Search results for RedotPay
Crypto
Stablecoin payment card volume tops $1 billion in August, hits records for volume, transactions and users
Stablecoin-based crypto payment cards hit monthly records in August for transaction value, number of payments and users. Payment volume reached $1.076 billion, marking a second straight month above $1 billion. Payments totalled about 10.67 million and active addresses rose to more than 283,000. RedotPay led by value and transactions. Growth was notable in emerging markets, while activity remained concentrated in a few programs and the overall market stayed small.
Crypto
Binance affiliates sue RedotPay, alleging 470,000 Binance Card users left
Binance affiliates have filed a $472.8 million damages lawsuit against RedotPay co-founders, alleging RedotPay breached a commercial agreement and moved more than 470,000 Binance Card users to its service. The suit was brought by Nest Trading, Distributed Technologies and Chaintex Consulting Singapore, affiliates of Binance Holdings. Binance alleges RedotPay enabled users to top up RedotPay stablecoin payment cards using Binance Pay outside the contract scope.
Crypto
Crypto card daily spending hits record high as Visa network and regulatory overhaul drive growth
Daily spending on cryptocurrency payment cards hit a record $36.82 million on July 20. Data showed usage has roughly tripled over the past year even as major crypto prices moved sideways. KAST led daily card payments with $13.64 million, briefly overtaking Hong Kong stablecoin payments firm RedotPay, though the lead flipped back within 24 hours. Market participants cited regulatory clarity and Visa network access as key drivers, while some attributed the spike to KAST incentives.