Hong Kong-based fintech firm RedotPay has launched its crypto-backed fee playing cards in South Korea, difficult the nation’s conventional fee infrastructure. Because of Visa integration, Korean customers can now carry out real-time stablecoin transactions.
RedotPay’s Transfer into South Korea
Based in 2023, RedotPay drew consideration with the launch of its crypto card program in late 2024. In February 2025, the corporate accelerated its worldwide crypto fee growth by means of a partnership with Visa and BIN sponsor StraitsX. As of at the moment, RedotPay serves greater than 4 million customers worldwide.
The playing cards, now out there in South Korea, could be obtained as both digital or bodily. Digital playing cards are priced at $10, whereas bodily playing cards value $100. The registration course of solely requires identify, deal with, and ID verification.
Social media customers notice the playing cards are simply accessible. One person on X acknowledged, “There’s no want for a bodily card—you can begin utilizing it straight away in your smartphone after verifying your identification.”
Actual-Time Funds with Bitcoin and USDT
RedotPay playing cards assist main cryptocurrencies like Bitcoin and Ethereum, together with stablecoins reminiscent of USDC and USDt. Customers can load their playing cards by way of networks like Solana, Polygon, BSC, Tron, and Arbitrum.
One of many standout options is the instantaneous stablecoin fee and refund system. When a purchase order is made, stablecoins are immediately deducted from the person’s pockets. If the transaction is canceled, refunds in USDC or USDT are processed inside minutes.
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Suitable with Apple Pay
In Seoul, RedotPay presents Apple Pay compatibility, offering a key benefit. Since Apple Pay is at the moment restricted to Hyundai Card customers in South Korea, this compatibility may considerably increase RedotPay’s aggressive edge.
Crypto Adoption on the Political Agenda
Greater than 16 million folks in South Korea maintain cryptocurrency, making it a central difficulty within the political panorama. Forward of the 2025 presidential elections, main events are unveiling crypto-friendly insurance policies.
On Might 6, Democratic Get together chief Lee Jae-myung pledged to approve spot crypto ETFs if elected. In late April, the ruling Folks Energy Get together additionally made guarantees together with spot ETF approval, stablecoin regulation, and lifting the one-exchange-one-bank rule.
RedotPay’s entry into the Korean market throughout this era is seen as a serious step ahead for customers embracing the crypto ecosystem.
