RedotPay Partners with Visa and StraitsX to Launch Crypto Payment Card in Singapore

RedotPay, a leading crypto payment solutions provider, has teamed up with Visa (NYSE:V) and StraitsX to introduce an innovative crypto card program in Singapore. This collaboration aims to enhance crypto adoption by enabling seamless digital asset transactions at millions of Visa-accepting merchants worldwide.

The RedotPay card leverages real-time crypto-to-fiat conversion technology, allowing users to spend their cryptocurrencies effortlessly, just like a traditional debit or credit card. StraitsX plays a crucial role as the BIN sponsor, ensuring a smooth and regulated rollout.

Security and compliance remain top priorities, with robust measures in place to protect user data and funds. “We are thrilled to collaborate with Visa and StraitsX to revolutionize crypto payments,” said Michael, CEO of RedotPay. “This initiative bridges the gap between digital assets and everyday spending, promoting mass adoption.”

Jason Tay, Head of Commercial at StraitsX, emphasized the impact of this partnership: “This program transforms how users integrate digital assets into daily transactions. By combining our technology with Visa’s global network, we are making crypto payments more accessible.”

According to a Visa study, nearly six in ten Singaporeans are aware of cryptocurrencies, with over 35% already using them for retail purchases. Visa’s Singapore & Brunei Country Manager, Adeline Kim, highlighted Visa’s commitment to innovation in digital payments, stating, “We are excited to support RedotPay and StraitsX in enabling seamless crypto transactions.”

The RedotPay card soft-launched in late 2024, offering a secure, user-friendly interface. RedotPay, headquartered in Hong Kong, operates across Asia and Europe, driving blockchain adoption for financial inclusion. StraitsX, a regulated payment institution under the Monetary Authority of Singapore, continues to enhance digital financial infrastructure.