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MiniPay launches Visa debit card for stablecoin spending MiniPay has launched a Visa debit card that allows users in selected markets across Africa, Latin America, Southeast Asia and Europe to make purchases using stablecoins.
According to Tuesday's announcement, the card is powered by Gnosis Pay's infrastructure, enabling users to pay directly from their MiniPay wallets while merchants receive local currency through Visa's network.
MiniPay said it has grown to more than 16 million activated wallets across 65 countries since launching in 2023, with much of its adoption concentrated in Africa and other emerging markets.
The card can be added to Apple Pay and Google Pay, while eligible users in some markets will receive cashback rewards denominated in stablecoins USDt and $USDC, as well as Tether Gold.
MiniPay is a stablecoin wallet owned by Opera, the Nasdaq-listed software company best known for its web browser. Built on the Celo blockchain, the wallet focuses on payments, transfers and savings using dollar-backed stablecoins.
Related: Bank of England eases stablecoin rules, introduces 40B pound issuance cap
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