MiniPay wins web3 award at Africa Tech Summit

Stablecoin wallet platform owned by Opera and built on the Celo blockchain, MiniPay has won the web3 award at the Africa Tech Summit which concluded on Feb. 13. 

MiniPay clinched the award ahead of ICP Hub, Investa Farm, Sabi and Yellow Card, the other companies shortlisted in the web3 category. 

The details 

• The Africa Tech Summit confirmed the award in a congratulatory post shared on its social media on Thursday. 
• The awards, which spanned 11 different categories, were designed to highlight the impact of African firms in the use of technology to tackle problems peculiar to the continent. 

Zoom out

• MiniPay, a self-custodial stablecoin wallet initially built directly into the web browser app, Opera, allows wallet-to-wallet stablecoin transfers among users. 
• The platform launched initially in Nigeria but with plans to expand into other African markets. 
• The platform has since been spun off as a standalone wallet platform no longer exclusively on Opera. One year ago, it announced that it surpassed one million users. 
• Last December, MiniPay partnered with blockchain venture capital firm, Verda Ventures to launch a $40 million fund for blockchain startups to build products on MiniPay’s infrastructure.