RedotPay Unveils Crypto Credit Card in Partnership with Visa and StraitsX: A New Era for Digital Payments
Singapore, February 10, 2025 — In a bold step toward mainstream cryptocurrency adoption, RedotPay , a trailblazer in crypto payment solutions, has joined forces with global payments leader Visa and Southeast Asia’s digital payment innovator StraitsX to launch a revolutionary crypto credit card program in Singapore. This collaboration is set to transform how users interact with their digital assets, making it easier than ever to spend cryptocurrencies at millions of merchants worldwide.
Crypto Meets Everyday Spending
The new RedotPay card program is designed to simplify the process of spending cryptocurrencies by enabling real-time conversion of digital assets into fiat currency at the point of sale. Powered by RedotPay’s cutting-edge technology , users can now transact seamlessly at any Visa-accepting merchant —whether they’re shopping online, dining out, or traveling abroad.
This initiative bridges the gap between the crypto ecosystem and traditional commerce, offering users the flexibility to use their digital assets just like cash. No more worrying about lengthy conversion processes or limited acceptance; the RedotPay card makes crypto spending as effortless as swiping a conventional credit card.
A Secure and Compliant Solution
Security and compliance are at the heart of this partnership. RedotPay has implemented robust measures to ensure user data and funds are protected, fostering trust among consumers who want to embrace cryptocurrencies for everyday transactions. The collaboration also adheres to strict financial regulations, providing users with peace of mind while using their digital assets.
As Jason Tay, Head of Commercial at StraitsX , explained, “This partnership is a game-changer for retail use cases, enabling users to easily leverage their digital assets for daily transactions.” As the BIN sponsor for the program, StraitsX plays a pivotal role in ensuring seamless integration of blockchain technology within a secure and regulated framework.
Empowering Financial Inclusion
One of the most exciting aspects of this initiative is its potential to promote financial inclusion. By enabling users to spend cryptocurrencies directly, the RedotPay card opens doors for unbanked populations and those underserved by traditional financial systems. This aligns with RedotPay’s mission to drive crypto adoption and make digital assets usable in everyday commerce.
Michael, CEO of RedotPay , emphasized the significance of this collaboration, stating, “We are thrilled to partner with Visa and StraitsX to bring this innovative card program to Singapore. This marks a major milestone in our mission to make crypto payments accessible and user-friendly, promoting mass adoption in payment systems.”
Visa’s Commitment to Innovation
Visa’s involvement underscores its commitment to fostering innovation in the payments space. According to Adeline Kim, Visa Country Manager for Singapore & Brunei , nearly six in 10 consumers in Singapore are already aware of cryptocurrencies, with over 35% of crypto owners using them for retail purchases. This initiative aims to enhance the payment experience for these users, leveraging Visa’s extensive global network to provide access to digital payments both online and offline.
“Visa is committed to promoting innovation with our valued partners,” said Kim. “This collaboration with RedotPay and StraitsX aligns with our vision to become the best way to pay and be paid.”
What Sets the RedotPay Card Apart?
The RedotPay card stands out for several reasons:
- Real-Time Conversion : Instantly convert crypto to fiat at the point of sale.
- Global Acceptance : Use your card at millions of Visa-accepting merchants worldwide.
- Self-Custody of Assets : Maintain control over your crypto holdings while spending them effortlessly.
- User-Friendly Interface : Manage your crypto assets with ease through an intuitive platform.
Soft Launch Success and Future Outlook
The RedotPay card program soft-launched in late 2024, receiving positive feedback from early adopters. Its official rollout in early 2025 is expected to attract a diverse audience, including tech-savvy millennials, crypto enthusiasts, and businesses looking to integrate blockchain technology into their operations.
With Singapore serving as the launchpad, the program has the potential to expand into other markets across Southeast Asia, Europe, Latin America, and beyond. This could pave the way for a global shift toward digital currencies as a viable medium of exchange.
About the Companies
- RedotPay : A Hong Kong-based company focused on enabling crypto adoption and increasing payment efficiency through blockchain technology. RedotPay simplifies crypto transactions while prioritizing enterprise-grade security.
- StraitsX : A licensed Major Payment Institution regulated by the Monetary Authority of Singapore (MAS), StraitsX provides innovative tools for managing funds, integrating digital assets, and enabling cross-border transactions.
- Visa : A global leader in digital payments, Visa connects consumers, businesses, banks, and governments to fast, secure, and reliable electronic payments.
For media inquiries or additional details, please contact: Email: press@redotpay.com
The future of finance is here. With RedotPay, Visa, and StraitsX leading the charge, the line between digital assets and traditional commerce is becoming increasingly blurred. Will you be among the first to embrace this new era of spending?