Ripple’s XRP Tech Supercharges Global Stablecoin Transfers in Major Expansion
Ripple's infrastructure just got a major upgrade, and it's targeting the multi-trillion-dollar stablecoin market. The company's core technology is now being leveraged to streamline cross-border stablecoin transfers, promising to cut settlement times from days to seconds.
The Mechanics: How It Works
Forget the old correspondent banking model. Ripple's distributed ledger technology creates a direct, secure channel between financial institutions. It bypasses the traditional intermediaries—the very entities that add cost, complexity, and delay to every transaction. Value moves as fast as information.
Why Stablecoins Are the Target
The move is a strategic play for the rails of modern finance. Stablecoins, pegged to assets like the US dollar, have become the de facto settlement layer for crypto and are making serious inroads into traditional payments. Ripple's network aims to be the plumbing that makes this flow efficient and global, offering a stark contrast to legacy systems still reconciling transactions over long weekends.
The Bottom Line for Finance
This isn't just a tech demo. It's a direct challenge to the existing financial order's profit centers—the fees collected for currency conversion and slow settlement. If adoption grows, it could pressure traditional players to modernize or lose relevance. One cynical take? The old guard might finally innovate when their quarterly bonuses are on the line, not a moment sooner.
RedotPay, a fintech company that specializes 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 allowing 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 into NGN. Verified RedotPay customers with Nigerian bank accounts will be able to receive funds within 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 involve fees that average more than six percent. With demand rising for quicker and lower-cost alternatives, 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 deliver faster settlement and more predictable conversions. Ripple’s upcoming RLUSD stablecoin will also be added once available.
Ripple’s Role in the Expansion
Jack Cullinane, who oversees commercial operations for Ripple 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 widening its payout options to more countries as part of its strategy to support digital workers, freelancers, entrepreneurs, and people sending money home from overseas.
Building on Earlier Market Expansions
The NGN rollout follows RedotPay’s earlier introduction of similar services for Brazil and Mexico, where users can send cryptocurrency and have the recipient receive funds in BRL or MXN. By integrating with Ripple Payments, the company aims to strengthen its presence in emerging markets that are seeing fast growth in stablecoin usage and digital remittances.
