RedotPay, a Hong Kong-based fintech startup, has officially launched its cryptocurrency payment cards in South Korea, signaling a bold push into a highly competitive financial market. The company now offers both virtual and physical crypto-enabled Visa cards that are accepted nationwide at any merchant supporting Visa.

This move comes after RedotPay's February 2025 partnership with Visa and BIN sponsor StraitsX to expand its global crypto payments infrastructure. Since its founding in 2023 and a soft launch in late 2024, RedotPay has amassed over 4 million users worldwide. The entry into South Korea is a strategic step as the country sees rapid crypto adoption, with over 16 million citizens reportedly owning digital assets.

Korean users can obtain a virtual card for $10 or a physical one for $100, requiring only basic identity verification. Once issued, the card can be used immediately on a smartphone — no plastic needed. Users can load funds using major cryptocurrencies like Bitcoin, Ethereum, and stablecoins such as USDC and USDT across multiple chains, including Solana, Polygon, BSC, Tron, and Arbitrum.

One of the standout features is RedotPay’s real-time transaction and refund system for stablecoins. Purchases are instantly deducted in USDC or USDT, and refunds are processed within minutes, offering a fast and seamless experience. Additionally, RedotPay supports Apple Pay, making it more versatile than most local options, where Apple Pay is exclusive to Hyundai Card.

RedotPay’s entrance coincides with South Korea’s intensifying crypto political agenda ahead of the 2025 presidential election. With both major parties backing crypto reforms — including spot ETFs and relaxed banking rules — RedotPay could be perfectly timed to capitalize on the nation's shifting financial landscape.