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RedotPay Secures $40 Million in Funding to Accelerate Crypto Payments and Financial Empowerment Worldwide
Singapore-based fintech company RedotPay has successfully secured a significant $40 million in funding to expand its ecosystem, boost compliance, and enter new global markets. The fresh capital injection is expected to accelerate the development of innovative crypto payment solutions aimed at promoting financial empowerment worldwide.
The funds will be strategically utilized to enhance the platform’s capabilities, strengthen its regulatory compliance framework, and fuel international expansion efforts. This significant milestone underscores RedotPay’s commitment to democratizing access to financial services and empowering individuals worldwide.
“We don’t just build products. We solve real problems for our users,” emphasized RedotPay’s CEO Gao. “Our mission is clear: to accelerate financial empowerment and create a more inclusive global economy.”
RedotPay has been making significant strides in the crypto payments landscape, partnering with prominent players like Visa and StraitsX earlier this year to launch a crypto credit card designed for digital asset payments adoption in Singapore. The company also recently achieved Virtual Asset Service Provider (VASP) registration in Lithuania, allowing it to formally enter the European market.
Binance Pay has also partnered with xMoney to expand crypto payments across the European Union.
Source: https://coinjournal.net/news/redotpay-raises-40m-to-accelerate-crypto-payments/
