MiniPay Introduces Stablecoin-Backed Virtual Accounts for Global Freelancers
- MiniPay launches virtual USD and EUR accounts, converting payments into stablecoins like USDT and USDC.
- The platform, built on Ethereum layer-2 blockchain Celo, aims to simplify international payments.
- Research indicates Africa’s freelance tech sector could grow from $7.3 billion to $37.7 billion by 2034.
- India contributes to over a quarter of global online labor supply with about 15 million freelancers.
- MiniPay has activated over ten million wallets in more than sixty countries since its launch in early-2023.
MiniPay’s new features aim to streamline cross-border payments for freelancers by eliminating fees and delays often associated with traditional banking systems. The collaboration with Noah enhances real-time interoperability between bank networks and digital assets.
The introduction of virtual accounts is expected to benefit the growing number of freelancers worldwide, especially in emerging markets like Africa and India, where demand is rapidly increasing. (Source)
