RedotPay, a platform for stablecoin payments, has introduced a new payment gateway called RedotPay Connect. This allows businesses to accept payments in stablecoins and immediately receive the equivalent amount in their local currency. The launch, which took place at Money20/20 Europe, represents RedotPay’s first product tailored specifically for businesses.
According to a recent announcement, RedotPay now allows businesses to accept cryptocurrency payments and receive funds in major currencies like US dollars, Euros, and British pounds through a single integration. The company claims this platform can lower payment processing fees by as much as 70% compared to standard credit card and bank transfers, and it also provides access to the increasing number of crypto users worldwide.
Addressing merchant payment challenges
It’s been difficult for people to use digital currencies for everyday purchases because of high fees, complicated technology, and unpredictable prices. RedotPay’s new Connect platform aims to solve these problems by letting businesses accept payments in stablecoins but still receive money in their local currency.
This service lets customers pay with popular crypto wallets like MetaMask and Coinbase Wallet. This means businesses can accept crypto payments without needing to directly handle or store any cryptocurrencies themselves.
Jonathan Chan, Co-Founder of RedotPay, explained that their product aims to solve a common problem for businesses: high transaction fees and the unpredictable nature of cryptocurrency. He described RedotPay not just as a payment processor, but as a solution that connects merchants to the crypto world more smoothly.
Expanding into AI-driven commerce
With the release of Connect, RedotPay announced it’s working on new AI-powered payment options. They’re building tools that will let AI assistants handle purchases using stablecoins, eliminating the need for standard credit or debit cards.
RedotPay is launching a new tool this month called RedotPay Skill. It will link AI programs to RedotPay’s payment system, enabling them to automatically make and finish payments. This move highlights the increasing trend of combining AI and digital payments in the tech industry.
Jonathan Chan, co-founder of RedotPay, explained their vision for the future: as artificial intelligence gets better, they anticipate a world where digital assets and AI-powered programs will drive a huge increase in international commerce, making transactions smoother and more intelligent.
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2026-06-02 16:36