According to Deep Tide TechFlow news on May 10, as reported by The Korea Economic Daily, the Hong Kong fintech company RedotPay has launched a Crypto Assets payment card in South Korea, which can be used at all Korean merchants that support Visa.
RedotPay’s physical and virtual cards support Bitcoin, Ether, as well as stablecoins like USDC and USDT. Users can recharge their cards with Crypto Assets from multiple blockchains, including Solana, Polygon, BSC, Tron, and Arbitrum. One of the card’s key features is the real-time stablecoin payment and refund system, which deducts stablecoins instantly from the user’s wallet when shopping. If a transaction is canceled, refunds of USDC or USDT will be processed within minutes.
RedotPay is also compatible with Apple Pay in Seoul, which gives it a competitive advantage in the Korean market where currently only Hyundai card users can use Apple Pay. Since its establishment in 2023, the company has grown rapidly, now boasting over 4 million users globally. In Korea, users can obtain a virtual card for just $10 or a physical card for $100.
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