Overview
Stablecoin wallet MiniPay and global payment infrastructure provider Noah have announced a partnership to launch a non-custodial stablecoin payment initiative. This collaboration aims to bridge global banking rails with local payment methods, enhancing accessibility and utility for stablecoin users worldwide.
Key Features
- Virtual Accounts: Users can create USD/EUR-denominated accounts to receive payments via ACH (Automated Clearing House) and SEPA (Single Euro Payments Area).
- Auto-Conversion: Incoming funds are instantly converted to USDT, USDC, or USD stablecoins within the MiniPay wallet.
- Local Withdrawals: Funds can be withdrawn in local currencies or spent at global merchants without intermediaries.
- Target Regions: Focus on freelancers and migrant workers in Africa and Latin America, where local systems like Pix (Brazil) and M-Pesa (Kenya) dominate.
Why This Matters
Traditional cross-border payments often require foreign bank accounts and incur high fees. MiniPay and Noah’s solution eliminates these barriers by:
- Reducing Dependency on custodians or third-party apps.
- Leveraging Stablecoins for instant, low-cost transactions.
- Integrating Local Methods like M-Pesa to serve underbanked populations.
👉 Explore how stablecoins are revolutionizing global payments
FAQs
1. How does MiniPay ensure security for non-custodial wallets?
MiniPay uses blockchain technology to let users retain full control of their private keys, eliminating custodial risks.
2. Which stablecoins are supported?
The platform supports USDT, USDC, and USD-pegged stablecoins.
3. Are there fees for currency conversion?
Noah’s infrastructure minimizes fees by automating conversions within the wallet.
4. Can merchants reject stablecoin payments?
Funds are instantly convertible to local currencies, ensuring compatibility even where crypto isn’t accepted.
👉 Learn more about decentralized finance solutions
Future Outlook
Murray Spark, MiniPay’s Head of Ecosystem, highlights the initiative’s potential to “unlock stablecoin utility for everyday users” by merging global liquidity with hyperlocal payment networks.
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### Keywords Identified
- Stablecoin payments
- MiniPay
- Noah
- Non-custodial wallet
- Global banking rails
- Local payment methods
- USDT/USDC