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Singapore/Lagos, December 2, 2025.
Crypto payment giant RedotPay has officially launched “Send Crypto, Receive NGN” in partnership with Ripple Payments, enabling millions of users to convert XRP and major stablecoins into Nigerian naira (NGN) and receive funds in local bank accounts in minutes instead of days.
The new feature, rolled out today, marks one of the most practical real-world uses of blockchain for Africa’s largest remittance market, which receives more than $20 billion annually.
Key Takeaways
- Instant settlement: Crypto → Naira in minutes, 24/7
- Massive cost savings: Fees typically <1% vs. 6-9% legacy average
- No recipient app needed, money lands directly in any Nigerian bank
- Supports 9 major cryptocurrencies today, RLUSD coming soon
- Available now to all verified RedotPay users
How the Integration Works
RedotPay users can now send USDT, USDC, XRP, BTC, ETH, SOL, TON, TRX, or BNB from their app wallet.
Ripple Payments handles the on-chain conversion and final settlement, delivering naira directly to any Nigerian bank account, all with full transparency and no pre-funding required on the recipient side.
“Traditional corridors charge 6-9% and take up to five business days,” said RedotPay CEO James Liu in an exclusive statement. “We’re bringing that down to minutes and under 1% total cost using Ripple’s proven enterprise rails.”
Real-World Impact Already Felt
A Lagos-based freelance developer who tested the feature yesterday told reporters:
“I sent 500 USDT from Singapore at 10:12 a.m. My mom had the exact naira equivalent in her GTBank account by 10:17 a.m., no Western Union queue, no 7% bite.”
The service currently reaches RedotPay’s verified user base of over 5 million across 100+ countries and works alongside the company’s crypto Visa card, accepted at more than 130 million merchants worldwide.
Why Nigeria Matters
- Nigeria is Africa’s top remittance recipient ($20B+ yearly)
- Crypto adoption in Africa grew 1,200% year-over-year (Chainalysis 2025 Geography of Cryptocurrency Report)
- The naira lost ~60% of its value against the dollar in the past 18 months, pushing diaspora workers toward stablecoins
Ripple’s upcoming RLUSD stablecoin is already confirmed for future integration, which will give users an additional regulated USD-pegged option for even smoother transfers.
The Bigger Picture for Global Remittances
Today’s launch follows RedotPay’s recent “Send Crypto, Receive BRL” (Brazil) and “Receive MXN” (Mexico) features, signaling a broader push into high-volume emerging-market corridors.
Industry analysts see this as a direct challenge to legacy players like Western Union and MoneyGram in markets where speed and cost are everything.
Read Next:
- Rise Stablecoin Payroll Review 2026
- Stablecoins on Bitcoin
- The Neobank Transition Report: Stablecoin Effects on Banking
FAQs:
1. What is “Send Crypto, Receive NGN”?
A new RedotPay feature powered by Ripple Payments that converts cryptocurrencies (USDT, USDC, XRP, etc.) into Nigerian naira and deposits it instantly into any local bank account.
2. Which cryptocurrencies are supported right now?
USDT, USDC, XRP, BTC, ETH, SOL, TON, TRX, and BNB. Ripple’s RLUSD stablecoin will be added in the coming weeks.
3. How long does the money actually take to arrive?
Most transfers complete in under 5 minutes, with many users reporting 30-90 seconds from send to bank credit.
4. Do I need to be in Nigeria to use this?
No, the sender can be anywhere in the world. Only the recipient needs a Nigerian bank account.
5. Are there limits or KYC requirements?
Verified RedotPay accounts (standard ID verification) have daily limits starting at $10,000 equivalent and scaling higher with enhanced verification.
With this move, RedotPay and Ripple have set a new benchmark for what “fast remittances” actually means, and millions of Nigerian families are already feeling the difference today.
