RedotPay enters South Korea with crypto-powered payment cards

RedotPay, a Hong Kong fintech firm, launched cryptocurrency-enabled payment cards in South Korea. These cards, available physically and virtually, are accepted at all Visa merchants in the country. The launch follows RedotPay's global expansion and partnership with Visa. The company boasts over 4 million users worldwide and offers cards with minimal verification. Users can load cards with various cryptocurrencies including Bitcoin and Ether, and stablecoins like USDC and USDT. A key feature is RedotPay's real-time stablecoin payment and refund system. The cards are compatible with Apple Pay in Seoul, providing a competitive advantage. South Korea's growing crypto adoption and political discussions surrounding crypto regulation create a favorable environment for RedotPay. Both major political parties have expressed pro-crypto stances in the lead up to the 2025 presidential election.