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 RedotPayâs more than 4 million users to send crypto directly to Brazilian bank accounts, with automatic conversion into Brazilian Real.Â
The âSend Crypto, Receive BRLâ feature is live in Brazil, with a limited-time launch offer of zero fees, according to a note shared with crypto.news.
By using Circleâs infrastructure, RedotPay aims to reduce the costs and delays typically associated with international transfers.Â
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. âWith our launch in Brazil, we remain committed to delivering faster and more affordable solutions that drive crypto payment adoption,â he said.
Circle VP of Product Sunil Sharma called the new partnership part of Circleâs (USDC) mission to modernize global payments infrastructure and support underserved populations through stablecoin-powered solutions.
The move follows RedotPayâs recent $40 million Series A funding round and signals its push to expand into other high-need regions using Circleâs payment rails. The service is now available through the RedotPay app on both iOS and Android.