At the EthCC conference in Cannes, the first fully non-custodial payment solution based on stablecoins with support for international and national payment systems was presented.
MiniPay and Noah announced a strategic partnership that launched the industry’s first fully non-custodial product for working with stablecoins, combining global banking rails with local payment methods. The solution is focused on real users in developing countries and provides instant payouts, minimal fees, and full control over funds.
MiniPay is a stablecoin wallet built on the Celo blockchain, designed for everyday payments. In partnership with Noah, a global payment infrastructure provider, MiniPay is expanding its functionality by integrating virtual accounts in U.S. dollars and euros. Users will be able to receive payouts through international payment systems ACH and SEPA, automatically converted into USDT, USDC, or cUSD, without intermediaries, custodians, or third-party apps.
A key feature of the solution is the integration of local payment methods directly into MiniPay. Users will be able to make direct transfers via Pix in Brazil, M-Pesa in Kenya, and bank transfers in Nigeria using stablecoin balances without needing to convert to fiat.
MiniPay is already available in more than 50 countries, and with the new functionality, users will be able to send funds through local channels in over 70 destinations. The app supports payments for mobile services, utilities, digital subscriptions, and micro-earnings, with zero transaction fees. To date, over 8 million wallets were activated, and more than 200 million transactions processed.
Noah, in turn, provides an API that connects payment flows between fiat and cryptocurrencies worldwide. The company operates in compliance with regulations in more than 70 countries, offering built-in currency operations and liquidity management.
According to the World Bank data cited in the press release, the average fee for cross-border transfers is 6.6%, while freelancers can lose up to 15% due to platform fees and exchange rate losses. The new integration removes these barriers, providing a more accessible and cost-effective way to receive and use funds.
Max Krupyshev, CEO of CoinsPaid, stated during a speech before members of AmCham Estonia that stablecoins became a full-fledged financial instrument actively used by businesses, driven by stable exchange rates, high transfer speeds, and low fees.
By the end of 2024, the total volume of transactions using stablecoins nearly matched the figures of the international payment giant Visa, with stablecoins’ share in segments such as B2B payments and cross-border settlements continuing to grow actively.
Сообщение Non-Custodial Solution Launched for Global and Local Payments in Stablecoins появились сначала на CoinsPaid Media.
