RedotPay just announced a partnership with Ripple that’s bringing some pretty useful features to users. The Hong Kong-based fintech is launching a “Send Crypto, Receive NGN” feature that lets people convert digital assets directly into Nigerian naira.
The integration with Ripple Payments is designed to make cross-border transactions way faster and cheaper. Right now global remittances average 6.49% in fees and take one to five business days to settle. That’s expensive and slow. RedotPay is trying to fix that problem.
Here’s how it works. Verified RedotPay users with local bank accounts can send XRP, USDC, USDT, Bitcoin, Ethereum, Solana, or several other cryptos, and the recipient gets NGN deposited into their bank account within minutes. Ripple’s RLUSD stablecoin will be supported in the future too.
Michael Gao, RedotPay’s CEO, said they’re building stablecoin-powered payments that make digital assets as easy to use as local currency. The company’s already launched similar features for the Brazilian real and Mexican peso, so this is part of a broader expansion into emerging markets.
Jack Cullinane from Ripple said the partnership shows the real-world utility of their licensed payments solution. Asia Pacific has been the fastest-growing region for stablecoin activity, driven mostly by trading and remittances, so the timing makes sense.
Conclusion
RedotPay’s Ripple integration addresses critical pain points in cross-border remittances by offering near-instant settlements at lower costs, expanding stablecoin utility in emerging markets where traditional finance remains expensive and inefficient.
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