KEY TAKEAWAYS
- RedotPay partners with Ripple to enhance stablecoin payment capabilities, launching the ‘Send Crypto, Receive NGN’ feature.
- This feature enables fast, affordable conversion from digital assets to Nigerian Naira for verified users.
- Ripple Payments integration aims to address global remittance inefficiencies with near-instant, low-cost cross-border transactions.
- The initiative targets tech-savvy users and expands RedotPay’s multi-market payout options.
Hong Kong – December 2, 2025 – RedotPay, a global stablecoin-based payment fintech, has announced a partnership with Ripple, a financial technology company known for its crypto solutions for businesses. This collaboration aims to extend RedotPay’s stablecoin payment capabilities. As part of this initiative, RedotPay is launching its ‘Send Crypto, Receive NGN’ feature, alongside the expansion of multi-market payouts through its integration with Ripple’s cross-border payment solution, Ripple Payments.
The new feature is designed to streamline the conversion from digital assets to Nigerian Naira (NGN) for verified users with local bank accounts, enabling faster and more affordable payouts. Michael Gao, CEO and Co-Founder of RedotPay, stated that delivering near-instant, cost-effective NGN payouts marks a significant milestone. He emphasized that RedotPay is focused on making digital finance accessible, secure, and efficient for everyone.
Addressing Global Remittance Pain Points
Currently, global remittances are often costly and slow, with average fees of 6.49% and settlement times ranging from one to five business days. In response to these inefficiencies, the demand for digital alternatives has increased. According to Chainalysis, the Asia Pacific region is the fastest-growing globally for on-chain stablecoin activity, driven by adoption in trading and remittances.
RedotPay is capitalizing on this shift by integrating Ripple Payments. The ‘Send Crypto, Receive NGN’ feature addresses these pain points by leveraging enterprise-grade blockchain speed and reliable payout infrastructure. This integration offers transparent pricing and near-instant payouts, redefining cross-border payments for consumers seeking lower-cost, faster alternatives.
The feature supports a wide range of cryptocurrencies, including USDC, USDT, BTC, ETH, SOL, TON, S, TRX, XRP, and BNB. In the future, Ripple’s RLUSD will also be supported. The feature is available to all verified RedotPay users with a local bank account. In a typical transaction, a user sends XRP or another supported asset from RedotPay, and NGN is sent to the designated local bank account.
Jack Cullinane, Head of Commercial, Asia Pacific at Ripple, commented on the partnership, highlighting the real-world utility of Ripple’s licensed payments solution in solving the friction of global cross-border payments. Ripple Payments aims to make sending money across borders faster, more reliable, and affordable for consumers and businesses alike.
Advancing Multi-Market Access
The ‘Send Crypto, Receive NGN’ feature is designed to meet the needs of young, tech-savvy workers, such as digital nomads, freelancers, and entrepreneurs, as well as those working abroad who need to send cross-border funds. This launch builds on RedotPay’s multi-market payout expansions, including ‘Send Crypto, Receive BRL’ and ‘Send Crypto, Receive MXN.’ It reaffirms RedotPay’s commitment to extending stablecoin-powered payouts to more emerging markets.
For more information, the announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
The partnership between RedotPay and Ripple aims to enhance stablecoin payments and introduce the ‘Send Crypto, Receive NGN’ feature, facilitating faster and more affordable cross-border transactions to Nigeria.
A Chainalysis report highlights that global stablecoin adoption is experiencing significant growth, driven by institutional activity and regulatory clarity. This trend is evident in RedotPay’s initiative to leverage Ripple’s technology for cross-border payments, aligning with the expanding use cases of stablecoins in remittances.
According to 99bitcoins, Ripple’s market impact is bolstered by institutional demand and strategic investments. This reinforces the potential for Ripple’s payment solutions to address inefficiencies in global remittances, as demonstrated by the new feature launched by RedotPay.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
