MiniPay—the Opera Mini's non-custodial (self-custodial) stablecoin-wallet built on the Celo blockchain, allowing users to facilitate fast, low-cost, cross-border transfers in emerging markets—is introducing virtual accounts in United States Dollar (USD) and European Union Euro (EUR).
The virtual accounts will let freelancers, creators, and digital entrepreneurs to receive verified USD (ACH) and EUR (SEPA) payments directly from platforms like Upwork, Fiverr, and international clients, with zero deposit fees—giving remote workers an easy way to get paid globally and hold their earnings in digital dollars or euros.
Automated Clearing House (ACH) and Single Euro Payments Area (SEPA) are electronic payment systems that make it easy to transfer money between bank accounts within specific regions. ACH is used mainly in the US for domestic USD transfers.
For example, when employers pay salaries or clients send money to freelancers’ U.S. bank accounts.
SEPA, on the other hand, is used across Europe to move euros between banks in the EU and other participating countries quickly and at low cost. In simple terms, ACH is the U.S. network for digital bank transfers, while SEPA is the European equivalent for euro payments.
However, it's important to note that the virtual accounts are provided in partnership with third-party service, according to an article published on the MiniPay's website. "All transactions are facilitated using USD stablecoins. Virtual accounts are provided by Noah and subject to Terms and Conditions," the company clarified.
In addition to that, Minipay announced that roll out of the virtual accounts will reach waitlist users first before it reaches other users. "Access is currently being rolled out to our waitlist users first. If you were on the waitlist," Minipay cited. The company also advised users to keep their Minipay App updated so that the update can reach them on time.
What is Minipay Virtual USD and EUR Accounts
The MiniPay virtual bank accounts consist of a set of verified receiving details—like an account name, account number, and routing number—that remote workers, freelancers, and content creators to accept payments from their merchants and business partners in the U.S. and Europe.
These accounts and it details are provided in partnership with Noah—a fintech infrastructure company that builds APIs and payment rails to connect traditional banking systems (fiat) with stablecoins and digital assets.
Noah's core mission is to make global money movement faster, cheaper, and more transparent by automating and streamlining the “on-ramp” (fiat to stablecoin) and “off-ramp” (stablecoin to fiat) processes. This mission resonate with MiniPay's mission. Maybe this is why the Celo-backed stablecoin wallet is chosing Noah as it partner that'll power the virtual accounts.
With this partnership, you no longer need to open a traditional bank account, have a U.S. address, or hold EU residency; you can simply use the MiniPay app to generate a USD (ACH) account for seamless U.S.-based wire and electronic transfers and a EUR (SEPA) account for quick and easy European payments for the purpose of receiving and managing your money effortlessly.
How to Use the MiniPay Virtual USD and EUR Accounts
The MiniPay virtual USD and EUR accounts are built and usable for anyone online. If you're a creator, you can actually use the MiniPay virtual account to centralize your income from YouTube, TikTok, Facebook, Instagram, and get a global wallet for all brand deals.
As a Freelancers, these virtual accounts can be used to receive payments from freelancing platforms like Upwork, Ruul, Fiverr, Toptal, PeoplePerHour, and more. Online sellers can actually use the accounts to receive payments from platforms like Amazon, Etsy, or eBay.
Furthermore, remote workers and agencies can Add their details to invoices or share them with clients to get paid like a US or EU local from anywhere in the world, saving on cross-border wire transfer fees. In essence, MiniPay brings all of this together in one place: Bank-style receiving (ACH, SEPA), speed of stablecoins, and local cash-out flexibility.
However, it's worth noting that USD and EUR payments are credited to your MiniPay wallet in USDT/USDC as soon as they settle (typically 1-3 business days for ACH/SEPA), and these dollar stablecoins (digital dollars) are withdrawable to your local bank account in your local currency at competitive rates with zero fees.
How to Generate USD/EUR Account Details in MiniPay
Follow these steps to successfully generated a USD or EUR virtual bank account on the MiniPay app:
- Download the Minipay App on your app store or open the app if you're already a user.
- On the app homepage, tap "Deposit" on the main dashboard.
- Select "Virtual Account" from the available options.
- Complete the required verification steps when prompted.
- Once verification is complete, you’ll instantly receive your unique ACH or SEPA bank details.
However, it's important to note that if virtual accounts are not available to you, you may need to update your MiniPay app, or the accounts may simply not have been rolled out to you yet. Secondly, the KYC/verification requirements vary by country, so I can’t specify exactly which documents will be needed.
