RedotPay Unveils Instant Crypto-to-Fiat Payment Service Targeting Mexico

• RedotPay launches the “Send Crypto, Receive MXN” service for instant crypto-to-MXN conversions.
• The initiative addresses high transaction fees and delayed remittance settlements in Mexico’s $64.7 billion market.

RedotPay, a payment solutions platform, introduced a new instant crypto-to-fiat feature called "Send Crypto, Receive MXN" for the Mexican market on October 11, 2025, according to Cryptopolitan, Finbold, and The Bit Times. The service enables users to convert digital assets into Mexican pesos almost instantly, offering reduced transaction fees below 1%. This marks a significant decrease compared to the industry average of 6.5%.

The feature leverages RedotPay's integration with the Circle Payments Network (CPN) to lower costs and improve efficiency. It is specifically designed to streamline cross-border payment solutions, responding to challenges faced by Mexico’s remittance market, which recorded $64.7 billion in received funds during 2024. RedotPay’s blockchain-based infrastructure aims to resolve the settlement delays of up to five business days typically seen with traditional payment services.

This development builds upon RedotPay's prior success in Brazil, where it introduced the "Send Crypto, Receive BRL" service. The Mexican launch is part of the company’s strategy to expand its footprint in Latin America, targeting individuals and businesses heavily reliant on remittance flows. Michael Gao, CEO of RedotPay, stated that the goal is to create a fast, stablecoin-based payment system that fosters global economic participation for freelancers, entrepreneurs, and families.

RedotPay’s wider expansion has been bolstered by substantial funding, including a recent $47 million strategic investment from Coinbase Ventures, Galaxy Ventures, and Vertex Ventures. The company plans to use these resources to scale its crypto payment solutions globally while continuing to address inefficiencies in conventional financial systems.

Through its latest offering, RedotPay positions itself as a key player in enhancing financial inclusivity and lowering costs within one of the largest remittance markets globally.