Gate News message, April 21 — Hong Kong-based RedotPay, a crypto payments firm, has integrated SUI and USDC-Sui into its platform, enabling users to spend these tokens and send payouts through its card and payment services across more than 100 countries. The integration supports native USDC on Sui, moving beyond bridged assets, and allows users to send cryptocurrency while recipients receive local fiat currency, simplifying cross-border transfers.
RedotPay operates with over 7 million users and processes more than US$10 billion in annualized payment volume. The company raised US$107 million in a Series B funding round led by Goodwater Capital, with backing from Pantera Capital, Blockchain Capital, and Circle Ventures. RedotPay reported the business is already profitable, generating over US$150 million in annualized revenue.
Sui, developed by Mysten Labs, handles commerce-focused transfers at minimal cost and with near-instant settlement. The integration reflects a broader trend of fintech firms adopting high-speed blockchains and natively issued stablecoins for cross-border payment infrastructure outside traditional networks. RedotPay holds regulatory licenses in Argentina, Canada, and the United States.
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