RedotPay has joined forces with Ripple to launch a new payment feature designed for one of the world’s most active crypto markets.
The service marketed as “Send Crypto, Receive NGN” allows users to convert major digital assets into Nigerian naira and receive funds directly in their local bank accounts within minutes. Built on Ripple Payments, the system supports USDC, USDT, Bitcoin, Ether, Solana, Tron, XRP and BNB at launch. Ripple’s RLUSD stablecoin is expected to join the lineup once integration is complete.
According to RedotPay CEO Michael Gao, the goal is to make stablecoin-powered payments behave like local money: users send XRP or stablecoins securely and receive NGN almost instantly.
Nigeria recalibrates its crypto stance
Nigeria remains one of the most crypto-engaged countries globally. Chainalysis’ latest Global Adoption Index places it sixth worldwide, reflecting deep retail usage and the continued popularity of digital payments in a market with persistent currency volatility.
Yet regulatory intervention has accelerated over the past two years.
In late 2024, Nigeria’s Securities and Exchange Commission overhauled marketing and advertising rules for crypto firms, part of a broader push toward structured oversight. Tensions escalated in early 2025 when the government launched an $81.5 billion lawsuit against Binance, accusing the exchange of contributing to naira instability and alleging $2 billion in unpaid taxes.
Even so, the rhetoric has softened in some corners of government. Information Minister Mohammed Idris noted in March that many crypto businesses operate legally in the country without facing investigation, and in July, SEC Director-General Emomotimi Agama emphasized that Nigeria remains open to stablecoin companies that comply with local regulations.
Ripple Expands Payments Footprint
Ripple, meanwhile, is deepening its international payments network. The company recently received approval from Singapore’s central bank to scale its payment activities in the region. Its RLUSD stablecoin has also secured clearance for institutional use in Abu Dhabi, indicating widening regulatory acceptance after years of legal scrutiny in the United States.
Partnering with RedotPay in Nigeria gives Ripple another high-growth market for its payments stack and one where crypto-to-fiat flows have historically been underserved.
By anchoring the service on Ripple Payments, both firms hope to create a smoother user experience at a moment when demand for reliable on-and-off-ramps is rising.
A Market Ready for Faster, Localized Cashouts
The new “Send Crypto, Receive NGN” feature arrives amid Nigeria’s ongoing currency challenges, expanding stablecoin usage, and a regulatory framework that is gradually stabilizing after a turbulent year.
If adoption follows the trajectory seen in previous fintech rollouts across the region, the partnership could become one of the most significant crypto-to-fiat integrations in Africa.
Gunel Ismayilova
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