According to reports, the Fintech firm, based in Hong Kong, has launched its payment cards enabled for cryptocurrencies in South Korea, positioning itself as a possible disruptor in a market dominated by traditional credit card companies and mobile companies and mobile companies and mobile and mobile companies.
The company’s cryptographic debit cards, both physical and virtual, now now accepted in all Korean merchants who support the visa, according to a report on May 9 of the Daily Economic de Korea.
The movement marks the last step of Redotpay in the global expansion, after its previous association with Straitsx Visa and Bin sponsor in February 2025 to improve the payment capabilities of crypto of cross -border edges.
Redotpay, founded in 2023, has quickly expanded its soft launch from its Crypto card program at the end of 2024. Now it serves more than 4 million users worldwide.
In South Korea, users can receive a virtual card for $ 10 or a physical card for $ 100, with minimal verification requirements, including name, address and identification.
Reports on social networks indicate that the card is currently notable for Korean users. “You can use it immediately with your smartphone without a physical card simply verifying your identity after the broadcast,” a user wrote in X.
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Redotpay cards support main cryptocurrencies
Redotpay cards support the main cryptocurrencies such as Bitcoin (BTC) and Ethher (ETH) and Stablecoins such as USDC (USDC) and USDT (USDT). Users can load their cards with cryptographic assets from several blockchains, including Solana, Polygon, BSC, Tron and Referee.
An outstanding feature is the payment and reimbursement system for real -time payment and reimbursement of Redotpay. When a purchase is made, Stablecoins instantly deduct from the user’s wallet.
If a transaction is canceled, reimbursements in USDC or USDT are processed in minutes.
Redotpay is also compatible with Apple Pay in Seoul, which gives it an advantage in a market where Apple Pay is currently limited to Hyundai card customers. Compatibility could be crucial since Redotpay defies the established payment infrastructure of Korea.
The adoption of cryptography has an accelerated bone in South Korea, where, according to reports, more than 16 million people have cryptography. This has also made Crypto a key issue in the presidential race of South Korea of 2025.
On May 6, the South Korean Democratic Party, Lee Jae-Myung, became the last presidential candidate to promise the approval of the funds (ETF) quoted in cryptocurrency exchange (ETF) and other friendly measures with cryptographic, if chosen.
The ruling party of South Korea, the People Power Party, also made promises of cryptographic policies at the end of April, which included allowing ETF spot Cryptto, dismantling the controversial of Korea a bank of an exchange for the stake and establishing a regulatory regulatory regulator.
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