RedotPay, a global stablecoin-based payment fintech, today announced a partnership with Ripple, a financial technology company that offers crypto solutions for businesses to extend its stablecoin payment capabilities. In tandem, RedotPay is launching its “Send Crypto, Receive NGN” feature and the expansion of multi-market payouts through its integration with Ripple’s cross-border payment solution, Ripple Payments.

The new feature streamlines conversion from digital assets to NGN for verified users with local bank accounts, enabling faster and more affordable payouts.

“Delivering near‑instant, cost‑effective NGN payouts is a significant milestone,” said Michael Gao, CEO and Co‑Founder of RedotPay. “RedotPay is building stablecoin‑powered payments that make digital assets as easy to use as local currency, where users can send XRP or stablecoins securely and receive NGN within minutes. The integration of Ripple Payments will expand RedotPay’s global reach and better serve the evolving needs of our users – we will remain focused on making digital finance accessible, secure, and efficient for everyone.”

Addressing Global Remittance Pain Points:

Currently, global remittances remain costly and slow, with average fees of 6.49% and settlement times often taking one to five business days. Amidst this inefficiency, the demand for digital alternatives has accelerated. Chainalysis reported that Asia Pacific was the fastest-growing region globally for on-chain stablecoin activity, driven primarily by adoption in trading and remittances. RedotPay is capitalizing on this shift. By integrating Ripple Payments, RedotPay’s new “Send Crypto, Receive NGN” feature tackles these pain points head-on. It leverages enterprise-grade blockchain speed and reliable payout infrastructure to offer transparent pricing and near-instant payout, redefining cross-border payments for consumers seeking lower-cost, faster alternatives.

With payouts typically settled within minutes, the feature currently supports a wide range of cryptocurrencies including USDC, USDT, BTC, ETH, SOL, TON, S, TRX, XRP, BNB. In the future, Ripple’s RLUSD will also be supported. The feature is available to all verified RedotPay users with a local bank account. In a typical transaction, a user sends XRP or another supported asset from RedotPay, and NGN will be sent to the designated local bank account.

Jack Cullinane, Head of Commercial, Asia Pacific at Ripple commented, “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.”