what's RedotPay?
RedotPay is a digital asset payment platform that enables users to spend cryptocurrencies like cash through virtual and physical Visa cards. It supports instant conversion of assets such as BTC, ETH, USDT, and USDC into fiat for global payments, ATM withdrawals, and online purchases at over 130 million merchants worldwide. The platform emphasizes security with blockchain technology, compliance features like KYC via partners such as Sumsub, and low-fee transactions across 100+ countries, targeting financial inclusion in regions like Africa and Asia. Users can deposit crypto via networks like TRC20 or ERC20, swap assets within the app, and earn rewards or cashback on spending. Integration with Apple Pay and Google Pay allows seamless mobile payments, while the wallet supports sending, receiving, and earning on stablecoins. Backed by $47 million in funding from tier-1 VCs, RedotPay serves over 5 million users by bridging crypto and traditional finance without annual fees on cards.
RedotPay led crypto card volume in March 2026, ranking first amid record $606.6M total.
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x.com/redotpayAchieved the highest crypto card volume among competitors in March 2026, ranking first in a period where total crypto card volume reached an all-time high of $606.6M.
Seeks to raise $150M funding, plans $1B US IPO at an above $4B valuation with JPMorgan, Goldman Sachs, and Jefferies.
Integrated Chainalysis Crypto Compliance solution for on-chain compliance monitoring across Argentina, Canada, and the United States.
Processes over $10 billion in annualized payment volume.
Generates more than $150 million in annualized revenue while operating profitably.
Crossed 6 million users across 100+ markets.
November volume reaches $91M, down 9% from October's $100M, though platform remains second-largest crypto card provider.
Partners with Ripple to support crypto-to-naira cashouts, enabling users to convert crypto and receive Nigerian naira directly in bank accounts.
Reached $300 million in monthly transaction volume.
Platform charges 2%-4% fees with no rewards program per third-party comparison with competitor crypto cards.
Raises $47M in new funding round focused on stablecoin and payment solutions.
Platform achieves 9x USDC spend growth and 4x stablecoin share increase, launches Brazil payouts.
Formula 1 driver Pierre Gasly actively uses platform for luxury purchases through USDC and SonicLabs integration.
Launched Solana card with payments integration, providing access to 4M users.
New integration with Circle Payment Network enables global P2P transfers and crypto-funded cards without pre-funding requirements.
New crypto card launch in South Korea enables real-time stablecoin payments through Visa and Apple Pay integration.
Galaxy Ventures announces strategic investment in crypto-settled card payment platform focusing on stablecoin utility.
Secures $40M Series A funding in March 2025 as part of largest crypto VC funding month since 2022.