RedotPay Partners with Circle to Launch Crypto-to-Fiat Transfers in Brazil

RedotPay, a crypto payment platform, has teamed up with Circle to integrate the Circle Payments Network, marking its entry into Brazil with a new crypto-to-fiat feature. The collaboration allows RedotPay’s 4 million users to send cryptocurrencies directly to Brazilian bank accounts, automatically converting them into Brazilian Real.

The "Send Crypto, Receive BRL" service is now live, offering zero fees for a limited time. By leveraging Circle’s infrastructure, RedotPay aims to cut costs and delays typically associated with cross-border transactions, addressing speed and affordability for users in emerging markets.

Michael Gao, CEO of RedotPay, emphasized the platform’s commitment to driving crypto payment adoption through faster and cheaper solutions. Circle’s VP of Product, Sunil Sharma, highlighted the partnership as part of USDC’s broader mission to modernize global payments and support underserved populations with stablecoin technology.