RedotPay Integrates Ripple Payments for NGN Stablecoin Transfers

The new feature enables users to send cryptocurrency and receive Nigerian naira (NGN) via enhanced stablecoin payout rails.

Summary

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Terms & Concepts
  • Ripple Payments: A blockchain-based payment solution by Ripple enabling fast, low-cost transfers using the Ripple network.
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as fiat currency, to reduce price volatility.
  • NGN: The currency code for the Nigerian naira, the official currency of Nigeria.