Ripple Partners with RedotPay to Potentially Streamline XRP Remittances in Nigeria
The post Ripple Partners with RedotPay to Potentially Streamline XRP Remittances in Nigeria appeared on BitcoinEthereumNews.com.
Ripple has partnered with RedotPay to expand its payment network in Africa, enabling instant crypto-to-Nigerian naira conversions for remittances. This integration uses Ripple’s settlement technology to support transfers in XRP, USDT, BTC, ETH, SOL, TON, TRX, and BNB, with RLUSD stablecoin support upcoming, streamlining cross-border payments. RedotPay leverages Ripple’s technology for near-instant crypto conversions to NGN, reducing remittance costs and delays in Nigeria. The partnership supports multiple cryptocurrencies, allowing recipients to receive funds directly in bank accounts without exchange involvement. Ripple’s expansion includes prior collaborations with Chipper Cash, Yellow Card, and VALR, enhancing Africa’s digital payment infrastructure; remittances to Nigeria exceed $20 billion annually, per World Bank data. Ripple RedotPay partnership revolutionizes African remittances with instant crypto-to-NGN conversions. Discover how this crypto firm expands its payment network for faster, cheaper transfers. Explore the impact today. What is the Ripple RedotPay Partnership? The Ripple RedotPay partnership integrates Ripple’s blockchain-based settlement technology with RedotPay’s platform to facilitate seamless cryptocurrency remittances into Nigerian naira. Launched to address inefficiencies in traditional cross-border transfers, it allows users to send digital assets like XRP and USDT, which are converted and deposited directly into recipients’ bank accounts almost instantly. This collaboration marks a significant step in making crypto practical for everyday remittances in high-volume corridors like Africa. How Does the Ripple RedotPay Integration Work for Users? The integration operates by layering Ripple’s efficient settlement protocols over RedotPay’s user-friendly interface, ensuring conversions happen without the volatility risks associated with speculative trading. Senders select from supported cryptocurrencies— including BTC, ETH, SOL, TON, TRX, and BNB—initiate the transfer globally, and recipients in Nigeria get NGN credited to their accounts via existing banking rails. According to RedotPay’s CEO Michael Gao, this approach mirrors the simplicity of local mobile money services, with settlement times reduced to seconds compared to days for conventional…
Filed under: News - @ December 3, 2025 11:33 am