Nium has partnered with RedotPay to provide off-ramp infrastructure for the fintech's users, giving RedotPay access to Nium's payment network in more than 190 countries.
RedotPay, which says it serves more than nine million users, will use the partnership to expand the markets where customers can convert stablecoin balances into traditional money for spending or transfers. Nium's network supports 100 currencies.
The agreement connects a stablecoin payments provider with a cross-border payments network as digital asset firms seek easier ways for users to move between blockchain-based funds and conventional financial systems. Off-ramping has become a focus for payments companies because it determines how easily customers can use digital assets for everyday transactions.
Nium's network moved more than USD $84 billion over the past year. It operates in more than 190 markets and holds regulatory licences in more than 40 countries.
RedotPay describes itself as a stablecoin-based payments fintech that combines blockchain systems with traditional banking and financial infrastructure. It said the partnership would broaden its off-ramp coverage as it expands into additional markets.
Nium connects to stablecoin rails through partnerships with regulated blockchain infrastructure providers, while payouts move through its own licensed payment network. This structure allows digital asset transactions to convert and pay out through existing financial channels, including bank accounts, wallets, and cards.
For RedotPay, the partnership is intended to make it easier for users to move funds out of stablecoins and into spendable forms of money. The company has focused on consumer payments and transfers, positioning stablecoins as a tool for everyday financial use rather than only for trading or holding crypto assets.
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