TechFlow news, May 10 — According to The Korea Economic Daily, Hong Kong-based fintech company RedotPay has launched a cryptocurrency payment card in South Korea, which can be used at all Visa-accepting merchants across the country.
RedotPay’s physical and virtual cards support Bitcoin, Ether, and stablecoins such as USDC and USDT. Users can top up their cards with crypto assets from multiple blockchains, including Solana, Polygon, BSC, Tron, and Arbitrum. A key feature of the card is its real-time stablecoin payment and refund system: stablecoins are instantly deducted from the user's wallet during purchases, and if a transaction is canceled, USDC or USDT refunds are processed within minutes.
In Seoul, RedotPay also offers compatibility with Apple Pay—a competitive advantage in the South Korean market, where Apple Pay is currently limited to users of Hyundai Card. Since its founding in 2023, the company has grown rapidly and now serves over 4 million users globally. In South Korea, users can obtain a virtual card for $10 or a physical card for $100.
