MiniPay and Noah have teamed up to enhance non-custodial stablecoin payments, bridging global banking networks with local payment systems.
Stablecoins have gained traction recently, but their usage remains fragmented and challenging for many individuals seeking to meet real-world financial needs. MiniPay, a stablecoin wallet built on Celo, alongside Noah, a global payments infrastructure provider, aims to address this issue by offering an easy way to receive, convert, and spend stablecoins using both global and local rails within a single non-custodial app.
MiniPay users will soon have the ability to create virtual USD and EUR accounts, allowing them to receive payments via ACH and SEPA. Incoming funds will be automatically converted into USDT, USDC, or cUSD in their MiniPay wallet, made available only as stablecoins, ready for withdrawal in local currency or for immediate spending with global merchants.
This development is particularly relevant for freelancers in Africa and Latin America, migrant workers sending and receiving remittances, and geographically dispersed teams seeking a faster, more compliant method for USD payouts.
Soon, MiniPay users will be able to initiate payments directly through the app using trusted local methods, eliminating the need to convert to local currency. Payments made through methods such as Pix in Brazil, M-Pesa in Kenya, or bank transfers in Nigeria will be managed seamlessly within the MiniPay wallet.
Murray Spark, head of ecosystem and commercial at MiniPay, stated, “By combining global rails like ACH with local payment methods like M-Pesa, all within MiniPay’s simple, non-custodial wallet, we’re unlocking stablecoin utility for everyday users.”