RedotPay Launches Crypto Payment Cards in South Korea, Disrupting Traditional Networks

RedotPay Debuts Crypto-Powered Cards in South Korea Amid Growing Adoption

RedotPay, a Hong Kong-based fintech innovator, has officially launched its crypto-enabled payment cards in South Korea, setting the stage to challenge the nation’s dominant payment infrastructure. The move was reported by The Korea Economic Daily on May 9, marking a major milestone in RedotPay’s global expansion efforts.

The cards—available in both virtual and physical formats—are now accepted at all Visa-enabled Korean merchants, offering seamless integration with existing retail systems. South Korean users can obtain:

• Virtual cards for just $10, or

• Physical cards for $100,

with minimal KYC requirements such as name, address, and ID.

RedotPay’s real-time system enables instant stablecoin deductions and rapid refunds, giving it a unique edge in the crypto payments space.

Source: Blippi

Visa-Backed Crypto Spending with Broad Blockchain Support

Following its 2025 partnership with Visa and StraitsX, RedotPay is scaling fast. Since its late-2024 soft launch, the company has onboarded over 4 million global users.

Key card features include:

Support for major cryptos:

• Bitcoin (BTC)

• Ethereum (ETH)

• Stablecoins like USDC & USDT

Multichain compatibility:

• Solana

• Polygon

• Binance Smart Chain (BSC)

• Tron

• Arbitrum

Real-time transactions:

Stablecoin purchases are settled instantly at the point of sale, while refunds process within minutes if a transaction is canceled.

Apple Pay integration:

The card works with Apple Pay in Seoul, a major advantage as Apple Pay access is currently limited to Hyundai Card users in South Korea.

Strategic Timing Amid Crypto Boom and Political Tailwinds

RedotPay’s entry comes as crypto adoption soars in South Korea, where over 16 million citizens reportedly hold digital assets. Crypto has also emerged as a central issue in the 2025 South Korean presidential election:

Democratic Party’s Lee Jae-myung has promised spot crypto ETF approvals if elected.

The ruling People Power Party has also proposed:

• Allowing spot crypto ETFs

• Reforming the one-exchange-one-bank rule

• Creating a stablecoin regulatory framework