RedotPay, a fast-growing crypto payments platform, has taken a major step toward simplifying digital finance in emerging markets. The company has teamed up with Circle, the firm behind the popular stablecoin USDC, to bring real-time crypto-to-fiat transfers to Brazil.
A New Way to Send Money: Crypto In, Brazilian Real Out
Through this new partnership, RedotPay’s 4 million+ users can now send crypto that gets directly converted into Brazilian Real (BRL) — and deposited straight into local bank accounts. The service, powered by Circle’s Payment Network, launched with a special zero-fee promo for a limited time.
Why It Matters
Traditional international payments can be slow and costly. With Circle’s infrastructure in place, RedotPay eliminates the need for prefunded accounts, slashing delays and fees while offering instant settlements. This is particularly impactful for users in developing economies where remittance speed and affordability are critical.
Michael Gao, CEO of RedotPay, emphasized that the goal is to offer faster and more affordable payment options that make crypto useful in everyday life. “Our Brazil launch marks the beginning of a broader strategy to bring efficient crypto payments to regions that need it most,” he said.
A Broader Vision
Sunil Sharma, VP of Product at Circle, highlighted that this collaboration aligns with their mission to modernize global payments and provide stablecoin-based solutions for underserved communities.
This new feature comes shortly after RedotPay secured $40 million in Series A funding, underscoring investor confidence in their global expansion plans. Users can now access the crypto-to-fiat transfer service via the RedotPay mobile app on both iOS and Android.
Key Takeaway
With RedotPay and Circle joining forces, crypto is becoming a practical, real-world tool — not just an investment. Brazil is just the first stop on what could be a global journey toward better, faster, and cheaper digital payments.
