Ripple has secured another important foothold in global remittances via XRP, this time in Africa’s largest market.
Specifically, stablecoin payments fintech RedotPay has integrated Ripple Payments to power instant payments from digital assets to Naira. This partnership introduces a new feature called “Send Crypto, Receive NGN.” It allows users to exchange cryptocurrencies for Nigerian Naira and receive funds into their local bank account within minutes.
This launch places Ripple and RedotPay at the center of one of the world’s most active cryptocurrency markets. Nigeria consistently ranks high in global adoption and search interest.
Instant NGN payments via Ripple payments
The integration of RedotPay and Ripple Payments aims to solve a long-standing problem in cross-border money transfers. World money transfers still have average fees of over 6% and often take several days to clear. In contrast, RedotPay’s new features offer near-instant payments and transparent pricing.
The service supports a wide list of key assets at launch. These include USDT, USDC, BTC, XRP, ETH, SOL, TRX, TON, and BNB. Meanwhile, plans are underway to introduce Ripple’s stablecoin RLUSD later.
Verified users simply send XRP or supported cryptocurrencies through RedotPay and NGN will be deposited directly into their local bank account.
RedotPay CEO Michael Gao said the milestone is an important step toward making stablecoin payments “as easy to use as local currencies.” Gao emphasized that this integration allows users to move value quickly, securely, and affordably.
Ripple says the partnership reflects the real-world utility of its enterprise payments stack. Jack Kallinen, head of commercial for APAC, said Ripple Payments will remove friction from global money transfers, making cross-border transactions faster and more reliable.
Cryptocurrency situation in Nigeria
Nigeria remains a global cryptocurrency hotspot, ranking 6th on Chainaosis’ 2025 Global Adoption Index. However, the regulatory environment is unstable.
Over the past year, the Nigerian SEC has overhauled marketing and advertising rules for crypto companies. The government had previously filed a lawsuit against Binance, accusing the exchange of damaging the naira and failing to pay taxes.
Meanwhile, officials later revealed that many crypto businesses continue to operate without prosecution, and the SEC has indicated an openness to compliant stablecoin services.
This environment has created strong demand for regulated, fast and affordable digital payments infrastructure.
Expansion into further emerging markets
The NGN service is built on RedotPay’s growing multi-market payment network, which already includes ‘Send Crypto, Receive MXN’ in Mexico and ‘Send Crypto, Receive BRL’ in Brazil. The product targets freelancers, digital nomads, small businesses, and expatriates who need an efficient way to move funds across borders.
Meanwhile, RedotPay has been expanding rapidly recently. In September, the company announced it had reached unicorn status following a $47 million strategic investment round backed by Coinbase, Galaxy, Vertex Ventures and others.
Ripple is also expanding internationally. This week, the company received approval from the Central Bank of Singapore to expand its payments operations. Its RLUSD stablecoin has also been approved for institutional use in Abu Dhabi.
Through its partnership with RedotPay, Ripple Payments is now entering Africa’s largest market, with XRP and Ripple’s stablecoin network becoming an important part of cross-border payments in emerging markets.
