First Launching in Brazil, Eyes Expansion to Other Regions
HONG KONG, June 2, 2025 — RedotPay, a global crypto payment fintech serving over 4 million users, announces a partnership with Circle to use Circle Payments Network (CPN) for payments into Brazil. Through this collaboration, RedotPay users can now send cryptocurrency directly to Brazilian bank accounts, with funds automatically converted into Brazilian Real (BRL) upon arrival.
CPN connects financial institutions worldwide to enable cross-border payments with real-time settlement. This integration advances RedotPay’s mission to make global payments more accessible for underbanked populations by significantly reducing transaction costs and eliminating the traditional one to five business day settlement period typically associated with international transfers.
As the first step of the CPN integration, RedotPay launched the new “Send Crypto, Receive BRL” feature. Removing friction from cross-border payments, RedotPay’s new feature will enable instant and seamless crypto-to-fiat deposits to Brazilian bank accounts, offering a subsidized $0 fee structure during launch.
“By integrating with Circle Payments Network, RedotPay is addressing two major pain points that have historically hindered cross-border payments in emerging markets: For users, the process has been slow and costly with high foreign exchange rates and handling fees. Transaction success rates have also been inconsistent. For Payment Service Providers (PSPs), capital has often been trapped in prefunded accounts with different PSPs or banks across multiple countries,” commented Michael Gao, CEO & Co-Founder of RedotPay. “We are pleased to deliver a new stablecoin-based payment solution that effectively resolves these challenges. With our launch in Brazil, we remain committed to deliver innovative payment solutions that are faster and more affordable, so as to drive mass adoption of crypto payments and empower families and businesses to participate seamlessly in the global economy.”
“A fragmented cross-border payments system has long been a burden for households relying on traditional systems with high fees,” said Sunil Sharma, VP of Product at Circle. “We designed Circle Payments Network as a foundational coordination protocol for the always-on economy to connect financial institutions who share our vision of empowering emerging economies and modernizing the global financial system. This is the next chapter in Circle’s evolution, and RedotPay’s customers will now have access to frictionless global payments.”
The partnership comes shortly after RedotPay successfully secured a $40 million Series A round to accelerate global crypto payment solutions. RedotPay users can access the new Brazil payment corridor through the RedotPay app, available on iOS and Android.
RedotPay is a global crypto payment fintech integrating blockchain solutions into traditional banking and finance infrastructure. Our user-friendly crypto platform empowers millions globally to spend and send crypto assets, ensuring faster, more accessible, and inclusive financial services. RedotPay advances financial inclusion for the unbanked and supports crypto enthusiasts, driving the global adoption of secure and flexible crypto-powered financial solutions.
For media inquiries, please contact: press@redotpay.com
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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