Source: Coindoo
Original Title: Ripple News: Crypto Firm Secures Major New Partnership to Expand Payment Network
Original Link: https://coindoo.com/ripple-news-crypto-firm-secures-major-new-partnership-to-expand-payment-network/
Africa’s remittance corridors are seeing rapid experimentation, and RedotPay has stepped into the spotlight with a feature that converts crypto transfers into Nigerian naira almost instantly.
The company has tapped Ripple’s settlement technology to streamline the process, offering an alternative to the often slow, expensive flow of traditional international transfers.
The service does not treat digital assets as speculative instruments. Instead, users can send a wide range of cryptocurrencies — from XRP and USDT to BTC, ETH, SOL, TON, TRX, and BNB — and recipients receive NGN deposited directly into their bank accounts.
Ripple’s RLUSD stablecoin is expected to be added next. RedotPay CEO Michael Gao emphasized that, by pairing stablecoin settlement with Ripple’s backend, the system aims to make crypto feel as simple and predictable as using a local mobile money app.
Ripple’s Broader Push Across the Continent
This rollout comes as Ripple deepens its footprint in several high-growth regions. The company recently extended its regulatory permissions in Singapore, and earlier partnerships with Chipper Cash, Yellow Card, and VALR laid groundwork for improved settlement options across Africa.
Ripple’s Reece Merrick described the RedotPay integration as a meaningful advancement for lowering cross-border payment costs and bringing faster digital alternatives to users who rely heavily on remittances.
Bridging Digital Assets and Local Banking
Rather than replacing financial institutions, RedotPay’s model layers blockchain settlement on top of existing banking rails. The practical outcome is simple: a sender can choose a supported cryptocurrency, initiate a transfer from anywhere in the world, and the recipient in Nigeria receives NGN without touching an exchange or dealing with conversion risk. The company sees this as the first step in a wider effort to modernize how money moves across borders.
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SybilSlayer
· 5h ago
ngl Ripple is up to something in Africa again—this time with cross-border remittances at grandma-level speed. PayPal users really should pay attention.
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GasWastingMaximalist
· 12-03 06:48
ngl Ripple is up to something in Africa again, this time in Nigeria. Stablecoin settlement sounds good, but I wonder if the slippage will be crazy.
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MeaninglessGwei
· 12-03 06:43
Ha, finally someone is making efforts in Africa, Ripple's move this time is pretty solid.
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NFT_Therapy
· 12-03 06:35
There’s new movement in the African payments sector—Ripple is playing its hand pretty steadily. But can stablecoin settlement really be implemented?
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PuzzledScholar
· 12-03 06:31
Nigerian stablecoin channel? Remittances in Africa are finally getting some speed, this move by Ripple is pretty good.
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ShibaMillionairen't
· 12-03 06:26
Wow, now even Africa can get fiat instantly. This is a smart move by Ripple.
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DegenWhisperer
· 12-03 06:22
Finally, there’s a project that has figured out remittances in Africa. Ripple’s solution can indeed address the pain points.
Ripple Partners with RedotPay to Enable Instant Crypto-to-Naira Remittances in Africa
Source: Coindoo Original Title: Ripple News: Crypto Firm Secures Major New Partnership to Expand Payment Network Original Link: https://coindoo.com/ripple-news-crypto-firm-secures-major-new-partnership-to-expand-payment-network/ Africa’s remittance corridors are seeing rapid experimentation, and RedotPay has stepped into the spotlight with a feature that converts crypto transfers into Nigerian naira almost instantly.
The company has tapped Ripple’s settlement technology to streamline the process, offering an alternative to the often slow, expensive flow of traditional international transfers.
The service does not treat digital assets as speculative instruments. Instead, users can send a wide range of cryptocurrencies — from XRP and USDT to BTC, ETH, SOL, TON, TRX, and BNB — and recipients receive NGN deposited directly into their bank accounts.
Ripple’s RLUSD stablecoin is expected to be added next. RedotPay CEO Michael Gao emphasized that, by pairing stablecoin settlement with Ripple’s backend, the system aims to make crypto feel as simple and predictable as using a local mobile money app.
Ripple’s Broader Push Across the Continent
This rollout comes as Ripple deepens its footprint in several high-growth regions. The company recently extended its regulatory permissions in Singapore, and earlier partnerships with Chipper Cash, Yellow Card, and VALR laid groundwork for improved settlement options across Africa.
Ripple’s Reece Merrick described the RedotPay integration as a meaningful advancement for lowering cross-border payment costs and bringing faster digital alternatives to users who rely heavily on remittances.
Bridging Digital Assets and Local Banking
Rather than replacing financial institutions, RedotPay’s model layers blockchain settlement on top of existing banking rails. The practical outcome is simple: a sender can choose a supported cryptocurrency, initiate a transfer from anywhere in the world, and the recipient in Nigeria receives NGN without touching an exchange or dealing with conversion risk. The company sees this as the first step in a wider effort to modernize how money moves across borders.