MiniPay's Stablecoin Ecosystem Booms in Africa
MiniPay, a stablecoin wallet platform on the Celo blockchain, has been making waves in Africa. Backed by Opera and Verda Ventures, it's not just a wallet; it's an ecosystem that's unlocking everyday financial use cases and supporting startups.
MiniPay's journey began with a $40 million fund launched in late 2024, supporting startups that build on or integrate with the MiniPay wallet. The fund, which invests between $250,000 and $1 million, has backed startups like Pretium Africa, Partna, Mento, and Mural across Africa. Notably, there's no exclusivity clause, allowing startups to explore other blockchains and distribution avenues.
MiniPay's appeal lies in its simplicity. It allows users to send money using just a phone number, pay fees in the same token, and enjoy instant settlement. This ease of use has propelled MiniPay to the top spot on Kenya's Google Play Store, surpassing giants like Facebook and WhatsApp. Between December 2024 and February 2025, the MiniPay fund supported startups like FintechX (Kenya), PayQuick (Nigeria), and EcoWallet (South Africa), indicating its commitment to fostering growth across the continent.
MiniPay's success is not just about the numbers - it's about the potential it unlocks. By simplifying access to stablecoins and providing a robust ecosystem, MiniPay is empowering startups and users alike. As it continues to grow, with no signs of slowing down, MiniPay is set to play a crucial role in shaping the future of everyday finance in Africa.
Read also:
- Mars Petcare Opens Gold-LEED Certified Center, Aims for Carbon Neutrality by 2040
- Planned construction of enclosures within Görlitzer Park faces delays
- Controversy resurfaces following the elimination of diesel filter systems at Neckartor: A renewed conflict over the diesel restriction policy
- Perennial Seeks Growth Marketing & GTM Associate for Carbon Removal Mission
