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Mint Blockchain and RedotPay Forge Strategic Partnership to Build Consumer PayFi Network

We are thrilled to announce our strategic partnership with RedotPay, a global leader in cryptocurrency payment solutions, to advance consumer adoption of crypto payments and build a PayFi network.

As part of this collaboration, in addition to the $5 spending reward provided by RedotPay and 6,000 Mint points previously, Mint will offer an extra $5 spending reward per user. Users registering via Mint’s official invitation link will receive a $10 spending bonus in total rewards and 6,000 MPs. Users can claim and use the spending bonus upon virtual/physical card activation. (This initiative is limited to the first 2,000 users who activate via Mint's official invitation link).

Furthermore, users who spend with a RedotPay card for the first time will receive an exclusive PayFi commemorative NFT badge, part of the Expedition NFT series, which also includes future airdrop rights from Mint Blockchain.

Get started Here.

RedotPay is a fast-growing cryptocurrency payment company based in Hong Kong, serving over 3 million users worldwide. The company aims to enable users to spend cryptocurrency in everyday transactions, reduce overall costs through blockchain, and help unbanked individuals access payment services to promote greater financial inclusion and economic prosperity. With a strong emphasis on compliance and security, RedotPay is driving widespread crypto adoption and helping users embrace the future of digital finance.

RedotPay offers a comprehensive crypto payment platform that supports direct integration with decentralized applications (DApps). One upcoming feature allows users to link their DApp wallets to a RedotPay Card.

This feature enables users to conduct transactions directly using crypto without prior deposits. RedotPay Cards are accepted by over 44 million merchants globally and can be used for ATM withdrawals and card payments at merchant locations.

RedotPay enables users to spend crypto like fiat. Source: RedotPay

RedotPay eliminates the need to convert crypto into fiat before transactions, enabling users to pay directly with cryptocurrency. Additionally, it integrates with major payment platforms like PayPal, AliPay, Apple Pay, and Google Pay, offering seamless contactless payment experiences. In December 2023, RedotPay announced a partnership with Binance Pay, allowing Binance Pay users to make direct deposits to their RedotPay cards.

RedotPay adheres to rigorous Know Your Customer (KYC) and Know Your Transaction (KYT) policies to safeguard users and merchants.

*RedotPay Unsupported Countries/Regions: Afghanistan, Belarus, Bosnia and Herzegovina, Burkina Faso, Burma (Myanmar), Burundi, Cameroon, Canada, Central African Republic, Mainland China, Congo, Croatia, Cuba, Democratic Republic of the Congo, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, Jamaica,Kosovo, Lebanon, Liberia, Libya, Macedonia, Mali, Montenegro, Mozambique, Nicaragua, North Korea,Palau, Russia, Rwanda, Senegal, Serbia, Sierra Leone, Slovenia, Somalia, South Sudan, Sudan, Syria, Tanzania, Uganda, Ukraine, United States, Venezuela, Yemen, Zimbabwe.

The RedotPay Card is accepted by over 44 million merchants worldwide. Source: RedotPay

Regarding asset security, RedotPay has partnered with a licensed Hong Kong Trust Company, backed by 50 million insurance from OneDegree, to protect clients’ assets. The company also employs high-security measures for storing private keys in hardware security modules (HSMs) with FIPS 140-2 Level 3 standards.

In September 2023, RedotPay concluded its seed round of fundraising, achieving a company valuation of $60 million and raising $3 million when the product was just introduced to the market.

RedotPay CEO expressed strong confidence in the growing utility of digital assets, stating:

“According to recent research, there are more than 580 million crypto holders. Right now, only a small portion of them actively utilize their crypto. By continuing to expand and enhance the features of our solution, we will be able to significantly increase the financial inclusion and utility of cryptocurrencies.”

The integration of RedotPay into the Mint Blockchain ecosystem is poised to revolutionize the way users interact with crypto in their daily lives. By leveraging RedotPay’s cutting-edge technology, Mint Blockchain aims to bridge the gap between Web3 innovations and real-world applications, making crypto payments more accessible, seamless, and user-friendly.

With the gradual rollout of support for RedotPay Cards across Mint’s ecosystem, users will be able to enjoy streamlined payment solutions for a variety of use cases, including purchasing NFTs, paying for services within decentralized applications (DApps), and participating in exclusive Mint events and campaigns. These enhanced payment capabilities will eliminate barriers to adoption, such as complex wallet operations and manual token conversions, enabling a more inclusive experience for both crypto-savvy users and newcomers.

Furthermore, the synergy between RedotPay and Mint will extend to the broader Superchain ecosystem, creating unified payment channels that benefit multiple Layer2 projects. This interoperability will allow RedotPay Card users to transact seamlessly within diverse ecosystems, further cementing Mint Blockchain’s position as a core driver of innovation in the NFT and Web3 space.

By empowering users to spend cryptocurrency as easily as fiat across millions of merchants worldwide, the partnership will not only accelerate crypto adoption but also enhance the overall utility and value of the Mint Blockchain ecosystem. This initiative represents a significant step forward in fulfilling Mint’s mission of bringing NFT & blockchain technology to the mainstream.

The rapid growth of global cryptocurrency adoption, particularly among younger demographics, combined with the innovative efforts of companies like RedotPay, signals a clear shift towards a digital-first financial ecosystem. With a commitment to user-centric features, security, and compliance, providers like RedotPay are paving the way for the future of financial transactions. Mint Blockchain’s collaboration with RedotPay will further drive crypto payment adoption and create more value for users.

Learn more about RedotPay, create your card, and lock in the crypto payment benefits with Mint today!

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