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RedotPay has partnered with Ripple to expand its stablecoin payment capabilities. Concurrently, RedotPay is launching its “Send Crypto, Receive NGN” feature and extending multi-market payouts via Ripple’s cross-border payment solution, Ripple Payments. The new feature allows verified users with local bank accounts to convert digital assets into Nigerian naira (NGN), providing faster and lower-cost payouts. [...] The post RedotPay Partners with Ripple to Launch NGN Crypto Payouts appeared first on Fintech Hong Kong.RedotPay has partnered with Ripple to expand its stablecoin payment capabilities. Concurrently, RedotPay is launching its “Send Crypto, Receive NGN” feature and extending multi-market payouts via Ripple’s cross-border payment solution, Ripple Payments. The new feature allows verified users with local bank accounts to convert digital assets into Nigerian naira (NGN), providing faster and lower-cost payouts. [...] The post RedotPay Partners with Ripple to Launch NGN Crypto Payouts appeared first on Fintech Hong Kong.

RedotPay Partners with Ripple to Launch NGN Crypto Payouts

2025/12/02 17:34

RedotPay has partnered with Ripple to expand its stablecoin payment capabilities.

Concurrently, RedotPay is launching its “Send Crypto, Receive NGN” feature and extending multi-market payouts via Ripple’s cross-border payment solution, Ripple Payments.

The new feature allows verified users with local bank accounts to convert digital assets into Nigerian naira (NGN), providing faster and lower-cost payouts.

Michael Gao

said Michael Gao, CEO and Co‑Founder of RedotPay.

Global remittances remain slow and expensive, with average fees of 6.49% and settlement times often taking one to five business days.

Demand for digital alternatives has increased, particularly in the Asia Pacific region, which has seen the fastest growth in on-chain stablecoin activity, driven mainly by trading and remittances.

RedotPay’s integration with Ripple Payments addresses these issues, offering enterprise-grade blockchain speed, reliable payout infrastructure, transparent pricing, and near-instant settlement.

The feature supports a wide range of cryptocurrencies including USDC, USDT, BTC, ETH, SOL, TON, S, TRX, XRP, and BNB, with Ripple’s RLUSD to be supported in the future.

Jack Cullinane, Head of Commercial, Asia Pacific at Ripple, said,

Jack Cullinane

Featured image credit: Edited by Fintech News Hong Kong, based on image by Frolopiaton Palm via Freepik

The post RedotPay Partners with Ripple to Launch NGN Crypto Payouts appeared first on Fintech Hong Kong.

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