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Project Overview
RedotPay is a stablecoin-based payment technology company that integrates blockchain solutions with traditional banking and financial infrastructure to provide financial inclusion for the unbanked. RedotPay enables users to send and receive funds globally through secure and reliable stablecoin payment channels.
Related news
RedotPay Postpones US IPO Plans, Regulatory Approval and Legal Issues Pending
According to Bloomberg, stablecoin payment company RedotPay has postponed its plans to list in the US. Sources familiar with the matter revealed that the company previously planned to complete its IPO as early as this year, but the listing timeline may now be delayed until next year or even later. RedotPay needs to obtain regulatory approval from the countries where it operates before proceeding with the IPO, and the company also faces related legal issues that remain to be addressed.
Binance denies plans to withdraw Singapore lawsuit against RedotPay
According to Cointelegraph, Binance and RedotPay disagree on the status of the Singapore case concerning a $473 million legal dispute. RedotPay stated it expects Binance to terminate the case; Binance claims its relevant claims remain valid, and another case between the two parties in Hong Kong is still ongoing.
Binance-Affiliated Entity Sues RedotPay, Claiming $472.8 Million
According to Bloomberg, Binance-affiliated entities Nest Trading, DistributedTechnologies, and Chaintecs Consulting Singapore have sued relevant persons in charge of RedotPay in Hong Kong, alleging breach of agreement for diverting more than 470,000 users from Binance Card to RedotPay, and seeking $472.8 million in damages.
Hong Kong Crypto Payment Company Adds Support for Sui and Native USDC
Odaily News: Hong Kong-based crypto payment company RedotPay announced the addition of support for SUI and USDC-Sui within its application. Users can now spend and transfer funds in over 100 countries globally using its card and payment services. This integration, built on the Sui network developed by Mysten Labs, enables support for native USDC, marking an expansion from cross-chain assets to native assets.RedotPay stated that it currently has over 7 million users, with an annualized payment volume exceeding $10 billion. (TechinAsia)