RedotPay Supercharges Cross-Border Payments with Ripple Integration, Unlocks Nigerian NGN Stablecoin Access
RedotPay just plugged into the RippleNet highway. The crypto card provider's latest move isn't just a tech upgrade—it's a strategic land grab in one of the world's most vibrant remittance corridors.
From Protocol to Payout
Forget slow wires and bloated fees. By integrating Ripple's payment protocol, RedotPay slashes the friction out of cross-border transactions. The system bypasses traditional correspondent banking, aiming to settle funds in seconds, not days. It's the kind of efficiency that makes legacy finance look like it's running on dial-up.
The NGN Play: Tapping a Liquid Market
The real headline is the expansion into Nigerian Naira (NGN)-denominated stablecoins. This targets a massive, tech-savvy population where remittances are a lifeline and local currency volatility is a constant headache. Offering a stable digital asset pegged to the NGN isn't just convenient—it's a defensive financial tool. (It also cleverly sidesteps the whole 'volatile crypto' narrative that makes central bankers sweat.)
Why This Cuts Through the Noise
In a market saturated with card issuers, integration is the new innovation. RedotPay isn't just selling a card; it's assembling a rails-agnostic payment network. Leveraging Ripple's established infrastructure provides immediate scale and credibility—a smarter move than trying to build everything in-house while the bull market clock ticks.
The cynical finance jab? This is how you build a real-use case while traditional banks are still holding committee meetings to decide the font on their 'digital asset strategy' PDF. RedotPay's play is straightforward: provide the pipe, capture the flow, and monetize the movement between crypto and fiat worlds. In the race for payments relevance, they just found a faster lane.
“Send Crypto, Receive NGN” feature
The “Send Crypto, Receive NGN” feature targets near-instant NGN payouts for the verified users who maintain local bank accounts in Nigeria. It allows users to send a variety of digital assets, including XRP and stablecoins, and get the value in NGN, normally within minutes.
With Ripple Payments integrated, enterprise-grade blockchain speed and reliable payout infrastructure are ensured for this conversion and settlement process, with transparent pricing and efficiency. Currently supported are an extensive range of cryptocurrencies, including USDC, USDT, BTC, ETH, SOL, TON, S, TRX, XRP, and BNB.
Michael Gao, CEO and Co-Founder of RedotPay, said, “Delivering near‑instant, cost‑effective NGN payouts is an important step forward. At RedotPay, we’re building stablecoin‑powered payments that make digital assets as easy to use as local currency, securely sending XRP or stablecoins for NGN payouts in a matter of minutes.”
He continued, “With the addition of Ripple Payments, RedotPay will be able to reach more customers worldwide and better respond to the changing needs of our users-we will keep striving to make digital finance available to all, safe, and frictionless.”
Addressing global remittance challenges
This collaboration provides solutions to various problems in the global remittance industry, characterized by a high cost and slow speed of transactions. At present, the global average fees for sending remittances are as high as 6.49%, while settlement times may take from one to five business days.
These issues have, between them, accelerated the demand for digital alternatives. Chainalysis research shows the Asia Pacific is the world’s fastest-growing area for on-chain stablecoin activity, in large part due to its adoption for trading and cross-border remittances.
RedotPay hopes to leverage this trend by providing a solution that directly addresses the friction points, offering a modern, low-cost option for consumers.
The launch of the NGN payout feature is part of the company’s wider strategy to further multi-market access and extend stablecoin-powered payments into more emerging markets. This follows previous expansions of multi-market payouts offered by the company, such as “Send Crypto, Receive BRL” for Brazilian Real and “Send Crypto, Receive MXN” for Mexican Peso.
Target user base and future plans
The service targets a wide user base ranging from young, tech-savvy workers to digital nomads, freelancers, and foreign employees who regularly send money across borders. In the future, the partnership is envisioned to incorporate the support of RLUSD, a forthcoming stablecoin by Ripple.
Jack Cullinane, Head of Commercial, Asia Pacific at Ripple, said, “Our partnership with RedotPay demonstrates the real-world utility of our licensed payments solution in solving the immense friction of global cross-border payments. Ripple Payments makes sending money across borders faster, more reliable and affordable for consumers and businesses alike.”
Also Read: Ripple Expands Payment Services in Singapore Under MAS License
