RedotPay and Ripple expand stablecoin payments with new Send Crypto, Receive NGN capability

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 flows. RedotPay is positioning itself to capture this momentum by using enterprise-grade blockchain speed and robust payout infrastructure to deliver more transparent pricing and near-instant settlement.

By integrating Ripple Payments, the company says its new “Send Crypto, Receive NGN” feature directly tackles long-standing remittance pain points. In practice, it aims to redefine cross-border transfers for those seeking lower-cost, faster options compared to legacy banking networks that still dominate remittance corridors in emerging markets.

With typical payouts settled within minutes, the service supports a wide range of cryptocurrencies, including USDC, USDT, BTC, ETH, SOL, TON, S, TRX, XRP and BNB. That said, RedotPay plans to add Ripple’s RLUSD in the future, which will further expand the payment options available to its users.

The feature is open to all verified RedotPay accounts linked to local bank details. In a standard transaction, a user sends XRP or another supported asset from their RedotPay wallet, and NGN is automatically delivered to the designated bank account in Nigeria, typically within minutes of confirmation.

Ripple’s perspective on the collaboration

Jack Cullinane, Head of Commercial, Asia Pacific at Ripple, said the agreement highlights the practical impact of the company’s licensed infrastructure. “Our partnership with RedotPay demonstrates the real-world utility of our licensed payments solution in solving the immense friction of global cross-border payments,” he commented.

Cullinane added that Ripple Payments makes sending funds across borders faster, more reliable, and more affordable for both consumers and businesses. Moreover, the collaboration showcases how a regulated network can underpin new models for digital currency transfers, especially in high-demand remittance markets like Nigeria.

Expanding multi-market payouts for digital workers and expatriates

The new NGN feature is tailored to young, tech-savvy workers such as digital nomads, freelancers, and entrepreneurs, as well as expatriates who need to send money home from overseas. In this context, the solution aims to provide near instant NGN payouts that fit into the daily financial lives of mobile, globally connected users.

RedotPay’s “Send Crypto, Receive NGN” launch also builds on its existing multi-market payout options, including “Send Crypto, Receive BRL” for Brazil and “Send Crypto, Receive MXN” for Mexico. Moreover, the company reiterates that it will continue expanding stablecoin-powered payouts into more emerging markets, creating a broader network of crypto-to-fiat corridors.

The Redotpay-Ripple partnership for stablecoin payments illustrates how a modern fintech can use blockchain infrastructure to link multiple jurisdictions while focusing on low cost remittances and user-friendly experiences.

However, it also underscores growing competition among providers aiming to serve cross-border corridors with fast settlements and transparent fees.

As RedotPay and Ripple deepen their work together, stablecoin payments are expected to play a larger role in the next phase of cross-border financial services, especially where users demand speed, cost efficiency, and regulatory clarity.

RedotPay’s integration with Ripple Payments and the rollout of “Send Crypto, Receive NGN” mark a significant step toward more efficient digital remittances, combining crypto flexibility with familiar bank-based payouts in key emerging markets.