RedotPay taps Ripple to roll out Nigerian naira crypto cashouts
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RedotPay stated that users can convert cryptocurrency into Nigerian naira and receive funds directly in their local bank accounts within minutes.
RedotPay has teamed up with Ripple to launch “Send Crypto, Receive NGN,” a new feature that lets users convert digital assets into Nigerian naira and receive funds in local bank accounts within minutes.
The service is built on Ripple Payments and supports a basket of major tokens at launch, including USDC (USDC), USDt (USDT), Bitcoin (BTC), Ether (ETH), Solana (SOL), Tron (TRX), XRP (XRP) and BNB (BNB), with Ripple USD (RLUSD) expected to be added later, Ripple said in a Tuesday announcement.
“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,” RedotPay’s CEO Michael Gao said.
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