According to CoinMarketCap, RedotPay is partnering with Ripple to let users convert crypto to Nigerian naira and receive funds in local bank accounts within minutes, with supported assets listed as BTC, ETH, SOL and XRP, indicating an NGN off-ramp service in Nigeria, source: CoinMarketCap. The announcement explicitly highlights minute-level settlement to Nigerian bank accounts, source: CoinMarketCap. The post does not disclose fees, transaction limits, launch timeline or compliance details, source: CoinMarketCap. Because the supported tickers include BTC, ETH, SOL and XRP, the update is directly relevant to traders tracking fiat access and liquidity for these assets in the Nigeria market, source: CoinMarketCap.

According to Cas Abbé, RedotPay offers stablecoin holders the opportunity to earn daily rewards on assets like USDT and USDC without the typical lock-ups, gas fees, or high risk associated with traditional DeFi staking and yield farming. This model provides traders with immediate liquidity access, enhancing capital efficiency and potentially increasing stablecoin utilization for active crypto market participants. Source: Cas Abbé.