RedotPay Collaborates with Circle for Crypto-to-Fiat Transfers and Expands to Brazil

The cryptocurrency payment platform RedotPay has partnered with Circle to launch the Circle Payments Network, introducing a new crypto-to-fiat payment feature in Brazil as a first step toward broader expansion.

This collaboration enables over 4 million RedotPay users to send crypto directly to Brazilian bank accounts, automatically converting to Brazilian Real.

The “Send Crypto, Receive BRL” feature is now live in Brazil, currently offering a limited-time promotion with no transaction fees, as noted by crypto.news.

By utilizing Circle’s infrastructure, RedotPay aims to reduce the costs and delays often associated with international transactions.

Rapid prefunded accounts and payments

Michael Gao, CEO of RedotPay, stated that this partnership tackles two significant challenges for users in emerging markets: speed and cost. “With our launch in Brazil, we are dedicated to delivering faster and more affordable solutions to boost crypto payment adoption,” he remarked.

Sunil Sharma, Circle’s VP of Product, characterized the new collaboration as aligned with Circle’s (USDC) mission to transform the global payments infrastructure and support underserved communities through stablecoin-enabled services.

This initiative follows RedotPay’s recent $40 million Series A funding round and represents its strategy to expand into other regions in need by leveraging Circle’s payment framework. The service is now available through the RedotPay app on both iOS and Android.