Ripple Payments Accelerates XRP and Stablecoins Through NGN Lane

Ripple Payments Powers XRP and Stablecoins Across Fresh NGN Gate

Ripple announced on Dec. 2 that Redotpay integrated Ripple Payments to expand its stablecoin payout network and launch its “Send Crypto, Receive NGN” feature, where users can send XRP or stablecoins and receive Nigerian naira (NGN) through local bank accounts. The update strengthens Redotpay’s ability to support emerging-market settlement needs.

“The new feature streamlines conversion from digital assets to NGN for verified users with local bank accounts, enabling faster and more affordable payouts,” the announcement states. Michael Gao, co-founder and CEO of Redotpay, explained:

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.

“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 company further explained the scope of the rollout. “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.”

Read more: Ripple Sees Huge Stablecoin Demand With RLUSD Perfectly Positioned

These details were set against ongoing friction in global remittance channels, where costs remain high and settlement times can stretch across days, pushing users toward more efficient digital alternatives.

Redotpay’s Send Crypto, Receive NGN expansion adds to its earlier BRL and MXN payout corridors, addressing demand from freelancers, digital nomads, and individuals working abroad who need quicker liquidity across borders. Pro- crypto advocates note that stablecoin-powered settlement paths can reduce transfer friction, improve transparency, and offer a practical alternative to slower correspondent banking rails, advancing digital asset use in developing markets.

FAQ ⏰

• What does Redotpay’s new NGN feature enable?
  It allows users to send XRP or stablecoins and receive Nigerian naira directly into local bank accounts.
• Which assets does the payout feature currently support?
  It supports USDC, USDT, BTC, ETH, SOL, TON, S, TRX, XRP, and BNB, with RLUSD coming later.
• How fast are Redotpay’s NGN payouts?
  Most payouts settle within minutes for verified users with local bank accounts.
• Who benefits most from Redotpay’s expanded payout corridors?
  Freelancers, digital nomads, and workers abroad seeking quicker, cheaper cross-border liquidity benefit the most.