Paul Atkins

Shift

Pacific

Chair

<ul>
 <li>RedotPay partners with Ripple to accelerate instant crypto to NGN payouts.</li>
 <li>New feature boosts low cost remittances using fast stablecoin settlement rails.</li>
 <li>Integration expands RedotPay’s multi market access for global cross border users.</li>
</ul>
RedotPay has moved to strengthen its global payment network after unveiling a partnership with Ripple aimed at improving stablecoin powered transactions. The development introduces a new option that lets verified users send supported digital assets and receive ₦NGN payouts directly into local bank accounts within minutes. 
According to the <a href="https://ripple.com/ripple-press/redotpay-integrates-ripple-payments-to-extend-stablecoin-reach-and-launches-send-crypto-receive-ngn/" rel="noopener noreferrer nofollow">announcement</a>, the feature is designed to simplify conversions from assets such as XRP, USDC, USDT, BTC, ETH, SOL, TON, S, TRX and BNB. It also prepares for the future addition of Ripple’s RLUSD. RedotPay stated that the update reflects its commitment to expanding fast and affordable payment channels across emerging markets. 
Also Read: <a href="https://36crypto.com/sec-chair-paul-atkins-reveals-plans-for-crypto-innovation-exemption-rules/" rel="noopener noreferrer nofollow">SEC Chair Paul Atkins Reveals Plans for Crypto Innovation Exemption Rules</a> 
<h2 id="faster-processing-reshapes-redotpay-s-payout-structure">Faster processing reshapes RedotPay’s payout structure</h2>
Besides improving speed, the company highlighted the role of the integration in lowering remittance costs. Average global remittance fees stand at 6.49%, while settlement can still stretch to five business days. RedotPay aims to reduce this burden by using Ripple Payments to deliver near instant processing backed by transparent pricing. 
Consequently, Michael Gao who serves as CEO and Co Founder of RedotPay described the launch as a major step toward making digital assets easier to use for everyday transactions. He explained that users can send XRP or supported stablecoins from RedotPay and receive ₦NGN in minutes which he said reinforces broader efforts to provide secure and efficient access to digital finance. 
<h2 id="shift-toward-multi-market-access-strengthens-redotpay-s-strategy">Shift toward multi market access strengthens RedotPay’s strategy</h2>
Moreover, the company noted that the new <a href="https://36crypto.com/ripple-exec-we-are-delivering-the-level-of-bank-security-institutions-have-been-asking-for/" rel="noopener noreferrer nofollow">feature supports workers</a> who move funds across borders, including freelancers, digital nomads and entrepreneurs. It follows earlier releases that enabled users to send crypto and receive R$BRL or $MXN, signalling a steady push into wider payout corridors. 
Meanwhile, Jack Cullinane who leads commercial operations for Asia Pacific at Ripple said the partnership underscores the practical utility of Ripple Payments. He stated that the solution reduces friction that continues to slow traditional cross border transfers by providing faster and more reliable settlement. 
Additionally, RedotPay stressed that on chain stablecoin activity across Asia Pacific has grown rapidly. Chainalysis reported that the region leads global expansion due to rising usage in trading and remittances. RedotPay believes this trend strengthens the demand for stablecoin based alternatives that deliver faster movement of funds. 
Hence, the company confirmed that the new service remains available to all RedotPay users who complete verification and maintain a local bank account. Each payout is processed through Ripple’s infrastructure to ensure consistent settlement within minutes. 
Also Read: <a href="https://36crypto.com/south-koreas-ruling-party-sets-deadline-for-stablecoin-regulation-proposal/" rel="noopener noreferrer nofollow">South Korea’s Ruling Party Sets Deadline for Stablecoin Regulation Proposal</a> 
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The post <a href="https://36crypto.com/redotpay-broadens-its-cross-border-footprint-as-it-links-with-ripple-to-boost-stablecoin-payouts/" rel="noopener noreferrer nofollow">RedotPay broadens its cross border footprint as it links with Ripple to boost stablecoin payouts</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

RedotPay broadens its cross border footprint as it links with Ripple to boost stablecoin payouts

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