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Hong Kong crypto payment firm RedotPay wraps $40M Series A funding round

Coin Telegraph LogoCoin Telegraph23h ago

Hong Kong crypto payment firm RedotPay wraps $40M Series A funding round - Coin Telegraph

Quick Summary:

Related: Infini loses $50M in exploit; developer deception suspectedUnlike volatile cryptocurrencies like Bitcoin (BTC) or Ether (ETH), stablecoins can offer a more consistent option to hold for those who want to use them for payments, as the assets are designed to maintain a value pegged to their fiat counterparts. Japan, the second-largest Asian economy by gross domestic product, is making significant strides in stablecoin adoption.

In November 2024, Singapore-based digital asset trading platform Crypto.com partnered with Triple-A to enable direct crypto payments, eliminating the need to convert crypto into fiat.

Visitors outside Hong Kong Source: RedotPayCrypto payments options rising in Asia, with stablecoins at the forefrontDirect cryptocurrency payment solutions are gaining traction across Asia.

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Article Details

Author / Journalist: Cointelegraph by Yohan Yun

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 09:09:22 (23 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26989104

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 1271 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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  • URL: https://beamstart.com/news/hong-kong-crypto-payment-firm-17419526376302

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