RedotPay Expands Multi-Market Payouts to Mexico: Send Crypto, Receive MXN with CPN
A new standard for multi-market payouts: near-instant and low-cost service
RedotPay, a fast-growing fintech committed to promoting financial inclusion through stablecoin payments, announced an expansion of its integration with Circle Payments Network (CPN). RedotPay introduces the “Send Crypto, Receive MXN” feature, designed to provide a nearly instant and more cost-effective payment solution for Mexico, one of the world’s largest payment corridors. This new feature enables simpler conversions between crypto and fiat.
“Cryptocurrencies enable financial inclusion in a way no other asset class ever has. But the real value is in being able to spend, send, and receive crypto as easily as local currency,” said Michael Gao, CEO and Co-Founder of RedotPay. “We are building a stablecoin-based payment infrastructure that is not only fast and efficient but also provides a seamless pathway for millions of families and businesses globally to participate in the global economy. This launch in Mexico demonstrates our vision to accelerate global financial inclusion.”
Challenging High Fees, Forging a New Payment Corridor
Mexico is a critical hub in the global payment market. According to the latest data, the country received a record of over $64.7 billion in funds in 2024. While these payouts are crucial for millions of families, traditional financial services often come with high fees, averaging 6.49% and lengthy settlement times of one to five business days.
RedotPay’s new feature can fundamentally change this. Through our CPN integration, users can seamlessly convert between cryptocurrency and fiat. This service leverages the efficiency of the blockchain to reduce transaction fees to below 1% and enable near-instant fund payouts, offering a significant cost and time advantage for local users.
Turning Technology into Human Stories: Streamlining Global Payments
For a digital nomad, a freelancer, or an entrepreneur, this feature provides a seamless way to convert between digital and fiat currencies. Within 5 minutes, a user can send $200 in USDC from their RedotPay wallet to fiat for daily personal expenses, without their money being eroded by high service fees. The launch of this integration follows RedotPay’s successful completion of a $40 million Series A funding round and $47 million strategic investment, which will be used to accelerate the deployment of its global crypto payment solutions. Following the successful lancement of its “Send Crypto, Receive BRL” feature in Brazil, RedotPay plans to expand its technology to more emerging markets, continuing to advance its mission.
A propos de RedotPay :
RedotPay is a global stablecoin-based payment fintech that integrates blockchain solutions with traditional banking and finance infrastructures. Our intuitive platform empowers millions around the world to spend and send digital assets, ensuring faster, more accessible, and inclusive financial services. RedotPay advances financial inclusion for the unbanked and supports crypto enthusiasts, driving global adoption of secure and flexible stablecoin-powered financial solutions to bring crypto to real life.
Pour les demandes média, merci de contacter : press@redotpay.com
About Circle Payments Network:
Circle Technology Services, LLC (CTS) is the operator of Circle Payments Network (CPN) and offers products and services to financial institutions that participate in CPN to facilitate their CPN access and integration. CPN connects participating financial institutions around the world, with CTS serving as the technology service provider to participating financial institutions. While CTS does not hold funds or manage accounts on behalf of customers, we enable the global ecosystem of participating financial institutions to connect directly with each other, communicate securely, and settle directly with each other. CTS is not a party to transactions between participating financial institutions facilitated by CPN who use CPN to execute transactions at their own risk. Use of CPN is subject to the CPN Rules and the CPN Participation Agreement between CTS and a participating financial institution.
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