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crypto.news 2025-06-02 13:47:30

RedotPay taps Circle for crypto-to-fiat transfers, launches in Brazil

RedotPay taps Circle for crypto-to-fiat transfers, launches in Brazil

Crypto payment platform RedotPay has partnered with Circle to integrate the Circle Payments Network, launching a new crypto-to-fiat payment feature in Brazil as its first step toward broader expansion. The collaboration enables RedotPay’s more than 4 million users to send crypto directly to Brazilian bank accounts, with automatic conversion into Brazilian Real. The “Send Crypto, Receive BRL” feature is live in Brazil, with a limited-time launch offer of zero fees, according to a note shared with crypto.news. By using Circle’s infrastructure, RedotPay aims to reduce the costs and delays typically associated with international transfers. You might also like: SEC pushes back on Ethereum and Solana ETF plans by REX-Osprey Fast prefunded accounts and payments Traditional cross-border payments can take several days and often include steep fees and unfavorable foreign exchange rates. The CPN integration eliminates the need for prefunded accounts and enables real-time settlement between institutions. RedotPay CEO Michael Gao said the partnership helps solve two key issues for users in emerging markets: speed and cost. “With our launch in Brazil, we remain committed to delivering faster and more affordable solutions that drive crypto payment adoption,” he said. Circle VP of Product Sunil Sharma called the new partnership part of Circle’s ( USDC ) mission to modernize global payments infrastructure and support underserved populations through stablecoin-powered solutions. The move follows RedotPay’s recent $40 million Series A funding round and signals its push to expand into other high-need regions using Circle’s payment rails. The service is now available through the RedotPay app on both iOS and Android. You might also like: Will Bitcoin and altcoins rise in June, or is a new crypto winter coming?

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