According to The Fintech Times, stablecoin payment company RedotPay has announced a partnership with Ripple to launch the 'Send Crypto, Receive NGN' feature, enabling instant conversion of crypto assets like USDT, USDC, XRP, BTC, ETH into Nigerian Naira and direct deposit into local banks, significantly reducing cross-border payment settlement times to just a few minutes. Nigeria's cross-border remittance volume in 2024 is estimated to reach $21 billion, while stablecoin transaction volume is nearly $59 billion annually, with crypto being more utility-focused in the region. RedotPay announced in May this year that it completed a $47 million strategic funding round, with participation from Coinbase Ventures. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=53049