RedotPay cards support major cryptocurrencies
The RedotPay cards support major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) and stablecoins such as USDC (USDC) and USDt (USDT). Users can load their cards with crypto assets from several blockchains, including Solana, Polygon, BSC, Tron, and Arbitrum.
One standout feature is RedotPay’s real-time stablecoin payment and refund system. When a purchase is made, stablecoins are deducted instantly from the user’s wallet.
If a transaction is canceled, refunds in USDC or USDT are processed within minutes.
RedotPay is also compatible with Apple Pay in Seoul, giving it an edge in a market where Apple Pay is currently limited to Hyundai Card customers. The compatibility could prove crucial as RedotPay challenges Korea’s established payment infrastructure.
Crypto adoption has been accelerating in South Korea, where over 16 million people reportedly hold crypto. This has also made crypto a key topic in the 2025 South Korean presidential race.
On May 6, South Korea’s Democratic Party leader Lee Jae-myung became the latest presidential candidate to promise the approval of spot crypto exchange-traded funds (ETFs) and other crypto-friendly measures, should he be elected.
South Korea’s ruling party, the People Power Party, also reportedly made crypto policy promises in late April, which included allowing spot crypto ETFs, dismantling Korea’s controversial one-exchange-one-bank rule, and establishing a regulatory framework for stablecoins.
