Ripple and RedotPay Launch XRP-Powered Instant NGN Remittances

Published: 2025-12-02 17:26:08 |

Ripple has integrated Ripple Payments with RedotPay to launch “Send Crypto, Receive NGN,” an instant crypto-to-Naira payout service for verified Nigerian bank accounts. The rail accepts XRP, USDC, USDT, BTC, ETH, SOL, TON, TRX and BNB now, with Ripple’s RLUSD planned for later. RedotPay says the integration delivers near-instant conversion and direct bank payouts within minutes, lowering settlement time and fees versus traditional remittance channels (which average about 6.49% fees and can take up to five business days). Michael Gao, RedotPay’s CEO, framed the rollout as making digital assets function like local currency for faster cross-border payouts. The launch extends RedotPay’s multi-market payout stack (after Brazil and Mexico), targets freelancers, diaspora workers and cross-border payees in Nigeria, and underscores Ripple’s push to grow on-chain payment utility and stablecoin/XRP-led payouts in regions with slow, expensive legacy systems. Traders should note the potential for increased transactional demand for XRP and USDC in the Nigerian corridor, ongoing regulatory context in Nigeria, and Ripple’s positioning to reduce remittance costs and latency.

Bullish

This integration is likely bullish for XRP (and stablecoins like USDC) because it directly expands real-world payment utility and could increase on-chain transaction and settlement demand along a Nigerian remittance corridor. Short-term: announcements often drive attention and speculative buying, especially for XRP since it’s explicitly integrated; trading volume could rise as market participants reposition for anticipated payment flow growth. Medium-to-long-term: if the service sees meaningful adoption by freelancers, diaspora workers and payers, it may create sustained utility-driven demand for XRP for settlement rails and USDC for stable-value transfers, supporting price resilience. Risks that could temper upside include: slow user adoption, competition from other rails or stablecoins, and Nigeria’s evolving regulatory landscape which could constrain usage. Overall, the direct product integration and stated reduction in settlement time/fees point to a positive demand impulse for XRP and on-chain stablecoins, hence a bullish view on price impact for the mentioned tokens.