Opera MiniPay Launches Stablecoin Spending in Latin America
- Opera’s MiniPay, a stablecoin wallet on the Celo blockchain, introduces “Pay like a local” for users in Argentina and Brazil.
- The feature connects USDT balances to local payment systems, PIX in Brazil and Mercado Pago in Argentina, benefiting over 10 million users.
- Merchants receive payments in local currency without handling crypto, thanks to infrastructure provided by Noah.
- PIX is used by over 76% of the Brazilian population, while Mercado Pago reaches nearly 70% of the Argentine market.
- Future expansions are planned with partnerships including El Dorado, AlfredPay, and Paytrie for additional on- and off-ramps across Latin America and Canada.
This integration aims to enhance the real-world utility of cryptocurrencies by allowing seamless spending using stablecoins at local shops without manual conversions or exchanges.
With support for over stablecoin transactions through local payment systems now available, Opera’s MiniPay is set to transform daily spending for its users in Latin America. (Source)
