RedotPay’s new feature allows users to purchase stablecoins without fees using Euro and British Pound deposits, and is available in all supported regions.
Hong Kong, Aug. 11, 2025 — RedotPay, a fintech company connecting digital assets and traditional finance, has introduced a new feature enabling instant conversion from fiat to stablecoins for users in the UK and EU. Starting July 6, verified users can deposit Euros (EUR) and British Pounds (GBP) directly into RedotPay’s Multi Currency Wallet and instantly convert them to stablecoins.
This launch is the next step in RedotPay’s product development plan, following their recent funding round. The platform, launched in 2023, has already gained over 5 million users worldwide.
The fiat deposit feature improves user experience by providing a more cost-effective and faster alternative, as well as a safer method compared to the compliance risks of buying stablecoins through offline OTC shops. With this update, users can directly deposit fiat and instantly convert it into stablecoins for global transfers. Currently, RedotPay users can instantly convert to Brazilian Real (BRL) and deposit directly into a recipient’s Brazilian bank account.
Michael Gao, CEO and Co-Founder of RedotPay, said: “At RedotPay, we pay close attention to our users’ needs and focus on solving the real challenges they face when accessing digital finance. This instant fiat-to-stablecoin feature is a direct response to user feedback and the common issues with traditional onramps—high fees, slow processing, fraud risks, and complex procedures. We are dedicated to continuously improving our payment products and user experience to make stablecoin-based payments accessible and beneficial to everyone, not just crypto enthusiasts. Our goal is to make digital assets as easy and safe to use as regular money, empowering more people to participate in the global economy with confidence and convenience.”
To use the feature, users must complete identity verification and a risk assessment questionnaire. Each account is linked to a single currency, either EUR or GBP. Deposits are only accepted from supported regions and must match the user’s government-issued ID.
RedotPay has also added new in-app safeguards to promote safe usage and protect users from crypto scams. These measures demonstrate RedotPay’s commitment to maintaining high compliance and security standards by combining user-friendly features with robust compliance and security practices.
The new feature is available to all verified RedotPay users, and users in select countries can enjoy limited-time promotions like zero-fee account opening. This is the first phase of a broader global rollout planned for more regions in the coming months. The company continues to advocate for and simplify the use of crypto for everyday users, supporting the broader adoption of secure, real-world digital asset use. RedotPay is accepted by over 130 million merchants globally and is compatible with Apple and Google Pay.
*RedotPay is a fintech service provider, not a bank. The Multi Currency Wallet is provided by licensed financial institutions, and RedotPay only facilitates its use.
About RedotPay
RedotPay is a global crypto payments fintech that integrates blockchain solutions with traditional banking and finance infrastructures. Our platform enables millions worldwide to spend and send digital assets, ensuring faster, more accessible, and inclusive financial services. RedotPay promotes financial inclusion for the unbanked and supports crypto enthusiasts, driving global adoption of secure and flexible crypto-powered financial solutions to bring crypto to real life.
Contact Information
Athraa Bheekoo
athraa@lunapr.io
