RedotPay, a fintech company specializing in stablecoin-based payments, has integrated Ripple’s cross-border payment technology to expand its global transfer capabilities. The move includes the launch of a new option that allows users to send cryptocurrency and have the recipient receive Nigerian naira (NGN) directly into a local bank account.
The update, announced on December 2, aims to make it easier and faster for users to convert digital assets to NGN. Verified RedotPay customers with Nigerian bank accounts can receive funds in minutes when a sender transfers XRP or other supported cryptocurrencies.
Focus on faster global transfers
Cross-border payments remain slow and expensive for many users. International transfers often take several days and incur fees that average more than six percent. As demand for faster and cheaper alternatives increases, Ripple’s payment technology is being used to support RedotPay’s attempt to offer near-instant settlement and transparent pricing.
The new NGN payout feature is supported by a wide list of digital assets including USDC, USDT, BTC, ETH, SOL, TON, TRX, XRP and BNB. RedotPay says Ripple’s enterprise-grade infrastructure helps the platform achieve faster settlements and more predictable conversions. Ripple’s upcoming RLUSD stablecoin will also be added as soon as it becomes available.
Ripple’s role in the expansion
Jack Cullinane, who oversees Ripple’s commercial operations in the Asia-Pacific region, said the partnership shows how blockchain-based solutions can simplify international payments for both individuals and businesses.
RedotPay plans to continue expanding its payout options to more countries as part of its strategy to support digital workers, freelancers, entrepreneurs, and people sending money home from abroad.
Building on previous market expansions
The NGN rollout follows RedotPay’s previous introduction of similar services for Brazil and Mexico, where users can send cryptocurrency and have the recipient receive money in BRL or MXN. By integrating with Ripple Payments, the company aims to strengthen its presence in emerging markets, which are seeing rapid growth in the use of stablecoins and digital transfers.
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