Ripple and RedotPay Launches New Payment Feature

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'Send Crypto, Receive NGN': Ripple and RedotPay Launches New Payment Feature

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 02, 2025

Key Takeaways

RedotPay and Ripple launched "Send Crypto, Receive NGN", which enables users to convert crypto to naira and receive funds in minutes;
Built on Ripple Payments, the service supports major tokens like USDC, BTC, ETH, and XRP, with RLUSD integration coming soon;
Aimed at simplifying crypto use in Nigeria, only verified users can send digital assets and get NGN instantly into local accounts.

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'Send Crypto, Receive NGN': Ripple and RedotPay Launches New Payment Feature

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RedotPay, a global stablecoin-based payment fintech, has joined forces with Ripple to introduce a new feature called "Send Crypto, Receive NGN".

The partnership allows users to convert digital assets into Nigerian naira and have the funds deposited into local bank accounts within minutes.

This feature is built on Ripple Payments and initially supports several major tokens, including USDC, USDT, Bitcoin BTC $87,408.57 , Ether, Solana SOL $130.46 , Tron TRX $0.2778 , XRP XRP $2.04 and BNB BNB $844.21 , with RLUSD expected to be added later.

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According to RedotPay's CEO, Michael Gao, the aim is to make crypto payments as easy as using local currency. This enables users to send XRP or stablecoins securely and receive NGN quickly.

Only verified users with Nigerian bank accounts can access this service, which allows them to send supported cryptocurrencies and receive naira directly into their local accounts within minutes.

Nigeria has seen stricter crypto regulations, such as the Nigerian Securities and Exchange Commission tightening rules around crypto marketing and advertising in December 2024.

In September, RedotPay achieved unicorn status after securing a $47 million strategic investment round. That round included backing from Coinbase $2.27B Ventures, as well as Galaxy Ventures and Vertex Ventures.

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