Hong Kong, June 2, 2025 — RedotPay, a leading global mobile payment service provider, has partnered with Circle to integrate the Circle Payments Network (CPN), enabling seamless crypto-to-fiat transfers for Brazilian users. This collaboration allows RedotPay’s 4+ million customers to send cryptocurrencies directly to Brazilian bank accounts, with automatic conversion to Brazilian Real (BRL).
Key Features of the RedotPay-Circle Integration
- Instant Settlements: CPN’s global financial network eliminates traditional 1–5 business day delays for cross-border transactions.
- Reduced Costs: Subsidized fee structure during launch ($0 fees) lowers barriers for underbanked populations.
- New "Send Crypto, Receive BRL" Functionality: Streamlines deposits into local Brazilian accounts without currency conversion hassles.
Solving Multi-Market Payment Challenges
Michael Gao, RedotPay CEO and Co-Founder, emphasized:
"Our stablecoin-based solution addresses two critical pain points: slow, expensive transactions with unstable success rates for users, and trapped liquidity across PSPs for providers. This accelerates crypto’s mass adoption in global economies."
Sunil Sharma, Circle’s VP of Product, added:
"CPN modernizes fragmented systems, empowering emerging markets. RedotPay’s users now benefit from frictionless global payments."
Expansion Supported by $40M Series A Funding
The partnership follows RedotPay’s successful $40 million funding round to scale crypto payment solutions worldwide. Users can access the Brazil corridor via RedotPay’s iOS/Android app.
About RedotPay
RedotPay bridges blockchain and traditional finance, offering inclusive, user-friendly crypto spending/sending tools. Their mission: secure, flexible financial solutions for unbanked populations and crypto enthusiasts.
👉 Explore RedotPay’s Crypto Payment Solutions
FAQs
1. How does RedotPay’s new Brazil service work?
Users send crypto via the app, which converts it to BRL deposited directly into Brazilian bank accounts via CPN.
2. Are there transaction limits?
During launch, fees are $0, but standard limits may apply post-promotion.
3. Which cryptocurrencies are supported?
Initial support includes major stablecoins (e.g., USDC); check the app for updates.
4. Is RedotPay available outside Brazil?
Currently launched in Brazil, with plans to expand to other LATAM markets.
5. How does CPN improve transaction speed?
CPN’s connected金融机构 enable real-time settlements, bypassing traditional banking delays.
6. Where can I download RedotPay?
Available on iOS and Android stores.
Media inquiries: [email protected]
About Circle Payments Network
Operated by Circle Technology Services (CTS), CPN connects金融机构 for direct, secure settlements. CTS facilitates technical integration but doesn’t hold funds or manage accounts.
Disclaimer: This content is informational only. RedotPay isn’t liable for inaccuracies. Consult professionals before financial decisions.
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