RedotPay and Ripple Launch New Crypto Conversion Feature

RedotPay and Ripple Launch New Crypto Conversion Feature

user avatar

by Katerina Papadopoulou

9 months ago

Made with AI

In a significant move for the Nigerian cryptocurrency market, RedotPay has partnered with Ripple to introduce a new feature that streamlines the conversion of digital assets into local currency. This innovative service, named Send Crypto, Receive NGN, aims to enhance the accessibility of cryptocurrencies for users in Nigeria, as enthusiastically stated in the publication.

Introduction of Send Crypto, Receive NGN Feature

The Send Crypto, Receive NGN feature allows users to convert a variety of major cryptocurrencies, including:

  • USDC
  • USDT
  • Bitcoin
  • Ethereum
  • Solana
  • Tron
  • XRP
  • BNB

into Nigerian naira. This conversion process is designed to be swift, enabling users to receive funds in their local bank accounts within minutes.

Future Integration of Ripple's USD RLUSD

Additionally, Ripple's USD RLUSD is expected to be integrated into the service in the near future, further expanding the options available to users. Verified users can easily send supported cryptocurrencies and enjoy the convenience of receiving NGN directly into their bank accounts, marking a significant step towards the mainstream adoption of digital assets in Nigeria.

Pudgy Penguins has recently transitioned into a comprehensive Web3 brand, leveraging its PENGU token to enhance community engagement. This development contrasts with RedotPay's new feature for cryptocurrency conversion in Nigeria. For more details, see read more.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

XRP Ledger Reaches 3 Billion Transactions Milestone

chest

The XRP Ledger has achieved a remarkable milestone by crossing 3 billion cumulative transactions.

user avatarNguyen Van Long

Cardano's Blockchain Verification Infrastructure Deployed by Major Retail Group

chest

A major retail group has successfully deployed blockchain verification infrastructure built around Cardano's ecosystem, enhancing the verification of authenticity, origin, and sustainability claims within supply chains.

user avatarSatoshi Nakamura

MoonPay Introduces PayBox: A New Era for Crypto Payments in Chatbots

chest

MoonPay has launched PayBox, a payment tool designed to let crypto transactions happen directly inside Grok AI chatbot workflows.

user avatarJesper Sørensen

Defillama Releases New Report on Industry Metrics

chest

A new report has been released by Defillama, focusing on key metrics in the industry. This report aims to provide insights into the current trends and developments.

user avatarRajesh Kumar

Farside Enforces a Rigid Editorial Policy.

chest

Farside has announced a strict editorial policy focusing on accuracy, relevance, and impartiality to enhance reporting quality and build audience trust.

user avatarLucas Weissmann

New SEC Report Published.

chest

A report has been released based on information provided by the SEC, aimed at informing the public and increasing transparency regarding its activities.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.