TL;DR

RedotPay partners with Ripple to allow Nigerian users to convert cryptocurrencies into naira and receive funds directly in local bank accounts within minutes.
The platform supports major digital assets at launch, including USDC, BTC, ETH, XRP, with RLUSD expected to be added later.
This service provides faster, affordable, and secure crypto-to-fiat transfers for verified users, addressing delays and high costs in traditional remittances.

RedotPay, a global fintech specializing in stablecoin-based payments, introduces “Send Crypto, Receive NGN” through its partnership with Ripple. Verified users can convert supported cryptocurrencies into Nigerian naira and receive funds in local bank accounts within minutes. At launch, the service supports USDC, USDT, Bitcoin, Ether, Solana, Tron, XRP, and BNB, while Ripple’s RLUSD is planned for future integration.

RedotPay Launches Instant NGN Crypto Cashouts

Michael Gao, RedotPay’s CEO, explained that the integration with Ripple Payments allows secure, near-instant crypto-to-fiat transactions. Users can send XRP or stablecoins and access NGN quickly, reducing friction in cross-border payments and making digital assets as convenient as local currency. The system also provides detailed transaction tracking, giving users clear visibility and control over their transfers.

Navigating Nigeria’s Complex Crypto Landscape

Nigeria ranks sixth globally in crypto adoption according to Chainalysis’ 2025 Global Adoption Index. Regulatory enforcement tightened in December 2024 when the Nigerian SEC filed an $81.5 billion lawsuit against Binance. Despite this, compliant crypto businesses continue operating without litigation, supported by government guidance.

RedotPay’s launch addresses inefficiencies in cross-border payments, where average remittance fees reach 6.49% and transfers can take up to five business days. Using Ripple’s blockchain infrastructure, the service delivers faster, transparent, and cost-efficient settlements while supporting a wide range of cryptocurrencies. The solution also integrates easily with existing banking infrastructure, making it practical for both new and experienced users.

Expanding Multi-Market Access

The feature complements RedotPay’s multi-market offerings, including “Send Crypto, Receive BRL” and “Send Crypto, Receive MXN.” Designed for freelancers, digital nomads, and overseas workers, the service facilitates convenient international transfers. Jack Cullinane, Ripple’s Commercial Director for Asia Pacific, noted that the partnership shows how Ripple Payments reduces costs and delays in global remittances while benefiting both businesses and consumers. The expansion reflects RedotPay’s broader commitment to accessible, fast, and reliable digital finance solutions.

By combining stablecoins with Ripple’s payment network, RedotPay improves access to financial services in emerging markets. “Send Crypto, Receive NGN” highlights how digital assets can become practical tools for everyday payments while supporting broader blockchain adoption across Nigeria and other regions.

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Filed under: News - @ December 2, 2025 6:24 pm