Hong Kong-based fintech firm RedotPay has recently introduced its cryptocurrency-enabled payment cards in South Korea, aiming to disrupt the market dominated by traditional credit card companies and mobile payment services. The company’s crypto debit cards, available in physical and virtual forms, are now accepted at all Korean merchants supporting Visa. This move follows RedotPay’s partnership with Visa and BIN sponsor StraitsX in February 2025 to enhance cross-border crypto payment capabilities. Established in 2023, RedotPay has experienced rapid growth since the soft launch of its crypto card program in late 2024, serving over 4 million users globally. In South Korea, users can obtain a virtual card for $10 or a physical card for $100 with minimal verification requirements. Reports suggest that the card is currently accessible to Korean users, allowing for immediate use through smartphone verification. The RedotPay cards support major cryptocurrencies like Bitcoin (BTC), Ether (ETH), and stablecoins such as USDC and USDt. Users can load their cards with crypto assets from various blockchains, including Solana, Polygon, BSC, Tron, and Arbitrum. One notable feature is RedotPay’s real-time stablecoin payment and refund system, deducting stablecoins instantly upon purchase and processing refunds within minutes for canceled transactions. RedotPay is also compatible with Apple Pay in Seoul, giving it an advantage in a market where Apple Pay is limited to Hyundai Card customers. The growing crypto adoption in South Korea, with over 16 million crypto holders, has made crypto a prominent topic in the country’s 2025 presidential race. Political leaders have made promises regarding crypto-friendly measures, including the approval of spot crypto ETFs and regulatory frameworks for stablecoins. RedotPay’s entry into the South Korean market signifies a significant development in the country’s evolving crypto landscape.