The Fintech company Redotpay based in Hong Kong has reportedly launched its cryptocurrency-capable payment cards in South Korea and positioned itself as a possible disruptor in a market dominated by conventional bank card firms and mobile payment services.
The company's crypto -debit cards – each physically and virtually – are accepted in all Korean dealers who support the visa, as from a report of the Korea's economic time from May 9.
The move is the recent step of Redotpay in the worldwide expansion in accordance with his previous partnership with Visa and Bin Sponsor Straitsx in February 2025 to enhance cross-border crypto payment skills.
Redotpay, founded in 2023, has been quickly scaled because the soft start of his crypto card program at the tip of 2024. It now serves greater than 4 million users worldwide.
In South Korea, users can receive a virtual card for 10 US dollars or a physical card for $ 100, with minimal review requirements, including name, address and ID.
Reports about social media show that the cardboard is currently available to Korean users. “You can use it immediately together with your smartphone with out a physical card by simply checking your identity after output,” wrote a user on X.
Source: Blippi
Redotpay cards support necessary cryptocurrencies
The RedotPay cards support necessary cryptocurrencies resembling Bitcoin (BTC) and Ether (Eth) and stable coins resembling USDC (USDC) and USDT (USDT). Users can load their cards with crypto -assets from several blockchains, including Solana, Polygon, BSC, Tron and Arbitrum.
An outstanding function is the real-time tablecoin payment and reimbursement system from Redotpay. If a purchase order is made, stable coins are immediately deducted from the user's wallet.
If a transaction is canceled, reimbursements in USDC or USDT can be processed inside minutes.
Redotpay can be compatible with Apple Pay in Seoul and offers him a bonus in a market where Apple Pay is currently limited to Hyundai card customers. The compatibility could prove to be crucial, since Redotpay questions Korea's established payment infrastructure.
The crypto adoption accelerates in South Korea, where greater than 16 million people report crypto. Krypto also made this right into a key topic within the South Korean presidential race in 2025.
On May sixth, the South Korean leader of the Democratic Party, Lee Jae-Myung, was the most recent presidential candidate who promised the approval of Spot Crypto Exchange Traded Funds (ETFS) and other crypto-friendly measures if he was chosen.
The South Korean Government Party, the People Power Party, reported at the tip of April, including the crypto guidelines, including permission to the spot crypto ETFs, the breakdown of Korea's controversial one-exchange-in-bank rule and the definition of a regulatory framework for stable coins.
