Hong Kong-based fintech agency RedotPay has reportedly launched its cryptocurrency-enabled cost playing cards in South Korea, positioning itself as a possible disruptor in a market dominated by conventional bank card corporations and cellular cost companies.
The corporate’s crypto debit playing cards—each bodily and digital—are actually accepted in any respect Korean retailers that assist Visa, based on a Could 9 report by The Korea Financial Every day.
The transfer marks RedotPay’s newest step in world enlargement, following its earlier partnership with Visa and BIN sponsor StraitsX in February 2025 to boost cross-border crypto cost capabilities.
RedotPay, based in 2023, has quickly scaled for the reason that tender launch of its crypto card program in late 2024. It now serves greater than 4 million customers worldwide.
In South Korea, customers can obtain a digital card for $10 or a bodily card for $100, with minimal verification necessities, together with identify, handle, and ID.
Studies on social media point out that the cardboard is presently obtainable to Korean customers. “You need to use it immediately along with your smartphone with out a bodily card by merely verifying your identification upon issuance,” one consumer wrote on X.
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RedotPay playing cards assist main cryptocurrencies
The RedotPay playing cards assist main cryptocurrencies like Bitcoin (BTC) and Ether (ETH) and stablecoins corresponding to USDC (USDC) and USDt (USDT). Customers can load their playing cards with crypto belongings from several blockchains, together with Solana, Polygon, BSC, Tron, and Arbitrum.
One standout characteristic is RedotPay’s real-time stablecoin cost and refund system. When a purchase order is made, stablecoins are deducted immediately from the consumer’s pockets.
If a transaction is canceled, refunds in USDC or USDT are processed inside minutes.
RedotPay can be appropriate with Apple Pay in Seoul, giving it an edge in a market the place Apple Pay is presently restricted to Hyundai Card prospects. The compatibility might show essential as RedotPay challenges Korea’s established cost infrastructure.
Crypto adoption has been accelerating in South Korea, the place over 16 million people reportedly hold crypto. This has additionally made crypto a key matter within the 2025 South Korean presidential race.
On Could 6, South Korea’s Democratic Occasion chief Lee Jae-myung became the latest presidential candidate to vow the approval of spot crypto exchange-traded funds (ETFs) and different crypto-friendly measures, ought to he be elected.
South Korea’s ruling occasion, the People Power Party, additionally reportedly made crypto coverage guarantees in late April, which included permitting spot crypto ETFs, dismantling Korea’s controversial one-exchange-one-bank rule, and establishing a regulatory framework for stablecoins.
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