Fintech based in Hong Kong, Redotpay, has launched its payment cards compatible with cryptocurrency in South Korea, positioning itself as a potential disruptor in a market dominated by traditional credit card companies and mobile payment services.
The company’s cryptographic debit cards – both physical and virtual – are now accepted by all Korean merchants who support the visa, according to a May 9 Korea Economic Daily report.
This decision marks the latest stage of Redotpay in global expansion, following its previous partnership with Visa and Bin Sponsor Stonitsx in February 2025 to improve the transfrontal cryptographic payment capacities.
Redotpay, founded in 2023, quickly put on the scale since the mild launch of his cryptographic card program at the end of 2024. It now 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 minimum verification requirements, including name, address and identification.
Social media reports indicate that the card is currently available for Korean users. “You can use it immediately with your smartphone without a physical card by simply checking your identity during the emission,” wrote a user on X.
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Redotpay cards support large cryptocurrencies
The Redotpay cards support major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) and Stablecoins such as USDC (USDC) and USDT (USDT). Users can load their cards with cryptographic active ingredients from several blockchains, including Solana, Polygon, BSC, Tron and Arbitrum.
A remarkable feature is the real -time stablecoin payment and reimbursement system in Redotpay real time. When a purchase is made, stablecoins are instantly deducted from the user’s portfolio.
If a transaction is canceled, reimbursements in USDC or USDT are treated in a few minutes.
Redotpay is also compatible with Apple Pay in Seoul, which gives it an advantage on a market where Apple Pay is currently limited to customers of the Hyundai card. Compatibility could be crucial because Redotpay questions the established payment infrastructure of Korea.
The adoption of the crypto accelerated in South Korea, where more than 16 million people would hold crypto. This also made crypto a key subject in the 2025 South Korean presidential race.
On May 6, the leader of the Democratic Party of South Korea, Lee Jae-Myung, became the last presidential candidate to promise the approval of the funds (ETF) and other convivial measures in exchange for crypto and other convivial measures.
The South Korea’s power party, the People Power Party, would also have made promises of cryptographic policy at the end of April, which included the authorization of the Crypto Spot FNB, the dismantling of the controversial controversial rule of Korea in an exchange of a bank and the establishment of a regulatory framework for the stablecoins.
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