund will have access to Opera's MiniPay wallet framework and build financial products around it, while also integrating relevant infrastructure for development.

ChainCatcher news, according to Cointelegraph, the Web3 browser Opera has announced the launch of a stablecoin wallet MiniPay in Africa, allowing African users to send or receive stablecoins using their existing mobile numbers. This non-custodial wallet operates on the Celo blockchain and is aimed at facilitating P2P stablecoin transactions for users on the platform in Africa.MiniPay will be launched in the coming months, starting first in Nigeria. The wallet is also integrated with local payment methods such as Airtime and MPesa, as well as traditional bank transfer methods, allowing users to add and withdraw stablecoins from the wallet and exchange them for local currency.Jørgen Arnesen, Vice President of Opera's mobile division, revealed that they have developed the Opera Mini browser for Africa, enabling users to access the internet and obtain information without spending a large portion of their monthly income.

ChainCatcher news, according to official sources, Web3 browser developer Opera has launched the Web3 payment wallet MiniPay based on the Celo network. This wallet is integrated into Opera's Android browser, Opera Mini.It is reported that MiniPay aims to attract millions of mobile users in Africa to use Web3 technology, starting from Nigeria and expanding to the markets of Kenya, Ghana, and South Africa in the coming months.