Hong Kong Hong Kong -based FinTech Firm RedotPay has reportedly launched payment cards enabled by cryptocurrency in South Korea, positioning itself as a potential disruption to a market governed by traditional credit card companies and mobile payment services.
Company debit cards cards – both physical and virtual – are now accepted to all Korean traders who support the visa, according to a May 9 Report by Korea Economic Daily.
Move Marks Redotpay's latest step in global expansion, following its earlier cooperation with visa and Bin sponsor Straitsx in February 2025 to enhance cross-border Crypto payment capabilities.
Redotpay, founded in 2023, has been fast since its soft launch of its crypto card program in late 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 minimal verification requirements, including the name, address, and ID.
Social Media reports indicate that the card is currently available to Korean users. “You can use it immediately on your smartphone without a physical card just by validating your identity in the release,” a user write In X.
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Redotpay cards support major cryptocurrencies
The RedotPay card supports major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) and Stablecoins such as the USDC (USDC) and USDT (USDT). Users can download their cards with crypto assets from many blockchains, including Solana, Polygon, BSC, Tron, and Arbitrum.
One standout feature is the Real-time Stablecoin Payment and Refund System of Redotpay. When a purchase is made, the stablecoins are deducted immediately from the user's purse.
If a transaction is canceled, refunds in the USDC or USDT are processed within minutes.
The RedotPay is also compatible with Apple Pay in Seoul, giving it an edge to a market where Apple Pay is currently limited to Hyundai Card customers. The compatibility may prove to be important because the challenges of the redotpay -established Korean payment infrastructure.
Crypto adoption accelerates South Korea, where more than 16 million people have been reported to be holding crypto. It also made Crypto a major topic in the 2025 breed of South Korean president.
On May 6, the leader of South Korea's democratic party Lee Jae-Myung became the president's latest candidate to promise the approval of the Crypto Exchange-Traded Funds (ETFS) spot and other friendly crypto steps, he should be elected.
The ruling party of South Korea, the People Power Party, also Reported Crypto policy promises were made in late April, which included allowing Crypto ETF spots, which revoked the controversial one-exchange-one-bank rule, and the establishment of a regulation framework for stablecoins.
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