In a move that could only be described as a collision between a tech wizard and a money magician, RedotPay has teamed up with the illustrious Circle to bring you shiny new crypto-to-fiat transfers in Brazil. Yes, Brazil! Because nothing says “progress” like turning your digital coins into local currency faster than you can say “samba.”
Their merry collaboration allows over 4 million users (that’s about the population of a medium-sized country or a really large village) to send crypto straight into Brazilian bank accounts. And, in a stroke of genius, it gets automatically converted into Brazilian Real. Because why not make your money travel like a tourist in Rio, with less hassle and more mojitos?
The “Send Crypto, Receive BRL” feature is now live in Brazil with a limited-time offer of zero fees. Yes, free! Free as in “your bank knows less about your spending than your dog knows about quantum physics.” This treasure was shared with crypto.news, so we know it’s legit—probably.
By leveraging Circle’s robust infrastructure, RedotPay aims to cut costs and save precious time—because waiting for international money transfers is what your Grandma does on slow Sundays. The goal? Make international transfers faster, cheaper, and less likely to turn your wallet into a leaky bucket.
Fast prefunded accounts and payments — no more waiting for your money to hop continents like it’s on a world tour
Cross-border payments: the kind that take days, cost a kidney (metaphorically speaking), and exchange your hard-earned money for the privilege of delayed gratification and surprise fees. But fear not! RedotPay’s integration with Circle’s payments network vaporizes those problems—well, at least in theory.
CEO Michael Gao, a man who clearly enjoys making things faster and cheaper, said the partnership aims to solve two pressing issues for folks in emerging markets: speed and cost. Because who wants to spend a week and a small fortune waiting for their money to arrive in another country? Certainly not you, dear reader.
Circle’s Vice President, Sunil Sharma, chimed in with the usual noble mission talk about “modernizing global payments infrastructure” and supporting “underserved populations”—which is just tech-speak for “making billionaires richer and the rest of us slightly less poor.”
This latest move is part of RedotPay’s recent $40 million Series A funding splurge and signals plans to expand into other regions that need this tech more than a caffeinated squirrel needs a nut. The service is now available via the RedotPay app on iOS and Android, because convenience is king and cows are for milking.
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2025-06-02 17:00