Stablecoin payment platform RedotPay has launched a new payment gateway that allows businesses to accept stablecoin payments and receive local currencies instantly. The company unveiled RedotPay Connect at Money20/20 Europe, marking its first product designed specifically for merchants.
As per the firm’s post, with a single integration, merchants will be able to accept payments from crypto wallets and settle transactions in currencies such as USD, EUR, and GBP. RedotPay said the platform could reduce payment processing costs by up to 70% compared with traditional card and banking systems. The company also said the service gives merchants access to a growing pool of cryptocurrency users across global markets.
Addressing merchant payment challenges
High transaction costs, technical complexity, and price volatility have long limited the use of digital assets in everyday commerce. RedotPay said its new Connect platform addresses those challenges by allowing merchants to accept stablecoin payments while receiving settlement in local currencies.
The service also supports payments from major crypto wallets, including MetaMask and Coinbase Wallet. As a result, businesses can accept digital asset payments without holding or managing cryptocurrencies directly.
Explaining the rationale behind the product, Jonathan Chan, Head of Partnerships and Co-Founder at RedotPay, said, “For too long, merchants have been trapped between high fees and the volatility of the crypto world. We didn’t just build a gateway; we built a bridge.”
Expanding into AI-driven commerce
Alongside the launch of Connect, RedotPay outlined plans to expand into AI-driven payments. The company said it is developing tools that would allow AI agents to complete transactions using stablecoins without traditional payment cards.
As part of that effort, RedotPay plans to release its RedotPay Skill later this month. The tool aims to connect AI agents with the company’s payment network, allowing automated software to initiate and complete transactions. The initiative reflects growing interest across the technology sector in combining artificial intelligence with digital payment systems.
Discussing that vision, Jonathan Chan, Head of Partnerships and Co-Founder at RedotPay, said, “As AI capabilities continue to advance, we see a future where digital assets and autonomous agents power commerce at scale, enabling seamless, intelligent transactions across borders.”
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