RedotPay and Ripple Revolutionize Crypto-to-Naira Transfers in Nigeria

RedotPay and Ripple have launched a service in Nigeria allowing users to convert major cryptocurrencies into Naira and receive funds in local bank accounts within minutes, streamlining crypto-to-fiat transactions.

RedotPay has partnered with Ripple to launch a new crypto-to-fiat payout service in Nigeria, enabling users to convert cryptocurrencies such as Bitcoin, USDC, USDT, ETH, SOL, TRX, XRP, and BNB into Nigerian Naira (NGN) and receive funds directly in local bank accounts within minutes. The "Send Crypto, Receive NGN" feature leverages Ripple’s licensed cross-border payment solution, offering faster and more affordable payouts compared to traditional financial systems. This initiative addresses the need for reliable off-ramps for Nigeria’s large and tech-savvy population, simplifying remittances and everyday transactions for individuals and businesses. The service supports a wide range of digital assets and aims to reduce the high costs and delays associated with global remittances. Despite regulatory challenges in Nigeria’s crypto landscape, RedotPay’s integration with Ripple Payments delivers transparent pricing, near-instant settlements, and is available to all verified users with local bank accounts. The partnership is seen as a significant step toward financial inclusion and practical crypto adoption in one of Africa’s most active crypto markets.