Accrue has announced its integration with Opera's MiniPay and Cashramp's API, bringing enhanced payment capabilities to MiniPay users across the continent. MiniPay, a self-custodial stablecoin wallet built on the Celo blockchain, allows users to deposit and send USD stablecoins quickly and inexpensively using just a phone number.

With the integration of Cashramp, MiniPay users can now seamlessly convert these stablecoins to their local currency, facilitating smooth cross-border transactions within minutes. This collaboration holds great promise for Africans, offering a convenient and efficient solution for stablecoin settlements.

Easy and swift stablecoin transactions

MiniPay provides users with a hassle-free experience akin to that of the popular Metamask wallet, but exclusively for stablecoins. One of the key features of MiniPay is its ability to enable peer-to-peer (P2P) transactions of USD stablecoins with minimal fees, taking just seconds to complete.

“Using Cashramp, any MiniPay user who receives cUSD can then cash out to their local currency (NGN, KES, GHS, ZAR) in minutes. It's early days, but with Opera Mini's distribution, it'll be one of the most used ways to move money across African borders,” Accrue co-founder and CEO, Clinton Mbah told NODO.

“I'm genuinely excited to see what other game-changing products will be built for all of Africa on our commerce rails.”

Converting stablecoins to local currency

While the use of stablecoins allows for seamless cross-border transactions, converting these digital assets into local currency can still pose a challenge. This is where the integration of Cashramp becomes invaluable. MiniPay users who receive cUSD (Celo USD stablecoins) through the platform can now swiftly cash out into their respective local currencies, such as NGN (Nigerian Naira), KES (Kenyan Shilling), GHS (Ghanaian Cedi), and ZAR (South African Rand). Thanks to Cashramp's efficient services, the process takes only minutes, streamlining the conversion and ensuring enhanced utility for African users.

The integration of Accrue, Opera's MiniPay, and Cashramp not only addresses the hurdles faced when transacting stablecoins across borders within Africa but also opens doors to a multitude of game-changing products in the future. With the extensive reach of Opera Mini, this collaboration is poised to become one of the most widely used ways to move money seamlessly across African borders. The prospects for African commerce and financial ecosystem are immense, creating fertile ground for solo tinkers, web3 enthusiasts, SaaS providers, fintech firms, and e-commerce businesses.