The post RedotPay And Ripple Expand NGN Payouts appeared on BitcoinEthereumNews.com.

RedotPay is deepening its collaboration with Ripple to expand stablecoin payments while rolling out a new “Send Crypto, Receive NGN” payout feature for users in Nigeria. RedotPay partners with Ripple to power NGN payouts Today, on 2 December 2025 in Hong Kong, RedotPay, a global stablecoin-based payment fintech, announced a strategic partnership with Ripple to enhance its crypto-to-fiat payout capabilities. Through this integration, RedotPay is adopting Ripple’s licensed cross-border payment solution, Ripple Payments, as it extends multi-market payouts and launches its new NGN service. The fresh feature allows verified users with local bank accounts to convert digital assets into NGN, offering faster and more affordable payouts than traditional rails. Moreover, it is designed to simplify remittances for individuals and businesses who rely on digital assets for everyday transactions and cross-border transfers. “Delivering near-instant, cost-effective NGN payouts is a significant milestone,” said Michael Gao, CEO and Co-Founder of RedotPay. He stressed that the company is building stablecoin-powered payment experiences that make digital assets as practical as local currencies for everyday use. According to Gao, users can send XRP or supported stablecoins securely and receive NGN within minutes to their local accounts. Furthermore, he underlined that integrating Ripple Payments expands RedotPay’s global reach and helps the platform better serve the evolving needs of its user base while keeping digital finance accessible, secure, and efficient. Addressing the cost and friction of global remittances RedotPay’s initiative comes against a backdrop of stubbornly expensive and slow cross-border remittances. Today, global money transfers often incur average fees of 6.49%, while settlement can still take one to five business days. However, demand for digital alternatives has accelerated as consumers and businesses seek more efficient channels. Research from Chainalysis shows that Asia Pacific was the fastest-growing region worldwide for on-chain stablecoin activity, driven primarily by trading and remittance…

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Filed under: News - @ December 2, 2025 4:28 pm