Coinbase-backed Redotpay launches ‘Send Crypto, Receive MXN’ program in Mexico
The post Coinbase-backed Redotpay launches ‘Send Crypto, Receive MXN’ program in Mexico appeared on BitcoinEthereumNews.com.
Payment solutions platform RedotPay has announced the expansion of its integration with the Circle Payments Network (CPN). According to the platform, it is set to introduce a new cross-border feature that will target the Mexican market. The new service, “Send Crypto, Received MXN,” aims to facilitate near-instant, low-cost payments to Mexico, one of the largest global remittance markets, according to a press release shared by the company. The new feature allows users to convert digital assets into Mexican pesos almost instantly, offering users a new and cheaper alternative to traditional money transfer methods. RedotPay unveils new feature for its users in Mexico In the statement, Michael Gao, CEO of RedotPay, mentioned that the real value of digital assets is in being able to spend, send, and receive crypto as easily as local currency. “We are building a stablecoin-based payment infrastructure that is not only fast and efficient but also provides a seamless pathway for millions of families and businesses globally to participate in the global economy. This launch in Mexico demonstrates our vision to accelerate global financial inclusion,” he said. The company noted that the system is expected to reduce transaction fees to around 1% compared to the average of 6.5% in the industry. The new feature and service are also coming at a time when Mexico is trying to establish itself as a critical hub in the global payment market. According to the latest data, the country registered a new record of over $64.7 billion in funds received across 2024. While these payouts are important for millions of families, traditional services often come with high fees. Aside from the high fees, there are also lengthy settlement times, with each transaction taking up to three to five business days. RedotPay’s new feature plans to address that issue through CPN integration,…
Filed under: News - @ October 11, 2025 2:21 pm