#redotpay
redotpay
210,563 views
351 Discussing
Hot
Latest
·
--
Bearish
$925
That’s how much one Binance Card customer who switched to RedotPay is worth, according to plaintiffs on Binance’s side.
They say there are more than 470,000 of them.
Hence the $472.8 million lawsuit.
It was filed back in August in Hong Kong: three Binance-affiliated companies are suing three RedotPay co-founders.
The allegation: RedotPay cards were allegedly topped up via Binance Pay outside the terms of their agreement.
As of April 3, 2026, Binance Pay has been disabled for them.
RedotPay denies the allegations and is defending itself.
And now Bloomberg reports that the company is considering a US IPO by the end of the year, and a pre-IPO round could value it at $4 billion to $5 billion.
Anyway, the court will decide who’s right, not me. But an IPO buyer is taking on both the company and this lawsuit: if the court agrees with the $925-per-customer figure, the $472.8 million bill will land squarely on that valuation.
Would you factor that risk into the price, or write it off as noise?
#redotpay #Binance
$925
That’s how much one Binance Card customer who switched to RedotPay is worth, according to plaintiffs on Binance’s side.
They say there are more than 470,000 of them.
Hence the $472.8 million lawsuit.
It was filed back in August in Hong Kong: three Binance-affiliated companies are suing three RedotPay co-founders.
The allegation: RedotPay cards were allegedly topped up via Binance Pay outside the terms of their agreement.
As of April 3, 2026, Binance Pay has been disabled for them.
RedotPay denies the allegations and is defending itself.
And now Bloomberg reports that the company is considering a US IPO by the end of the year, and a pre-IPO round could value it at $4 billion to $5 billion.
Anyway, the court will decide who’s right, not me. But an IPO buyer is taking on both the company and this lawsuit: if the court agrees with the $925-per-customer figure, the $472.8 million bill will land squarely on that valuation.
Would you factor that risk into the price, or write it off as noise?
#redotpay #Binance
That’s how much one Binance Card customer who switched to RedotPay is worth, according to plaintiffs on Binance’s side.
They say there are more than 470,000 of them.
Hence the $472.8 million lawsuit.
It was filed back in August in Hong Kong: three Binance-affiliated companies are suing three RedotPay co-founders.
The allegation: RedotPay cards were allegedly topped up via Binance Pay outside the terms of their agreement.
As of April 3, 2026, Binance Pay has been disabled for them.
RedotPay denies the allegations and is defending itself.
And now Bloomberg reports that the company is considering a US IPO by the end of the year, and a pre-IPO round could value it at $4 billion to $5 billion.
Anyway, the court will decide who’s right, not me. But an IPO buyer is taking on both the company and this lawsuit: if the court agrees with the $925-per-customer figure, the $472.8 million bill will land squarely on that valuation.
Would you factor that risk into the price, or write it off as noise?
#redotpay #Binance
1
40
·
--
Hello, crypto enthusiasts,
**URGENT: This Stablecoin Giant Is Quietly Preparing to Go Public in the U.S. Later This Year—What Does It Signal for the Market?**
A hot-off-the-press story revealed by Bloomberg is stirring up the traditional finance community and is sure to have a significant impact on our crypto world. Here are the key points you need to know:
* **RedotPay**, a leading stablecoin payments company, is considering confidentially filing for an initial public offering (IPO) in the U.S. before the end of this year.
* The move comes after RedotPay strongly denied earlier rumors that its plans to list in the U.S. had been delayed.
* The information was disclosed by sources close to the matter who spoke to Bloomberg, pointing to a potential step forward for crypto projects entering traditional financial markets.
---
**A KOL’s personal take:**
Everyone, this isn’t just an ordinary news story—it’s an **extremely important** signal for the future of stablecoins and the entire crypto ecosystem. The possibility of a stablecoin payments company going public in the U.S. points to growing acceptance and legitimization by traditional finance. It opens the door to institutional capital, helping boost liquidity and accelerate crypto adoption among everyday users.
I believe that if RedotPay succeeds, it will be a major catalyst, encouraging other crypto projects with solid foundations and clear direction to seek connections with traditional finance. This could spark a positive wave, building stronger confidence in the potential of blockchain technology and digital assets. Let’s keep a close eye on how this move might “pave the way”!
---
What do you think of this news? Could this be a major turning point that ushers in a new era for stablecoins and crypto? Share your thoughts in the comments!
And don’t forget to **Follow** my channel now so you don’t miss the latest news and in-depth market analysis!
#CryptoNews #TrendingNews #RedotPay #Stablecoin #IPO
Hello, crypto enthusiasts,
**URGENT: This Stablecoin Giant Is Quietly Preparing to Go Public in the U.S. Later This Year—What Does It Signal for the Market?**
A hot-off-the-press story revealed by Bloomberg is stirring up the traditional finance community and is sure to have a significant impact on our crypto world. Here are the key points you need to know:
* **RedotPay**, a leading stablecoin payments company, is considering confidentially filing for an initial public offering (IPO) in the U.S. before the end of this year.
* The move comes after RedotPay strongly denied earlier rumors that its plans to list in the U.S. had been delayed.
* The information was disclosed by sources close to the matter who spoke to Bloomberg, pointing to a potential step forward for crypto projects entering traditional financial markets.
---
**A KOL’s personal take:**
Everyone, this isn’t just an ordinary news story—it’s an **extremely important** signal for the future of stablecoins and the entire crypto ecosystem. The possibility of a stablecoin payments company going public in the U.S. points to growing acceptance and legitimization by traditional finance. It opens the door to institutional capital, helping boost liquidity and accelerate crypto adoption among everyday users.
I believe that if RedotPay succeeds, it will be a major catalyst, encouraging other crypto projects with solid foundations and clear direction to seek connections with traditional finance. This could spark a positive wave, building stronger confidence in the potential of blockchain technology and digital assets. Let’s keep a close eye on how this move might “pave the way”!
---
What do you think of this news? Could this be a major turning point that ushers in a new era for stablecoins and crypto? Share your thoughts in the comments!
And don’t forget to **Follow** my channel now so you don’t miss the latest news and in-depth market analysis!
#CryptoNews #TrendingNews #RedotPay #Stablecoin #IPO
**URGENT: This Stablecoin Giant Is Quietly Preparing to Go Public in the U.S. Later This Year—What Does It Signal for the Market?**
A hot-off-the-press story revealed by Bloomberg is stirring up the traditional finance community and is sure to have a significant impact on our crypto world. Here are the key points you need to know:
* **RedotPay**, a leading stablecoin payments company, is considering confidentially filing for an initial public offering (IPO) in the U.S. before the end of this year.
* The move comes after RedotPay strongly denied earlier rumors that its plans to list in the U.S. had been delayed.
* The information was disclosed by sources close to the matter who spoke to Bloomberg, pointing to a potential step forward for crypto projects entering traditional financial markets.
---
**A KOL’s personal take:**
Everyone, this isn’t just an ordinary news story—it’s an **extremely important** signal for the future of stablecoins and the entire crypto ecosystem. The possibility of a stablecoin payments company going public in the U.S. points to growing acceptance and legitimization by traditional finance. It opens the door to institutional capital, helping boost liquidity and accelerate crypto adoption among everyday users.
I believe that if RedotPay succeeds, it will be a major catalyst, encouraging other crypto projects with solid foundations and clear direction to seek connections with traditional finance. This could spark a positive wave, building stronger confidence in the potential of blockchain technology and digital assets. Let’s keep a close eye on how this move might “pave the way”!
---
What do you think of this news? Could this be a major turning point that ushers in a new era for stablecoins and crypto? Share your thoughts in the comments!
And don’t forget to **Follow** my channel now so you don’t miss the latest news and in-depth market analysis!
#CryptoNews #TrendingNews #RedotPay #Stablecoin #IPO
8
·
--
Stablecoin Payments Firm RedotPay Eyes U.S. IPO by Year-End, as Funding Access May Shift from Institutions to Retail
One recent signal worth watching in the stablecoin funding narrative is coming from the payments sector. According to Bloomberg, as cited by Cointelegraph, stablecoin payments firm RedotPay is weighing a confidential filing for a U.S. listing before the end of the year. The company had previously publicly denied reports that its U.S. listing plans had been delayed.
The significance of this is not simply that another crypto-related company is going public, but rather *which* company is going public. In recent years, the stablecoin narrative has focused more on issuers and institutional capital—reserve assets, custody, and connections with traditional finance. Companies like RedotPay, by contrast, aim to extend the ability to hold stablecoins into real-world payment and retail settings. A payment-focused stablecoin company pursuing a U.S. IPO is, at its core, a funding-market signal that the stablecoin value chain is expanding from “issuance and reserves” to “payments and end users.”
From the perspective of capital flows, this could mean that funding access for stablecoins is gradually shifting from institutional players to retail users. As payment infrastructure matures and the user base grows, stablecoin use cases may expand from on-chain settlement and institutional allocations to everyday purchases and transfers. If this shift takes hold, it would bring a larger, more dispersed pool of end-user funds, rather than flows driven by a small number of large investors.
That said, it is important to keep a level head: this is still at an early stage. According to public information, the IPO filing is confidential, and neither the specific listing date nor the valuation has been determined. There had also been reports that the company’s listing timeline was delayed, so the eventual outcome remains uncertain. A confidential filing itself indicates that there is still some distance to go before the company enters the secondary market and investors can determine its value.
For the crypto market, the value of signals like this lies in observing structural changes in capital flows, rather than short-term price movements. In the long run, growth in stablecoin payments could be one sign of greater ecosystem activity, but the extent to which this will translate into overall liquidity remains to be seen.
What to watch next is whether the confidential filing is formally submitted, whether the listing proceeds on schedule, and whether the company can clearly demonstrate the scale of its payment operations and user growth. These will be key indicators in determining whether “funding access is really shifting downstream.”
#Stablecoin #RedotPay #CryptoIPO
The above is a compilation of information and personal analysis, and does not constitute investment advice.
Follow me for ongoing coverage of key market developments and data.
Stablecoin Payments Firm RedotPay Eyes U.S. IPO by Year-End, as Funding Access May Shift from Institutions to Retail
One recent signal worth watching in the stablecoin funding narrative is coming from the payments sector. According to Bloomberg, as cited by Cointelegraph, stablecoin payments firm RedotPay is weighing a confidential filing for a U.S. listing before the end of the year. The company had previously publicly denied reports that its U.S. listing plans had been delayed.
The significance of this is not simply that another crypto-related company is going public, but rather *which* company is going public. In recent years, the stablecoin narrative has focused more on issuers and institutional capital—reserve assets, custody, and connections with traditional finance. Companies like RedotPay, by contrast, aim to extend the ability to hold stablecoins into real-world payment and retail settings. A payment-focused stablecoin company pursuing a U.S. IPO is, at its core, a funding-market signal that the stablecoin value chain is expanding from “issuance and reserves” to “payments and end users.”
From the perspective of capital flows, this could mean that funding access for stablecoins is gradually shifting from institutional players to retail users. As payment infrastructure matures and the user base grows, stablecoin use cases may expand from on-chain settlement and institutional allocations to everyday purchases and transfers. If this shift takes hold, it would bring a larger, more dispersed pool of end-user funds, rather than flows driven by a small number of large investors.
That said, it is important to keep a level head: this is still at an early stage. According to public information, the IPO filing is confidential, and neither the specific listing date nor the valuation has been determined. There had also been reports that the company’s listing timeline was delayed, so the eventual outcome remains uncertain. A confidential filing itself indicates that there is still some distance to go before the company enters the secondary market and investors can determine its value.
For the crypto market, the value of signals like this lies in observing structural changes in capital flows, rather than short-term price movements. In the long run, growth in stablecoin payments could be one sign of greater ecosystem activity, but the extent to which this will translate into overall liquidity remains to be seen.
What to watch next is whether the confidential filing is formally submitted, whether the listing proceeds on schedule, and whether the company can clearly demonstrate the scale of its payment operations and user growth. These will be key indicators in determining whether “funding access is really shifting downstream.”
#Stablecoin #RedotPay #CryptoIPO
The above is a compilation of information and personal analysis, and does not constitute investment advice.
Follow me for ongoing coverage of key market developments and data.
One recent signal worth watching in the stablecoin funding narrative is coming from the payments sector. According to Bloomberg, as cited by Cointelegraph, stablecoin payments firm RedotPay is weighing a confidential filing for a U.S. listing before the end of the year. The company had previously publicly denied reports that its U.S. listing plans had been delayed.
The significance of this is not simply that another crypto-related company is going public, but rather *which* company is going public. In recent years, the stablecoin narrative has focused more on issuers and institutional capital—reserve assets, custody, and connections with traditional finance. Companies like RedotPay, by contrast, aim to extend the ability to hold stablecoins into real-world payment and retail settings. A payment-focused stablecoin company pursuing a U.S. IPO is, at its core, a funding-market signal that the stablecoin value chain is expanding from “issuance and reserves” to “payments and end users.”
From the perspective of capital flows, this could mean that funding access for stablecoins is gradually shifting from institutional players to retail users. As payment infrastructure matures and the user base grows, stablecoin use cases may expand from on-chain settlement and institutional allocations to everyday purchases and transfers. If this shift takes hold, it would bring a larger, more dispersed pool of end-user funds, rather than flows driven by a small number of large investors.
That said, it is important to keep a level head: this is still at an early stage. According to public information, the IPO filing is confidential, and neither the specific listing date nor the valuation has been determined. There had also been reports that the company’s listing timeline was delayed, so the eventual outcome remains uncertain. A confidential filing itself indicates that there is still some distance to go before the company enters the secondary market and investors can determine its value.
For the crypto market, the value of signals like this lies in observing structural changes in capital flows, rather than short-term price movements. In the long run, growth in stablecoin payments could be one sign of greater ecosystem activity, but the extent to which this will translate into overall liquidity remains to be seen.
What to watch next is whether the confidential filing is formally submitted, whether the listing proceeds on schedule, and whether the company can clearly demonstrate the scale of its payment operations and user growth. These will be key indicators in determining whether “funding access is really shifting downstream.”
#Stablecoin #RedotPay #CryptoIPO
The above is a compilation of information and personal analysis, and does not constitute investment advice.
Follow me for ongoing coverage of key market developments and data.
30
·
--
To bring crypto payments into Japan’s regulatory framework, acquiring a locally licensed exchange is often faster than applying for a license from scratch.
RedotPay announced its acquisition of Japanese crypto-asset exchange BTCBOX, saying it will offer services compliant with Japanese regulations through BTCBOX and provide funding and technical support. The focus is on compliant payments and integration with fiat on- and off-ramps—not simply a token-issuance narrative.
How to read this: Japan’s regulatory environment is strict, and connecting with a licensed exchange helps complete the local compliance puzzle. Next, watch the scope of services (deposits/payments/remittances), whether users actually adopt them for everyday spending, and how much they squeeze the market share of existing Japanese exchanges. Once the compliance barriers are cleared, payment projects’ moats will depend more on licenses and access channels than on product design.
#RedotPay #BTCBOX #日本监管 #CryptoPayments
To bring crypto payments into Japan’s regulatory framework, acquiring a locally licensed exchange is often faster than applying for a license from scratch.
RedotPay announced its acquisition of Japanese crypto-asset exchange BTCBOX, saying it will offer services compliant with Japanese regulations through BTCBOX and provide funding and technical support. The focus is on compliant payments and integration with fiat on- and off-ramps—not simply a token-issuance narrative.
How to read this: Japan’s regulatory environment is strict, and connecting with a licensed exchange helps complete the local compliance puzzle. Next, watch the scope of services (deposits/payments/remittances), whether users actually adopt them for everyday spending, and how much they squeeze the market share of existing Japanese exchanges. Once the compliance barriers are cleared, payment projects’ moats will depend more on licenses and access channels than on product design.
#RedotPay #BTCBOX #日本监管 #CryptoPayments
RedotPay announced its acquisition of Japanese crypto-asset exchange BTCBOX, saying it will offer services compliant with Japanese regulations through BTCBOX and provide funding and technical support. The focus is on compliant payments and integration with fiat on- and off-ramps—not simply a token-issuance narrative.
How to read this: Japan’s regulatory environment is strict, and connecting with a licensed exchange helps complete the local compliance puzzle. Next, watch the scope of services (deposits/payments/remittances), whether users actually adopt them for everyday spending, and how much they squeeze the market share of existing Japanese exchanges. Once the compliance barriers are cleared, payment projects’ moats will depend more on licenses and access channels than on product design.
#RedotPay #BTCBOX #日本监管 #CryptoPayments
12
·
--
Article
Binance vs. RedotPay: What Happened and Why Are They in a Legal Dispute?A major legal dispute has emerged between Binance and crypto payment company RedotPay in 2026. Binance-affiliated companies have initiated legal proceedings against RedotPay's founders in Hong Kong and are seeking approximately $472.8 million in damages.
But what exactly happened, and why did the relationship between the two companies turn into a legal dispute?
How Did the Dispute Start?
Binance and RedotPay previously had a commercial relationship. In December 2023, RedotPay announced an integration with Binance Pay that allowed Binance Pay users to make direct deposits into RedotPay cards.
However, Binance later conducted a review of its merchant partners. On April 3, 2026, Binance discontinued Binance Pay support for RedotPay.
Binance said the decision was part of its ongoing review of merchant partnerships.
The legal dispute became public afterward.
What Is Binance Alleging?
According to Binance-affiliated companies, RedotPay allegedly breached the terms of its commercial agreement with Binance.
Binance claims that RedotPay allowed Binance Pay funds to be used for stablecoin top-ups on RedotPay cards in a way that allegedly went beyond the permitted scope of their agreement.
Binance's legal claim reportedly involves more than 470,000 Binance users who allegedly moved toward RedotPay's card product.
The Binance-affiliated plaintiffs are seeking approximately $472.8 million in damages, with the amount reportedly calculated partly on the estimated lifetime value of affected customers.
It is important to note that these are allegations made as part of ongoing legal proceedings and have not been established as final facts by a court.
What Is RedotPay's Response?
RedotPay has rejected Binance's allegations and said it intends to defend itself through the legal process.
In August 2026, RedotPay told its users and partners that the legal proceedings would not affect its day-to-day operations.
The company also indicated that, because the matter is before the courts, it would not provide extensive public commentary on the specific allegations.
What About the Singapore Proceedings?
The dispute has also involved legal proceedings in Singapore.
In August 2026, the two sides appeared to disagree publicly about the status of the Singapore proceedings.
RedotPay indicated that it expected Binance to discontinue the Singapore proceedings, while Binance stated that its claims remained active and that it had not abandoned them.
This has added another layer to the wider dispute between the companies.
What Is the Core Issue?
At the center of the dispute is the interpretation of the commercial agreement between Binance and RedotPay.
The key questions include:
- What activities were permitted under the agreement?
- How could Binance Pay funds be used?
- Did RedotPay's handling of Binance users and transactions violate the agreement?
- How should any alleged customer diversion or financial loss be calculated?
Binance's position is that RedotPay went beyond the agreed commercial arrangement and diverted Binance users toward its own card product.
RedotPay disputes those allegations and is defending itself through the legal process.
What Happens Next?
The final outcome will depend on the ongoing legal proceedings.
At this stage, neither side's allegations should be treated as a final court finding. The reported $472.8 million figure is the amount being claimed by Binance-affiliated plaintiffs, not an amount that RedotPay has been ordered to pay.
The dispute highlights how important clearly defined terms can be when crypto exchanges, payment platforms, and card providers integrate their services.
For Binance and RedotPay users, the most important question now is how the courts ultimately resolve the contractual and financial claims between the two companies.
Bottom Line
The Binance vs. RedotPay dispute centers on customer diversion, the use of Binance Pay funds, and alleged breaches of a commercial agreement.
Binance-affiliated companies are seeking approximately $472.8 million, while RedotPay has rejected the allegations and is defending itself in court.
The case remains ongoing, so the final legal outcome has yet to be determined.
#Binance #redotpay #CASE #BTC☀
Binance vs. RedotPay: What Happened and Why Are They in a Legal Dispute?
A major legal dispute has emerged between Binance and crypto payment company RedotPay in 2026. Binance-affiliated companies have initiated legal proceedings against RedotPay's founders in Hong Kong and are seeking approximately $472.8 million in damages.
But what exactly happened, and why did the relationship between the two companies turn into a legal dispute?
How Did the Dispute Start?
Binance and RedotPay previously had a commercial relationship. In December 2023, RedotPay announced an integration with Binance Pay that allowed Binance Pay users to make direct deposits into RedotPay cards.
However, Binance later conducted a review of its merchant partners. On April 3, 2026, Binance discontinued Binance Pay support for RedotPay.
Binance said the decision was part of its ongoing review of merchant partnerships.
The legal dispute became public afterward.
What Is Binance Alleging?
According to Binance-affiliated companies, RedotPay allegedly breached the terms of its commercial agreement with Binance.
Binance claims that RedotPay allowed Binance Pay funds to be used for stablecoin top-ups on RedotPay cards in a way that allegedly went beyond the permitted scope of their agreement.
Binance's legal claim reportedly involves more than 470,000 Binance users who allegedly moved toward RedotPay's card product.
The Binance-affiliated plaintiffs are seeking approximately $472.8 million in damages, with the amount reportedly calculated partly on the estimated lifetime value of affected customers.
It is important to note that these are allegations made as part of ongoing legal proceedings and have not been established as final facts by a court.
What Is RedotPay's Response?
RedotPay has rejected Binance's allegations and said it intends to defend itself through the legal process.
In August 2026, RedotPay told its users and partners that the legal proceedings would not affect its day-to-day operations.
The company also indicated that, because the matter is before the courts, it would not provide extensive public commentary on the specific allegations.
What About the Singapore Proceedings?
The dispute has also involved legal proceedings in Singapore.
In August 2026, the two sides appeared to disagree publicly about the status of the Singapore proceedings.
RedotPay indicated that it expected Binance to discontinue the Singapore proceedings, while Binance stated that its claims remained active and that it had not abandoned them.
This has added another layer to the wider dispute between the companies.
What Is the Core Issue?
At the center of the dispute is the interpretation of the commercial agreement between Binance and RedotPay.
The key questions include:
- What activities were permitted under the agreement?
- How could Binance Pay funds be used?
- Did RedotPay's handling of Binance users and transactions violate the agreement?
- How should any alleged customer diversion or financial loss be calculated?
Binance's position is that RedotPay went beyond the agreed commercial arrangement and diverted Binance users toward its own card product.
RedotPay disputes those allegations and is defending itself through the legal process.
What Happens Next?
The final outcome will depend on the ongoing legal proceedings.
At this stage, neither side's allegations should be treated as a final court finding. The reported $472.8 million figure is the amount being claimed by Binance-affiliated plaintiffs, not an amount that RedotPay has been ordered to pay.
The dispute highlights how important clearly defined terms can be when crypto exchanges, payment platforms, and card providers integrate their services.
For Binance and RedotPay users, the most important question now is how the courts ultimately resolve the contractual and financial claims between the two companies.
Bottom Line
The Binance vs. RedotPay dispute centers on customer diversion, the use of Binance Pay funds, and alleged breaches of a commercial agreement.
Binance-affiliated companies are seeking approximately $472.8 million, while RedotPay has rejected the allegations and is defending itself in court.
The case remains ongoing, so the final legal outcome has yet to be determined.
#Binance #redotpay #CASE #BTC☀
But what exactly happened, and why did the relationship between the two companies turn into a legal dispute?
How Did the Dispute Start?
Binance and RedotPay previously had a commercial relationship. In December 2023, RedotPay announced an integration with Binance Pay that allowed Binance Pay users to make direct deposits into RedotPay cards.
However, Binance later conducted a review of its merchant partners. On April 3, 2026, Binance discontinued Binance Pay support for RedotPay.
Binance said the decision was part of its ongoing review of merchant partnerships.
The legal dispute became public afterward.
What Is Binance Alleging?
According to Binance-affiliated companies, RedotPay allegedly breached the terms of its commercial agreement with Binance.
Binance claims that RedotPay allowed Binance Pay funds to be used for stablecoin top-ups on RedotPay cards in a way that allegedly went beyond the permitted scope of their agreement.
Binance's legal claim reportedly involves more than 470,000 Binance users who allegedly moved toward RedotPay's card product.
The Binance-affiliated plaintiffs are seeking approximately $472.8 million in damages, with the amount reportedly calculated partly on the estimated lifetime value of affected customers.
It is important to note that these are allegations made as part of ongoing legal proceedings and have not been established as final facts by a court.
What Is RedotPay's Response?
RedotPay has rejected Binance's allegations and said it intends to defend itself through the legal process.
In August 2026, RedotPay told its users and partners that the legal proceedings would not affect its day-to-day operations.
The company also indicated that, because the matter is before the courts, it would not provide extensive public commentary on the specific allegations.
What About the Singapore Proceedings?
The dispute has also involved legal proceedings in Singapore.
In August 2026, the two sides appeared to disagree publicly about the status of the Singapore proceedings.
RedotPay indicated that it expected Binance to discontinue the Singapore proceedings, while Binance stated that its claims remained active and that it had not abandoned them.
This has added another layer to the wider dispute between the companies.
What Is the Core Issue?
At the center of the dispute is the interpretation of the commercial agreement between Binance and RedotPay.
The key questions include:
- What activities were permitted under the agreement?
- How could Binance Pay funds be used?
- Did RedotPay's handling of Binance users and transactions violate the agreement?
- How should any alleged customer diversion or financial loss be calculated?
Binance's position is that RedotPay went beyond the agreed commercial arrangement and diverted Binance users toward its own card product.
RedotPay disputes those allegations and is defending itself through the legal process.
What Happens Next?
The final outcome will depend on the ongoing legal proceedings.
At this stage, neither side's allegations should be treated as a final court finding. The reported $472.8 million figure is the amount being claimed by Binance-affiliated plaintiffs, not an amount that RedotPay has been ordered to pay.
The dispute highlights how important clearly defined terms can be when crypto exchanges, payment platforms, and card providers integrate their services.
For Binance and RedotPay users, the most important question now is how the courts ultimately resolve the contractual and financial claims between the two companies.
Bottom Line
The Binance vs. RedotPay dispute centers on customer diversion, the use of Binance Pay funds, and alleged breaches of a commercial agreement.
Binance-affiliated companies are seeking approximately $472.8 million, while RedotPay has rejected the allegations and is defending itself in court.
The case remains ongoing, so the final legal outcome has yet to be determined.
#Binance #redotpay #CASE #BTC☀
140
·
--
Top 10 Crypto Cards by Volume – August Breakdown 💳📊
August saw ~$735M in total card spend across the top 10 crypto cards.
But here’s the kicker 👇
RedotPay alone raked in $390M – that’s more than every other card on the list combined. 🏦💥
But while the leader sits comfortably, the chasing pack is speeding up 🚀:
· KAST ↗️ +16.1%
· Wirex One 📈 +37.7%
· Plasma One ⚡ +30.7%
· Kolo 📊 +13.2%
RedotPay grew just 2.3% this month – coasting while the rest are compounding fast.
The race for second is heating up too 🔥 – EtherFi and KAST are now separated by less than $4M**, both hovering around the **$100M mark. A real nail-biter! 🥊
Not everyone’s winning though.
Karta took a -25.6% dip to $42.6M – the only major decline this month, and steep enough to signal more than just a slow cycle. 📉
Now, let’s talk scale 🌍:
$735M/month across all crypto cards is roughly what a mid-sized regional bank processes.
Yes, the space is growing fast – but it’s still a tiny blip compared to traditional payment rails.
#CryptoCards 💳
#RedotPay 🥇
#CryptoSpending 📈
#KAST 🚀
#Wirex 💰
#Plasma 🔥
#Kolo 📊
#EtherFi 🧠
#Karta 📉
#CryptoGrowth 🌱
#PaymentRails 🏦
#AugustData 📅
#CryptoVsBanking ⚖️
Top 10 Crypto Cards by Volume – August Breakdown 💳📊
August saw ~$735M in total card spend across the top 10 crypto cards.
But here’s the kicker 👇
RedotPay alone raked in $390M – that’s more than every other card on the list combined. 🏦💥
But while the leader sits comfortably, the chasing pack is speeding up 🚀:
· KAST ↗️ +16.1%
· Wirex One 📈 +37.7%
· Plasma One ⚡ +30.7%
· Kolo 📊 +13.2%
RedotPay grew just 2.3% this month – coasting while the rest are compounding fast.
The race for second is heating up too 🔥 – EtherFi and KAST are now separated by less than $4M**, both hovering around the **$100M mark. A real nail-biter! 🥊
Not everyone’s winning though.
Karta took a -25.6% dip to $42.6M – the only major decline this month, and steep enough to signal more than just a slow cycle. 📉
Now, let’s talk scale 🌍:
$735M/month across all crypto cards is roughly what a mid-sized regional bank processes.
Yes, the space is growing fast – but it’s still a tiny blip compared to traditional payment rails.
#CryptoCards 💳
#RedotPay 🥇
#CryptoSpending 📈
#KAST 🚀
#Wirex 💰
#Plasma 🔥
#Kolo 📊
#EtherFi 🧠
#Karta 📉
#CryptoGrowth 🌱
#PaymentRails 🏦
#AugustData 📅
#CryptoVsBanking ⚖️
August saw ~$735M in total card spend across the top 10 crypto cards.
But here’s the kicker 👇
RedotPay alone raked in $390M – that’s more than every other card on the list combined. 🏦💥
But while the leader sits comfortably, the chasing pack is speeding up 🚀:
· KAST ↗️ +16.1%
· Wirex One 📈 +37.7%
· Plasma One ⚡ +30.7%
· Kolo 📊 +13.2%
RedotPay grew just 2.3% this month – coasting while the rest are compounding fast.
The race for second is heating up too 🔥 – EtherFi and KAST are now separated by less than $4M**, both hovering around the **$100M mark. A real nail-biter! 🥊
Not everyone’s winning though.
Karta took a -25.6% dip to $42.6M – the only major decline this month, and steep enough to signal more than just a slow cycle. 📉
Now, let’s talk scale 🌍:
$735M/month across all crypto cards is roughly what a mid-sized regional bank processes.
Yes, the space is growing fast – but it’s still a tiny blip compared to traditional payment rails.
#CryptoCards 💳
#RedotPay 🥇
#CryptoSpending 📈
#KAST 🚀
#Wirex 💰
#Plasma 🔥
#Kolo 📊
#EtherFi 🧠
#Karta 📉
#CryptoGrowth 🌱
#PaymentRails 🏦
#AugustData 📅
#CryptoVsBanking ⚖️
181
【Binance lodges a furious complaint against RedotPay, seeking $470 million in damages!】
According to Bloomberg, Binance-related entities have officially filed a lawsuit in Hong Kong against the crypto payment company RedotPay. The claim accuses its co-founders of violating an agreement, secretly diverting more than 470,000 “Binance Card” users to its own platform.
Key points:
① The damages amount is as high as $472.8 million, with over 470,000 diverted users
② Binance alleges that RedotPay misappropriated about $304 million of Binance Pay users’ funds to top up cards, and failed to segregate funds
③ The partnership began in March 2026; after the issues surfaced, the two sides completely fell out
④ RedotPay responded that it will actively defend itself and emphasized that it does not affect day-to-day operations
⑤ In addition to the Hong Kong lawsuit, Binance has also filed a lawsuit in Singapore against RedotPay’s related parties, and a hearing was held this Friday
What’s especially intriguing is that RedotPay has previously been seeking to advance an IPO at an estimated valuation of around $4 billion. The operating data it disclosed looked quite impressive—annualized payment volume of $14 billion, annualized revenue of $180 million, and users exceeding 8 million. Just as a unicorn appears ready to be born, it’s been dragged into the mud by a lawsuit filed by a former partner.
This case also serves as another reminder to the industry: in partnerships, questions like who owns user data, whether funds are segregated, and where compliance boundaries lie—if they aren’t clearly spelled out in the agreement, disputes can quickly escalate to stakes worth hundreds of millions of dollars.
What do you think of the showdown between Binance and RedotPay? Is the evidence solid for diversion violations, or did the parties simply fail to agree on how to share interests?
#币安 #RedotPay #cryptocurrency payments
【Binance lodges a furious complaint against RedotPay, seeking $470 million in damages!】
According to Bloomberg, Binance-related entities have officially filed a lawsuit in Hong Kong against the crypto payment company RedotPay. The claim accuses its co-founders of violating an agreement, secretly diverting more than 470,000 “Binance Card” users to its own platform.
Key points:
① The damages amount is as high as $472.8 million, with over 470,000 diverted users
② Binance alleges that RedotPay misappropriated about $304 million of Binance Pay users’ funds to top up cards, and failed to segregate funds
③ The partnership began in March 2026; after the issues surfaced, the two sides completely fell out
④ RedotPay responded that it will actively defend itself and emphasized that it does not affect day-to-day operations
⑤ In addition to the Hong Kong lawsuit, Binance has also filed a lawsuit in Singapore against RedotPay’s related parties, and a hearing was held this Friday
What’s especially intriguing is that RedotPay has previously been seeking to advance an IPO at an estimated valuation of around $4 billion. The operating data it disclosed looked quite impressive—annualized payment volume of $14 billion, annualized revenue of $180 million, and users exceeding 8 million. Just as a unicorn appears ready to be born, it’s been dragged into the mud by a lawsuit filed by a former partner.
This case also serves as another reminder to the industry: in partnerships, questions like who owns user data, whether funds are segregated, and where compliance boundaries lie—if they aren’t clearly spelled out in the agreement, disputes can quickly escalate to stakes worth hundreds of millions of dollars.
What do you think of the showdown between Binance and RedotPay? Is the evidence solid for diversion violations, or did the parties simply fail to agree on how to share interests?
#币安 #RedotPay #cryptocurrency payments
According to Bloomberg, Binance-related entities have officially filed a lawsuit in Hong Kong against the crypto payment company RedotPay. The claim accuses its co-founders of violating an agreement, secretly diverting more than 470,000 “Binance Card” users to its own platform.
Key points:
① The damages amount is as high as $472.8 million, with over 470,000 diverted users
② Binance alleges that RedotPay misappropriated about $304 million of Binance Pay users’ funds to top up cards, and failed to segregate funds
③ The partnership began in March 2026; after the issues surfaced, the two sides completely fell out
④ RedotPay responded that it will actively defend itself and emphasized that it does not affect day-to-day operations
⑤ In addition to the Hong Kong lawsuit, Binance has also filed a lawsuit in Singapore against RedotPay’s related parties, and a hearing was held this Friday
What’s especially intriguing is that RedotPay has previously been seeking to advance an IPO at an estimated valuation of around $4 billion. The operating data it disclosed looked quite impressive—annualized payment volume of $14 billion, annualized revenue of $180 million, and users exceeding 8 million. Just as a unicorn appears ready to be born, it’s been dragged into the mud by a lawsuit filed by a former partner.
This case also serves as another reminder to the industry: in partnerships, questions like who owns user data, whether funds are segregated, and where compliance boundaries lie—if they aren’t clearly spelled out in the agreement, disputes can quickly escalate to stakes worth hundreds of millions of dollars.
What do you think of the showdown between Binance and RedotPay? Is the evidence solid for diversion violations, or did the parties simply fail to agree on how to share interests?
#币安 #RedotPay #cryptocurrency payments
54
·
--
🚀 RedotPay: the crypto wallet that brings cryptocurrencies closer to everyday life 💳🌍For a long time, cryptocurrencies were mainly seen as a form of investment. But today, a new trend is emerging: using your crypto more easily in everyday life.
This is where solutions like RedotPay draw the attention of users looking for a gateway between traditional finance and the Web3 world.
🔗 A link between crypto wallets and modern payments
The idea is simple: let users manage their digital assets while benefiting from tools that make them easier to use day to day.
🚀 RedotPay: the crypto wallet that brings cryptocurrencies closer to everyday life 💳🌍
For a long time, cryptocurrencies were mainly seen as a form of investment. But today, a new trend is emerging: using your crypto more easily in everyday life.
This is where solutions like RedotPay draw the attention of users looking for a gateway between traditional finance and the Web3 world.
🔗 A link between crypto wallets and modern payments
The idea is simple: let users manage their digital assets while benefiting from tools that make them easier to use day to day.
This is where solutions like RedotPay draw the attention of users looking for a gateway between traditional finance and the Web3 world.
🔗 A link between crypto wallets and modern payments
The idea is simple: let users manage their digital assets while benefiting from tools that make them easier to use day to day.
172
RedotPay’s U.S. IPO just hit the regulatory speed bump. 👀
RedotPay has postponed its U.S. IPO plans instead of completing them this year as previously expected. The company is focusing on handling legal requirements and obtaining approvals in the markets where it operates.
Notably, RedotPay says it has just received a money transmitter license in the U.S., while it still faces a lawsuit from an entity connected to Binance, seeking damages of about $500M.
RedotPay: “IPO this year.”
Regulators: “Let’s talk first.” 💀
A key point is that the company says users, revenue, profit, and margins are all at ATH levels, but regulatory clearance remains the bottleneck.
Do you think crypto/fintech IPOs are being delayed by regulatory risk, or is this just a normal delay before RedotPay goes public?
#Binance #redotpay
RedotPay’s U.S. IPO just hit the regulatory speed bump. 👀
RedotPay has postponed its U.S. IPO plans instead of completing them this year as previously expected. The company is focusing on handling legal requirements and obtaining approvals in the markets where it operates.
Notably, RedotPay says it has just received a money transmitter license in the U.S., while it still faces a lawsuit from an entity connected to Binance, seeking damages of about $500M.
RedotPay: “IPO this year.”
Regulators: “Let’s talk first.” 💀
A key point is that the company says users, revenue, profit, and margins are all at ATH levels, but regulatory clearance remains the bottleneck.
Do you think crypto/fintech IPOs are being delayed by regulatory risk, or is this just a normal delay before RedotPay goes public?
#Binance #redotpay
RedotPay has postponed its U.S. IPO plans instead of completing them this year as previously expected. The company is focusing on handling legal requirements and obtaining approvals in the markets where it operates.
Notably, RedotPay says it has just received a money transmitter license in the U.S., while it still faces a lawsuit from an entity connected to Binance, seeking damages of about $500M.
RedotPay: “IPO this year.”
Regulators: “Let’s talk first.” 💀
A key point is that the company says users, revenue, profit, and margins are all at ATH levels, but regulatory clearance remains the bottleneck.
Do you think crypto/fintech IPOs are being delayed by regulatory risk, or is this just a normal delay before RedotPay goes public?
#Binance #redotpay
1
1
120
·
--
#binance против #redotpay
🍿 Binance files a lawsuit against RedotPay for $472.8 million
Binance accuses RedotPay of allowing its users to top up their cards via Binance Pay while bypassing the terms of the partner agreement — as a result, more than 470,000 users moved from the Binance Card to RedotPay. Binance calculated the lawsuit amount based on the average lifetime value of a customer, which is $925.
Now, Binance claims that through this scheme RedotPay received about $304 million in users’ funds.
RedotPay denies the allegations and says that the lawsuit will not affect the service’s operations.
#binance против #redotpay
🍿 Binance files a lawsuit against RedotPay for $472.8 million
Binance accuses RedotPay of allowing its users to top up their cards via Binance Pay while bypassing the terms of the partner agreement — as a result, more than 470,000 users moved from the Binance Card to RedotPay. Binance calculated the lawsuit amount based on the average lifetime value of a customer, which is $925.
Now, Binance claims that through this scheme RedotPay received about $304 million in users’ funds.
RedotPay denies the allegations and says that the lawsuit will not affect the service’s operations.
🍿 Binance files a lawsuit against RedotPay for $472.8 million
Binance accuses RedotPay of allowing its users to top up their cards via Binance Pay while bypassing the terms of the partner agreement — as a result, more than 470,000 users moved from the Binance Card to RedotPay. Binance calculated the lawsuit amount based on the average lifetime value of a customer, which is $925.
Now, Binance claims that through this scheme RedotPay received about $304 million in users’ funds.
RedotPay denies the allegations and says that the lawsuit will not affect the service’s operations.
1
180
RedotPay postpones $1 billion IPO plan
• RedotPay, a stablecoin payment company, declines to comment on its IPO plan
• Bloomberg reports that the $1 billion IPO plan was postponed
• No further details from the company
#BinanceSquare #CryptoNews #RedotPay #Stablecoin
$btc $eth
#vlikevn Titanbot
Source: CoinDesk
RedotPay postpones $1 billion IPO plan
• RedotPay, a stablecoin payment company, declines to comment on its IPO plan
• Bloomberg reports that the $1 billion IPO plan was postponed
• No further details from the company
#BinanceSquare #CryptoNews #RedotPay #Stablecoin
$btc $eth
#vlikevn Titanbot
Source: CoinDesk
• RedotPay, a stablecoin payment company, declines to comment on its IPO plan
• Bloomberg reports that the $1 billion IPO plan was postponed
• No further details from the company
#BinanceSquare #CryptoNews #RedotPay #Stablecoin
$btc $eth
#vlikevn Titanbot
Source: CoinDesk
123
🚨 Binance Files $470M Lawsuit Against RedotPay! 🚨
Major update in the crypto space today! Binance has legally challenged Hong Kong-based crypto payment firm RedotPay:
📉 The Claims: Allegations of diverting over 470,000 users away from Binance Card to RedotPay's stablecoin payment card.
🛡️ RedotPay's Response: RedotPay maintains that the dispute will not affect their daily operations and plans to defend themselves in court.
What are your thoughts on this situation? Drop your opinions in the comments! 👇
#Binance #CryptoNews #redotpay #CryptoUpdates
🚨 Binance Files $470M Lawsuit Against RedotPay! 🚨
Major update in the crypto space today! Binance has legally challenged Hong Kong-based crypto payment firm RedotPay:
📉 The Claims: Allegations of diverting over 470,000 users away from Binance Card to RedotPay's stablecoin payment card.
🛡️ RedotPay's Response: RedotPay maintains that the dispute will not affect their daily operations and plans to defend themselves in court.
What are your thoughts on this situation? Drop your opinions in the comments! 👇
#Binance #CryptoNews #redotpay #CryptoUpdates
Major update in the crypto space today! Binance has legally challenged Hong Kong-based crypto payment firm RedotPay:
📉 The Claims: Allegations of diverting over 470,000 users away from Binance Card to RedotPay's stablecoin payment card.
🛡️ RedotPay's Response: RedotPay maintains that the dispute will not affect their daily operations and plans to defend themselves in court.
What are your thoughts on this situation? Drop your opinions in the comments! 👇
#Binance #CryptoNews #redotpay #CryptoUpdates
112
·
--
Article
RedotPay Unlocks XRP for Over 7 Million UsersIndex
RedotPay Transforms XRP into Daily Purchasing Power
How RedotPay and XRP are Pioneering the Instant Global Money Movement
RedotPay Transforms XRP into Daily Purchasing Power
RedotPay is silently reshaping how digital assets move for everyday spending, turning stablecoin-based payments and crypto cards into a practical bridge between blockchain holdings and real-world use.
For millions of users, the platform is changing the simple reality that holding crypto is no longer where the experience ends.
RedotPay Unlocks XRP for Over 7 Million Users
Index
RedotPay Transforms XRP into Daily Purchasing Power
How RedotPay and XRP are Pioneering the Instant Global Money Movement
RedotPay Transforms XRP into Daily Purchasing Power
RedotPay is silently reshaping how digital assets move for everyday spending, turning stablecoin-based payments and crypto cards into a practical bridge between blockchain holdings and real-world use.
For millions of users, the platform is changing the simple reality that holding crypto is no longer where the experience ends.
RedotPay Transforms XRP into Daily Purchasing Power
How RedotPay and XRP are Pioneering the Instant Global Money Movement
RedotPay Transforms XRP into Daily Purchasing Power
RedotPay is silently reshaping how digital assets move for everyday spending, turning stablecoin-based payments and crypto cards into a practical bridge between blockchain holdings and real-world use.
For millions of users, the platform is changing the simple reality that holding crypto is no longer where the experience ends.
248
·
--
RedotPay reportedly puts its $1B U.S. IPO on hold, per Bloomberg. A company spokesperson declined to comment on IPO plans. In the stablecoin payments space, investors will be watching for signals on liquidity and regulatory direction. #CryptoNews #Stablecoins #RedotPay
RedotPay reportedly puts its $1B U.S. IPO on hold, per Bloomberg. A company spokesperson declined to comment on IPO plans. In the stablecoin payments space, investors will be watching for signals on liquidity and regulatory direction. #CryptoNews #Stablecoins #RedotPay
79
·
--
REDOTPAY'S US IPO PUSHED TO 2027 — REGULATORY STORM HITS $ACE & $SNXXB 🚨💥
The IPO clock just froze. RedotPay has officially shelved its US listing plans until 2027 or later, and the market is already feeling the aftershock. Regulatory friction plus a massive $470M legal battle in the crypto space doused the entire timeline in cold water. 📉
For $ACE and $SNXXB holders, this is a moment to read the tape carefully. Delayed exits always reprice risk, and volatility is the new steady state. Bloomberg's report made it clear — uncertainty is climbing, and the tug-of-war between buyers and sellers just got a lot messier. ⚔️
The real question isn't whether this was already priced in. It's what happens next when liquidity windows slam shut and smart money starts rotating before the crowd catches on.
Are you trimming into the chaos or holding firm for the long play? 🧠
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ACE #SNXXB #RedotPay #CryptoNews #IPO
📊🔥
REDOTPAY'S US IPO PUSHED TO 2027 — REGULATORY STORM HITS $ACE & $SNXXB 🚨💥
The IPO clock just froze. RedotPay has officially shelved its US listing plans until 2027 or later, and the market is already feeling the aftershock. Regulatory friction plus a massive $470M legal battle in the crypto space doused the entire timeline in cold water. 📉
For $ACE and $SNXXB holders, this is a moment to read the tape carefully. Delayed exits always reprice risk, and volatility is the new steady state. Bloomberg's report made it clear — uncertainty is climbing, and the tug-of-war between buyers and sellers just got a lot messier. ⚔️
The real question isn't whether this was already priced in. It's what happens next when liquidity windows slam shut and smart money starts rotating before the crowd catches on.
Are you trimming into the chaos or holding firm for the long play? 🧠
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ACE #SNXXB #RedotPay #CryptoNews #IPO
📊🔥
The IPO clock just froze. RedotPay has officially shelved its US listing plans until 2027 or later, and the market is already feeling the aftershock. Regulatory friction plus a massive $470M legal battle in the crypto space doused the entire timeline in cold water. 📉
For $ACE and $SNXXB holders, this is a moment to read the tape carefully. Delayed exits always reprice risk, and volatility is the new steady state. Bloomberg's report made it clear — uncertainty is climbing, and the tug-of-war between buyers and sellers just got a lot messier. ⚔️
The real question isn't whether this was already priced in. It's what happens next when liquidity windows slam shut and smart money starts rotating before the crowd catches on.
Are you trimming into the chaos or holding firm for the long play? 🧠
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ACE #SNXXB #RedotPay #CryptoNews #IPO
📊🔥
98
RedotPay delays IPO in the U.S. due to regulatory barriers, rules
- RedotPay postpones its IPO plan in the U.S. while waiting for approval from regulators
- The company states it has obtained a money transmitter license in the U.S.
- News reflects difficulties faced by crypto businesses in accessing traditional stock markets
#BinanceSquare #CryptoNews #RedotPay #IPO
$btc $eth
#vlikevn Titanbot
Source: CoinTelegraph
RedotPay delays IPO in the U.S. due to regulatory barriers, rules
- RedotPay postpones its IPO plan in the U.S. while waiting for approval from regulators
- The company states it has obtained a money transmitter license in the U.S.
- News reflects difficulties faced by crypto businesses in accessing traditional stock markets
#BinanceSquare #CryptoNews #RedotPay #IPO
$btc $eth
#vlikevn Titanbot
Source: CoinTelegraph
- RedotPay postpones its IPO plan in the U.S. while waiting for approval from regulators
- The company states it has obtained a money transmitter license in the U.S.
- News reflects difficulties faced by crypto businesses in accessing traditional stock markets
#BinanceSquare #CryptoNews #RedotPay #IPO
$btc $eth
#vlikevn Titanbot
Source: CoinTelegraph
105
·
--
📰 RedotPay announces that it has completed an independent review by an international “Big Four” accounting firm of its anti-money laundering and counter-terrorist financing control processes. The scope includes its licensed companies in Hong Kong, Red Dot Trust Limited and Red F. Technology Limited.
🔥 This review is not just a matter of reviewing a few documents. In line with relevant guidelines from the Hong Kong Companies Registry, it assessed governance, quality assurance, customer due diligence, transaction monitoring, as well as staff training and resource allocation.
To be honest, for stablecoin payments to truly take off, whether the compliance processes can actually run matters far more than how many slogans are being shouted. Especially when it comes to customer identification and transaction monitoring, if something goes wrong, it can’t be solved simply by adding a statement.
💡 But it’s also important to be clear: completing an independent review doesn’t mean receiving a “zero-risk certification.” This announcement confirms that the review has been completed. The focus is on whether its system can effectively identify, assess, and manage risks of financial crime. RedotPay also stated that it will continue to invest in compliance and risk control build-out.
🤔 When choosing a stablecoin payment platform, would you place more weight on the independent review by Big Four firms, or on license coverage and the real-world user experience?
#RedotPay #稳定币支付 #加密合规 #anti-money-laundering
📰 RedotPay announces that it has completed an independent review by an international “Big Four” accounting firm of its anti-money laundering and counter-terrorist financing control processes. The scope includes its licensed companies in Hong Kong, Red Dot Trust Limited and Red F. Technology Limited.
🔥 This review is not just a matter of reviewing a few documents. In line with relevant guidelines from the Hong Kong Companies Registry, it assessed governance, quality assurance, customer due diligence, transaction monitoring, as well as staff training and resource allocation.
To be honest, for stablecoin payments to truly take off, whether the compliance processes can actually run matters far more than how many slogans are being shouted. Especially when it comes to customer identification and transaction monitoring, if something goes wrong, it can’t be solved simply by adding a statement.
💡 But it’s also important to be clear: completing an independent review doesn’t mean receiving a “zero-risk certification.” This announcement confirms that the review has been completed. The focus is on whether its system can effectively identify, assess, and manage risks of financial crime. RedotPay also stated that it will continue to invest in compliance and risk control build-out.
🤔 When choosing a stablecoin payment platform, would you place more weight on the independent review by Big Four firms, or on license coverage and the real-world user experience?
#RedotPay #稳定币支付 #加密合规 #anti-money-laundering
🔥 This review is not just a matter of reviewing a few documents. In line with relevant guidelines from the Hong Kong Companies Registry, it assessed governance, quality assurance, customer due diligence, transaction monitoring, as well as staff training and resource allocation.
To be honest, for stablecoin payments to truly take off, whether the compliance processes can actually run matters far more than how many slogans are being shouted. Especially when it comes to customer identification and transaction monitoring, if something goes wrong, it can’t be solved simply by adding a statement.
💡 But it’s also important to be clear: completing an independent review doesn’t mean receiving a “zero-risk certification.” This announcement confirms that the review has been completed. The focus is on whether its system can effectively identify, assess, and manage risks of financial crime. RedotPay also stated that it will continue to invest in compliance and risk control build-out.
🤔 When choosing a stablecoin payment platform, would you place more weight on the independent review by Big Four firms, or on license coverage and the real-world user experience?
#RedotPay #稳定币支付 #加密合规 #anti-money-laundering
73
TOP CRYPTO CARDS BY MONTHLY VOLUME
Let's review metrics of the leading crypto cards, highlighting their monthly volume, monthly volume change, transactions, and users. Among the top 10 leaders by monthly volume are:
#RedotPay #EtherFi #KAST #Karta #WirexOne #PlasmaOne #Kolo #Kartaio #Tria #Coca
Get 6% cashback on your Tria card by using our referral link: app.tria.so/?accessCode=6BB7EW7827
Get Kolo card by using our referral link: get.kolo.xyz/p717397
TOP CRYPTO CARDS BY MONTHLY VOLUME
Let's review metrics of the leading crypto cards, highlighting their monthly volume, monthly volume change, transactions, and users. Among the top 10 leaders by monthly volume are:
#RedotPay #EtherFi #KAST #Karta #WirexOne #PlasmaOne #Kolo #Kartaio #Tria #Coca
Get 6% cashback on your Tria card by using our referral link: app.tria.so/?accessCode=6BB7EW7827
Get Kolo card by using our referral link: get.kolo.xyz/p717397
Let's review metrics of the leading crypto cards, highlighting their monthly volume, monthly volume change, transactions, and users. Among the top 10 leaders by monthly volume are:
#RedotPay #EtherFi #KAST #Karta #WirexOne #PlasmaOne #Kolo #Kartaio #Tria #Coca
Get 6% cashback on your Tria card by using our referral link: app.tria.so/?accessCode=6BB7EW7827
Get Kolo card by using our referral link: get.kolo.xyz/p717397
121
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number
Trending Topics
1
#CanMicrosoftDeliverOnAI
182,841 views
1,469 Discussing
2
#CanGoogleDefindItsCore
91,955 views
1,048 Discussing
3
#FOMCWatch
9.2M views
28,734 Discussing
4
#HKPlacesTokenizedFundSecondaryTradingUnderETFLikeFramework
14 views
6 Discussing
5
#USGovSellsFTXLinkedAnthropicSharesFor$627M
273 views
18 Discussing
6
#MoodysAssignsRLUSDA2LongTermDepositRating
16 views
17 Discussing
7
#SKHynixUnveils$45BShareholderReturns
708 views
22 Discussing
8
#OSMOPlansToBurn100MTokensFromCommunityPool
7,825 views
244 Discussing
9
#EthereumDropsBelow$2300
12,982 views
174 Discussing
10
#BitcoinSlipsBelow$80KAgain
37,194 views
141 Discussing