A Hong Kong-based fintech company redotpay It has launched a crypto-assisted payment card in Korea, and is challenging the country’s traditional payment infrastructure. Thanks to Visa Integration, it can now be run by Korean users Real-time Stablecoin transactions.
RedotPay moves to Korea
Founded in 2023, RedotPay focused on the launch of its Crypto Card Program in late 2024. Visa and Bin Sponsor Straitsx. As of today, RedotPay offers more services than that 4 million users worldwide.
Cards currently available in Korea are available as virtual or physical. Virtual Card Price $10there is a physical card cost $100. Required for the registration process Name, address, and ID verification.
Please note that social media users have easy access to the card. One user of X said, “You don’t need a physical card. After you have verified your identity, you can start using it right away on your smartphone.”
Real-time payments with Bitcoin and USDT
RedotPay cards support major cryptocurrencies Bitcoin and Ethereumalong with stablecoins such as USDC and USDT. Users can load cards over a network like Solana, Polygon, BSC, Tron, and ARB.
One of the outstanding features is Instant Stubcoin Payment and Refund System. Once a purchase is made, the stubcoin will be deducted immediately from the user’s wallet. If the transaction is cancelled, a refund will be made USDC or USDT It will be processed within a few minutes.
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Compatible with Apple Pay
RedotPay offers in Seoul Apple Pay compatibilityoffers important benefits. Apple Pay is currently limited to Korean Hyundai Card users, so this compatibility could greatly increase RedotPay’s competitiveness.
Adopting cryptography on political agendas
More 16 million people in Korea hold cryptocurrencymakes it a central issue of political landscapes. Ahead of the 2025 presidential election, major political parties have made clear code-friendly policies.
May 6th, Democratic leader Lee Jae-myung I promised to approve Spot Crypto ETF If selected. Late April, arbitration People Power Party There were also promises such as approval of Spot ETFs, Stablecoin Regulation, and lifting of one bank rule for one exchange.
During this period, RedotPay’s entry into the Korean market is considered a major step forward for users who employ it. Cryptographic ecosystems.