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RedotPay enters South Korea with crypto-powered payment cards

cryptoweekly by cryptoweekly
May 10, 2025
in bitcoin, News
0

RedotPay’s crypto cards are now live in South Korea, challenging the country’s traditional payment networks with real-time stablecoin transactions.

Hong Kong-based fintech firm RedotPay has reportedly launched its cryptocurrency-enabled payment cards in South Korea, positioning itself as a potential disruptor in a market dominated by traditional credit card firms and mobile payment services.

The company’s crypto debit cards—both physical and virtual—are now accepted at all Korean merchants that support Visa, according to a May 9 report by The Korea Economic Daily.

The move marks RedotPay’s latest step in global expansion, following its earlier partnership with Visa and BIN sponsor StraitsX in February 2025 to enhance cross-border crypto payment capabilities.

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  • Less than 15% Bitcoin left on crypto exchanges signals ‘supply problem’
  • Strategy set to post $13B Bitcoin gains, but revenue stalls
  • US Senate passes Trump’s budget bill without provision on crypto taxes
  • XRP news update: Traders predict consolidation to $2.35 amid ETF speculation
  • Crypto PAC-backed candidate wins Virginia primary for vacant House seat
  • Pi news update: Bulls aim to hold $0.47 support as bears reject breakout
  • Crypto hacks are a wake-up call for DeFi

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