RedotPay partners with Ripple to launch “Send Crypto, Receive NGN” feature, allowing users to convert digital assets into Nigerian naira and receive funds in local bank accounts within minutes. Service supports major tokens like USDC, USDT, BTC, ETH, SOL, TRX, XRP, and BNB, with RLUSD expected later.

Nigeria ranks sixth in Chainalysis’ 2025 Global Adoption Index. Despite being active in crypto, Nigerian regulators tightened laws around crypto marketing and advertising in December 2024. The country also filed an $81.5 billion lawsuit against Binance. However, Information Minister Mohammed Idris mentioned many crypto businesses operate in Nigeria without legal issues.

RedotPay attains unicorn status after securing a $47 million investment round. Ripple expands payment services, receiving approval in Singapore to expand payment activities and approval for institutional use of RLUSD stablecoin in Abu Dhabi. Nigeria opens doors to stablecoin businesses that comply with local regulations.

Read more at Cointelegraph: RedotPay Launches NGN Crypto Cashouts via Ripple