RedotPay Lowers Mexico Remittance Fees to Under 1% with Crypto Integration

RedotPay, a global stablecoin-based fintech firm, has launched a new feature titled "Send Crypto, Receive MXN" to enable near-instant and low-cost crypto-to-fiat transactions for Mexico, one of the world's largest remittance corridors. The service leverages RedotPay's integration with the Circle Payments Network (CPN) to convert cryptocurrencies into Mexican pesos (MXN) with transaction fees below 1%, significantly lower than the industry average of 6.49% for traditional cross-border transfers RedotPay Expands Multi-Market Payouts to Mexico: Send Crypto, Receive MXN with CPN^[1]. This expansion follows RedotPay's successful deployment of a similar feature in Brazil and its recent $40 million Series A funding round RedotPay Rolls Out Instant Crypto-to-Fiat Payment Feature for Mexico^[2].

The new feature addresses persistent challenges in Mexico's remittance market, which received a record $64.7 billion in 2024. Traditional money transfer services often impose high fees and settlement delays of one to five business days, limiting financial accessibility for millions of users. By utilizing blockchain infrastructure, RedotPay's solution reduces settlement times to near-instantaneous levels, enabling users to convert stablecoins like USDC into MXN within minutes RedotPay Expands Cross-Border Crypto Payments to Mexico with ‘Send Crypto, Receive MXN’ Via CPN^[3]. For example, a user could send $200 in USDC to a local bank account in Mexico without incurring high intermediary fees, a critical advantage for digital nomads, freelancers, and small businesses RedotPay Joins Circle Payments Network to Enable Crypto-to-Fiat Cross-Border Transfers in Brazil^[4].

RedotPay's CEO and Co-Founder, Michael Gao, emphasized the initiative's role in advancing financial inclusion. "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," he stated. The company's stablecoin-based infrastructure aims to create a seamless bridge between digital assets and traditional banking systems, allowing users to access global financial services without relying on legacy networks RedotPay Expands Multi-Market Payouts to Mexico: Send Crypto, Receive MXN with CPN^[5].

The Mexico rollout is part of RedotPay's broader strategy to expand its crypto-to-fiat payment solutions into emerging markets. The firm previously launched the "Send Crypto, Receive BRL" feature in Brazil, leveraging the same CPN integration to facilitate real-time settlements. RedotPay's partnership with CPN, a global network connecting financial institutions, enables real-time cross-border transactions by eliminating intermediaries and reducing operational complexity RedotPay Partners with Circle to Support Crypto-to-Fiat Payments^[6]. Circle, the operator of CPN, highlighted the network's compliance-first architecture, which includes stringent licensing and AML/CFT requirements for participating institutions Circle Payments Network | Global Stablecoin Payments^[7].

The launch underscores growing momentum in stablecoin-driven payments. Circle's CPN, which supports transactions on multiple blockchains including Ethereum and Solana, has attracted over 25 financial institutions as partners. By enabling direct settlements between originator and beneficiary institutions, CPN reduces costs and delays associated with traditional correspondent banking Circle Announces Payments Network to Transform Global Money Movement^[8]. RedotPay's integration with CPN aligns with its mission to provide faster, more affordable alternatives to conventional remittance channels, particularly in markets with underdeveloped financial infrastructure.