Crypto Meets Mainstream: RedotPay, Visa, and StraitsX Launch Seamless Spending in Singapore

RedotPay, a leading provider of crypto payment solutions, has announced a strategic partnership with Visa and StraitsX to launch an innovative card program in Singapore. This collaboration aims to redefine how users interact with their digital assets in everyday transactions by combining RedotPay’s innovative technology with Visa’s extensive global payment network. The partnership is made possible through the essential support of StraitsX as the BIN sponsor for the card program.

The new card program will empower users to spend their cryptocurrencies effortlessly across millions of Visa-accepting merchants worldwide. With this innovative solution, users can utilize their cryptocurrencies directly, thanks to RedotPay’s proprietary real-time conversion technology. This feature bridges the gap between digital assets and traditional commerce, making crypto spending as seamless as using a conventional debit or credit card.

The partnership emphasizes robust security measures to protect user data and funds, fostering confidence in the use of cryptocurrencies for everyday purchases. Michael, CEO of RedotPay, expressed his excitement about the collaboration, stating, “We are thrilled to partner with Visa and StraitsX to bring this innovative card program to Singapore. This collaboration marks a significant step forward in our mission to make crypto payments accessible and user-friendly, promoting the mass adoption of cryptocurrencies in payment systems. Our users will enjoy the flexibility of spending their digital assets just like traditional currency.”

Jason Tay, Head of Commercial at StraitsX, also shared his enthusiasm for the partnership, “We are excited to support RedotPay in launching this innovative card program in Singapore. This partnership is a game changer for everyday retail use cases, enabling users to easily leverage their digital assets for daily transactions. As the BIN sponsor, StraitsX is dedicated to powering this initiative, which will transform how consumers interact with cryptocurrencies in the retail space. By combining our technology with Visa’s vast network, we are making it easier than ever for users to seamlessly integrate digital assets into their everyday spending.”

Adeline Kim, Visa Country Manager for Singapore & Brunei, highlighted the potential of the partnership, “Based on a Visa study, close to six in 10 consumers in Singapore are aware of cryptocurrencies. In fact, over 35 percent of cryptocurrency owners in Singapore use cryptocurrencies for retail purchases. We are happy to support our partners who are helping more cryptocurrency users have a more seamless payment experience and