This Strategic Partnership Paves Way for Crypto-Powered Credit Card
RedotPay, a premier provider of cryptocurrency payment solutions, is pleased to announce its groundbreaking partnership with Visa and StraitsX. This collaboration will introduce an innovative card program aimed at transforming digital asset usability, allowing users to seamlessly transact with their cryptocurrencies in daily life. By leveraging RedotPay’s cutting-edge technology and Visa’s global payment infrastructure, the initiative seeks to redefine digital spending experiences. The program is made possible with StraitsX serving as the BIN sponsor.
Seamless Transactions
The newly launched card will enable users to spend their digital assets effortlessly at millions of Visa-accepting merchants worldwide. Thanks to RedotPay’s real-time conversion technology, cryptocurrency holders can make transactions without the need for pre-conversion. This innovation bridges the gap between blockchain-based assets and traditional financial systems, making crypto usage as convenient as any standard payment method.
Compliance and Security
Security remains a top priority for RedotPay. The partnership underscores the importance of stringent security measures and compliance protocols to protect users’ data and funds. By implementing enterprise-grade security standards, RedotPay ensures a safe and reliable environment for cryptocurrency transactions, fostering trust and confidence among users.
Enhancing User Experience
“We are thrilled to partner with Visa and StraitsX to bring this innovative card program to Singapore,” said Michael, CEO of RedotPay. “This collaboration marks a significant step forward in our mission to make crypto payments accessible and user-friendly, promoting the mass adoption of cryptocurrencies in payment systems. Our users will enjoy the flexibility of spending their digital assets just like traditional currency.”
Jason Tay, Head of Commercial at StraitsX, added, “We are excited to support RedotPay in launching this innovative card program in Singapore. This partnership is a game changer for everyday retail use cases, enabling users to easily leverage their digital assets for daily transactions. As the BIN sponsor, StraitsX is dedicated to powering this initiative, which will transform how consumers interact with cryptocurrencies in the retail space. By combining our technology with Visa’s vast network, we are making it easier than ever for users to seamlessly integrate digital assets into their everyday spending.”
“Based on a Visa study, close to six in 10 consumers in Singapore are aware of cryptocurrencies. In fact, over 35 percent of cryptocurrency owners in Singapore use cryptocurrencies for retail purchases.[1] We are happy to support our partners who are helping more cryptocurrency users have a more seamless payment experience and access to digital payments leveraging on their Visa cards for face-to-face or online transactions. Visa is committed to promoting innovation with our valued partners and this initiative with RedotPay and StraitsX aligns with our vision to become the best way to pay and be paid,” said Adeline Kim, Visa Country Manager for Singapore & Brunei.
Looking Ahead
RedotPay’s innovative card program, which began its soft launch in late 2024, features a user-centric interface that balances convenience with security. Users can effortlessly manage and utilize their digital assets, making everyday transactions as intuitive as traditional payment methods.
About RedotPay
RedotPay is a pioneering cryptocurrency payment platform based in Hong Kong, offering seamless digital asset integration across Asia, Europe, and beyond. The company’s mission is to drive widespread crypto adoption, enhance payment efficiency through blockchain technology, and improve financial inclusion for the unbanked. With a strong focus on intuitive user experiences and enterprise-level security, RedotPay empowers businesses and individuals to transact with confidence.
For media inquiries, users may contact: Press@RedotPay.com
About StraitsX
StraitsX is Southeast Asia’s foremost digital payment infrastructure provider and a licensed Major Payment Institution under the Monetary Authority of Singapore. Through blockchain-powered solutions, StraitsX enables businesses and individuals to manage digital assets efficiently, streamline cross-border transactions, and navigate the evolving financial landscape. The company collaborates with global financial institutions, enterprises, and developers to shape the future of digital payments.
[1] Visa Green Shoots Radar: Study conducted across Asia Pacific markets, including 500 Singapore respondents in June 2023.
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