Hong Kong’s stablecoin payment platform RedotPay has tapped Nium’s global payment network to help users convert stablecoins into traditional currencies.
Nium announced the partnership at TOKEN2049 in Singapore.
Its network spans 100 currencies and 190 countries. RedotPay will use it to expand its stablecoin off-ramp coverage into new markets.
RedotPay has more than nine million users globally.
Nium reported that its cross-border payments network moved more than US$84 billion over the past year.
“Stablecoins are becoming a daily payment method, not just a trading asset. RedotPay’s users move between digital and traditional money constantly.
Our battle-tested infrastructure is built for exactly that kind of value movement, across every corridor and currency they need.”
said Prajit Nanu, CEO and Co-founder of Nium.
“We are building an inclusive platform that makes finance easier and more accessible for users around the world.
Nium’s off-ramp infrastructure will help our users worldwide put their digital assets to work for the everyday things that make life meaningful.”
said Michael Gao, CEO and Co-founder of RedotPay.
Nium connects to stablecoin networks through partnerships with regulated blockchain infrastructure providers. Payouts move through its own licensed payment network.
Featured image: Edited by Fintech News Singapore, based on image by fikretim via Magnific
