Hong Kong-based fintech agency RedotPay has reportedly launched its cryptocurrency-enabled cost playing cards in South Korea, positioning itself as a possible disruptor in a market dominated by conventional bank card corporations and cellular cost companies.
The corporate’s crypto debit playing cards—each bodily and digital—are actually accepted in any respect Korean retailers that help Visa, in line with a Could 9 report by The Korea Financial Every day.
The transfer marks RedotPay’s newest step in international enlargement, following its earlier partnership with Visa and BIN sponsor StraitsX in February 2025 to boost cross-border crypto cost capabilities.
RedotPay, based in 2023, has quickly scaled because the delicate launch of its crypto card program in late 2024. It now serves greater than 4 million customers worldwide.
In South Korea, customers can obtain a digital card for $10 or a bodily card for $100, with minimal verification necessities, together with identify, deal with, and ID.
Stories on social media point out that the cardboard is at present accessible to Korean customers. “You should use it immediately together with your smartphone with no bodily card by merely verifying your id upon issuance,” one consumer wrote on X.
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RedotPay playing cards help main cryptocurrencies
The RedotPay playing cards help main cryptocurrencies like Bitcoin (BTC) and Ether (ETH) and stablecoins similar to USDC (USDC) and USDt (USDT). Customers can load their playing cards with crypto belongings from a number of blockchains, together with Solana, Polygon, BSC, Tron, and Arbitrum.
One standout characteristic is RedotPay’s real-time stablecoin cost and refund system. When a purchase order is made, stablecoins are deducted immediately from the consumer’s pockets.
If a transaction is canceled, refunds in USDC or USDT are processed inside minutes.
RedotPay can be suitable with Apple Pay in Seoul, giving it an edge in a market the place Apple Pay is at present restricted to Hyundai Card prospects. The compatibility may show essential as RedotPay challenges Korea’s established cost infrastructure.
Crypto adoption has been accelerating in South Korea, the place over 16 million folks reportedly maintain crypto. This has additionally made crypto a key subject within the 2025 South Korean presidential race.
On Could 6, South Korea’s Democratic Social gathering chief Lee Jae-myung turned the newest presidential candidate to vow the approval of spot crypto exchange-traded funds (ETFs) and different crypto-friendly measures, ought to he be elected.
South Korea’s ruling occasion, the Folks Energy Social gathering, additionally reportedly made crypto coverage guarantees in late April, which included permitting spot crypto ETFs, dismantling Korea’s controversial one-exchange-one-bank rule, and establishing a regulatory framework for stablecoins.
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