TechPression

Category: Cryptocurrency

  • South Korea’s Central Bank rules out bitcoin as reserve asset amid volatility concerns

    South Korea’s Central Bank rules out bitcoin as reserve asset amid volatility concerns

    Bank of Korea (BOK), a key financial institution overseeing South Korea’s $410 billion foreign reserves, has officially ruled out bitcoin as part of its strategic holdings.

    The decision comes amid growing global discussions on cryptocurrency adoption, particularly following the United States’ recent move to establish a Strategic Bitcoin Reserve.

    Read also: South Korea bans DeepSeek downloads over alleged data sharing with ByteDance

    The reason behind the South Korean decision

    The central bank clarified its stance in response to a March 16 enquiry from Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee. The bank cited bitcoin’s extreme price fluctuations as a significant deterrent, stating, “If the virtual asset market becomes unstable, there is a concern that transaction costs will increase rapidly in the process of converting bitcoin into cash.”

    Bitcoin, which currently trades at about $83,450—down 23 percent from its all-time high of $109,000 in January—has experienced notable price swings in recent months, fluctuating between $98,000 and $76,000 in a single 30-day period, according to CoinGecko data.

    Concern about IMF criteria and BOK’s reserve strategy

    The Bank of Korea further stressed that bitcoin does not align with the International Monetary Fund’s (IMF) standards for foreign reserves. “The IMF requires reserve assets to be liquid, marketable, and investment-grade,” the bank stated. “Bitcoin does not meet these requirements.”

    While South Korea has one of the world’s most active cryptocurrency markets, the central bank remains cautious about integrating digital assets into its monetary framework.

    Despite calls from lawmakers and crypto influencers for the nation to embrace bitcoin, BOK officials maintain that foreign reserves should comprise assets with minimal risk exposure.

    Read also: How to keep your Pi safe: Wallet tips and scam prevention

    Global trends and future implications

    Last week, a seminar hosted by South Korea’s Democratic Party explored the potential inclusion of Bitcoin in the country’s reserves.

    Meanwhile, Japan’s Prime Minister Shigeru Ishiba has also expressed concern, citing a lack of clarity on how other countries, including the U.S., plan to manage their bitcoin holdings.

    Although El Salvador has officially incorporated bitcoin into its financial strategy, South Korea’s central bank insists on a more conservative approach. “It is appropriate for foreign exchange to be held in proportion to the currencies of countries with which we trade,” said Professor Yang Jun-Seok of the Catholic University of Korea.

  • Solana marks 5th anniversary, reaching over 400 billion transactions since launch

    Solana marks 5th anniversary, reaching over 400 billion transactions since launch

    On March 16, 2025, Solana, the high-performance blockchain platform, celebrated its fifth anniversary since the creation of Block 0.

    Since its launch in March 2020, the prominent blockchain platform has emerged as a key player in the blockchain ecosystem, renowned for its high-speed transactions and low fees.

    Read also: Solana’s SIMD-0228 inflation proposal collapses as smaller validators rebel

    A journey of growth and innovation

    In a post on its official X handle, Solana highlighted its achievements: “Happy 5th birthday, Solana fam! 408+ billion transactions. 1,300+ validators. $987+ billion volume.” The platform also announced a special celebration at America’s biggest crypto conference in New York City this May. “This year, we celebrate in style — with America’s biggest crypto conference coming to NYC in May”

    Co-founder Raj Gokal reflected on Solana’s early days, recalling the global lockdown in 2020. “If we could launch then, you can launch now,” he said, encouraging innovators to pursue their visions. Anatoly Yakovenko, another co-founder, added, “Everything is going according to plan,” emphasising the crypto company’s impressive growth.

    Today, Solana boasts over $8.5 billion in total value locked (TVL) in DeFi protocols, securing its position as the second-largest blockchain after Ethereum.

    Notably, Solana’s fee efficiency and revenue generation outpace Ethereum by two to three times. The native token, SOL, has also seen noteworthy growth, currently valued at $65.5 billion, with its market cap peaking at $127.5 billion earlier this year.

    Read also: Bitcoin drops below $91,000 amid market turmoil and legislative setbacks

    Overcoming challenges and building the future

    Despite its successes, Solana has faced challenges, including network outages and market volatility. However, the team has consistently worked to improve stability and scalability. “Every challenge has been an opportunity to learn and grow,” Yakovenko noted.

    As Solana enters its sixth year, the focus remains on expanding its ecosystem and enhancing user experience. With over 2,500 projects, including Serum, Raydium, and Magic Eden, Solana continues to drive innovation in DeFi, NFTs, and Web3.

    “The best is yet to come,” Gokal remarked, underscoring Solana’s commitment to shaping the future of decentralised solutions. As the blockchain industry evolves, Solana remains at the forefront, celebrating its past achievements while paving the way for a brighter future.

  • Ghana’s President Mahama champions Solana as key catalyst for crypto adoption in Africa

    Ghana’s President Mahama champions Solana as key catalyst for crypto adoption in Africa

    President John Mahama of Ghana on Saturday identified Solana, a high-performance blockchain network, as a potential game-changer for fintech growth and cryptocurrency adoption across Africa.

    In a post on his official X handle, Mahama emphasised the importance of financial inclusion and how Solana’s low transaction costs could revolutionise the continent’s digital economy.

    Read also: President Touadéra unveils $CAR coin to boost Central African Republic’s global presence

    Solana’s role in Africa’s financial inclusion

    President Mahama stated, “Financial inclusion isn’t just a need for Ghana—it’s essential for all of Africa. With its low transaction costs, Solana could be the key to driving fintech growth and enabling cryptocurrency payments and investments across the continent.”

    He pointed out that traditional banking systems have failed to reach millions of Africans, making decentralised finance (DeFi) a viable alternative. Solana’s blockchain, known for its speed and scalability, processes thousands of transactions per second at a fraction of the cost of traditional systems, making it an attractive option for African entrepreneurs and small businesses.

    Mahama further noted how blockchain technology could help Africa bypass traditional development hurdles. “The Fourth Industrial Revolution presents a golden opportunity for Africa to leapfrog traditional development models.

    Digital transformation can drive financial inclusion, improve public service delivery, and create new opportunities for all our people,” he said. He called for investments in internet expansion, digital infrastructure, and fintech to bridge the digital divide and make Africa more competitive globally.

    More on regulation and the future of cryptocurrency in Africa

    The 9th president’s remarks come as Ghana’s central bank, the Bank of Ghana (BoG), works to regulate the country’s cryptocurrency market. In August 2024, the BoG issued draft regulations to formalise oversight for digital assets, including registration requirements for Virtual Asset Service Providers (VASPs) and anti-money laundering measures.

    Additionally, the BoG is pursuing its own central bank digital currency, the eCedi, as part of the country’s push for digital finance innovation.

    While acknowledging cryptocurrencies’ potential, Mahama cautioned against their volatility, urging investors to be mindful of sharp price fluctuations. He also called for progressive regulations that balance innovation with consumer protection.

    Read also: TRUMP coin declines by 38% as Melania’s new coin hits $6bn on inauguration eve

    A vision for Africa’s digital revolution

    The head of government endorsement of Solana aligns with his broader vision for Africa’s digital transformation. By leveraging blockchain technology, he believes the continent can redefine financial access and create a more inclusive digital economy.

    As the continent continues to embrace cryptocurrencies, his call for collaboration and policy reform could pave the way for a brighter financial future.

  • Binance launches advanced trading tools in Kazakhstan, empowering crypto traders

    Binance launches advanced trading tools in Kazakhstan, empowering crypto traders

    Binance on Thursday, March 13, officially rolled out a suite of advanced derivative trading products for its users in Kazakhstan, marking a notable upgrade for the country’s crypto trading community.

    The new features, designed to enhance trading efficiency, risk management, and profitability for novice and experienced traders, include Binance Options, Futures Copy Trading, Easy Futures, and BFUSD (Reward-Bearing Margin Asset).

    Read also: UAE’s MGX bets big on Binance with $2 billion investment

    A game-changer for Kazakhstan’s crypto market

    The introduction of these products aligns with the country’s global markets, which already benefit from such advanced trading options.

    “This is a major step forward for Kazakhstan’s crypto ecosystem,” said a Binance spokesperson. “By providing these tools, we’re empowering traders to optimise their strategies and manage risks more effectively.”

    This expansion underscores the world’s leading cryptocurrency exchange’s commitment to the region. Last year, the company acquired a full Digital Asset Trading Facility (DATF) licence from the Astana Financial Services Authority (AFSA), which allows it to operate legally as a trading platform, custodian, and broker-dealer for crypto assets.

    “Kazakhstan is a key market for us, and we’re excited to bring these innovative tools to local traders,” the spokesperson added. The move is expected to attract more users to the platform, further solidifying their position as a leader in the global crypto space.

    The launch is seen as a milestone for Kazakhstan’s crypto community, offering traders access to cutting-edge tools that were previously unavailable. As one local trader put it, “This is a game-changer. We now have the same opportunities as traders in other parts of the world.”

    Read also: Binance community vote for Pi Coin listing ends at 86% approval

    What the new features will offer

    With these new features, Binance is enhancing the trading experience and promoting a more dynamic and competitive crypto market in Kazakhstan.

    However, Binance Options, for instance, allows traders to buy or sell assets at predetermined prices, offering built-in downside protection to limit losses.

    Futures Copy Trading, on the other hand, enables users to replicate seasoned traders’ strategies, while Easy Futures simplifies the trading process with a one-click placement mode. BFUSD, a unique reward-bearing asset, not only serves as collateral for future trades but also incentivises holders with USDT rewards.

    The introduction of these advanced trading tools is a testament to the crypto firm’s dedication to innovation and its efforts to support the growth of the crypto ecosystem in the region.

  • Bitcoin rebounds as investors capitalise on dip amid economic concerns

    Bitcoin rebounds as investors capitalise on dip amid economic concerns

    Bitcoin, which recently experienced a downturn, surged on Friday alongside most altcoins as investors seized the opportunity to buy the dip.

    The rebound followed a report revealing a notable slump in U.S. consumer confidence, which hit its lowest level in two years.

    Concerns over the American president’s proposed tariffs and their potential impact on inflation and ongoing job cuts at Elon Musk’s Department of Government Efficiency have raised fears about the economy’s stability.

    Read also: Pi network’s 188 million token unlock sparks excitement and uncertainty: Will the market hold?

    Altcoins alongside bitcoin gain momentum

    Altcoins followed Bitcoin’s lead, with Ripple (XRP) climbing four percent and Chainlink (LINK), Bonk (BONK), and JasmyCoin (JASMY) posting gains exceeding five percent. Analysts suggest that economic uncertainty often drives investors toward riskier assets, particularly when signs of Federal Reserve intervention emerge.

    Historically, the reserve has responded to economic downturns with interest rate cuts and quantitative easing, fuelling demand for digital assets.

    “With consumer confidence plunging and recession fears rising, investors are looking for opportunities in alternative markets,” noted a strategist from Janney Montgomery Scott. “Cryptocurrencies tend to benefit in such conditions, especially when speculation on monetary policy shifts increases.”

    Furthermore, on Friday, U.S. stocks rallied significantly, with the Dow Jones rising by 625 points, the S&P 500 gaining 102 points, and the Nasdaq 100 climbing 400 points.

    Small-cap stocks, tracked by the Russell 2000, also jumped over three percent. Notably, gold exceeded a record high of $3,000, reflecting investor caution amid economic uncertainty.

    Read also: Russia adopts cryptocurrency to evade oil trade sanctions

    Fear over dead cat bounce

    Despite the rally, Janney warns that the recovery could be a “dead cat bounce”—a temporary rebound during a broader downtrend.

    “Nearly everyone is looking for a bottom and to ‘buy the dip’ at some point, but the current condition of the markets has not implied any real improvement on a technical basis,” noted an analyst from Janney Montgomery Scott.

    While the rebound offers hope, the possibility of a prolonged downturn remains, reminding investors to tread carefully in these volatile markets.

  • Gemini sets Guinness World Record with 1,000-drone forming Bitcoin logo

    Gemini sets Guinness World Record with 1,000-drone forming Bitcoin logo

    Cryptocurrency exchange Gemini, a U.S.-based leading digital asset platform, has made history by organising an impressive aerial display featuring 1,000 drones to form the Bitcoin (BTC) logo.

    The event, held on Thursday in Austin, Texas, earned Gemini a Guinness World Record for the largest-ever currency symbol created using drones.

    Read also: New memory feature lets Google’s Gemini AI Chatbot recall past conversations, queries

    Guinness World Records acknowledged the feat

    As part of its celebration of the U.S. Strategic Bitcoin Reserve initiative, Gemini’s drone show included visuals of a rocket launch and a moon landing, leading up to the iconic Bitcoin “₿” symbol. The display was accompanied by the bold message: “Go where dollars won’t.”

    Gemini, through their official X handle, described the event as a tribute to Bitcoin’s growing influence in the financial world.

    “In celebration of the U.S. Strategic Bitcoin Reserve, we’re hosting a Guinness World Record-breaking drone show,” the company stated. “The show explores the future of money and features the Bitcoin ‘₿’ as the largest currency symbol in the sky.”

    Guinness World Records officially acknowledged the feat, awarding Gemini a certificate for “The largest aerial display of a currency symbol formed by multirotor drones.”

    SEC ends investigation into Gemini

    In addition, Gemini co-founder Cameron Winklevoss announced that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into the exchange without filing any charges.

    “This marks another milestone in the end of the war on crypto,” Winklevoss said, referencing the SEC’s recent decisions to drop cases against Coinbase, Robinhood, Uniswap, and OpenSea.

    He emphasised that while these dismissals represent progress, they do not erase the industry’s challenges. “The damage inflicted on the broader U.S. crypto ecosystem cannot be undone overnight,” he added.

    Read also: Trump vows to make U.S. global cryptocurrency leader at first-ever White House Crypto Summit

    Bitcoin adoption on the rise

    Meanwhile, companies’ interest in Bitcoin continues to grow. Japanese firm Metaplanet added 162 BTC to its holdings, bringing its total to 3,050 BTC.

    Also, Video-sharing platform Rumble acquired 188 BTC, reinforcing its belief in Bitcoin as a strategic asset.

    But, Hive Blockchain reduced its Bitcoin reserves, selling a portion to invest in hydro-powered mining infrastructure in Paraguay. Despite this, the adoption trend of the peer-to-peer electronic cash system remains strong.

    However, the event in Austin underscores Bitcoin’s growing mainstream acceptance and the crypto industry’s resilience.

  • Solana’s SIMD-0228 inflation proposal collapses as smaller validators rebel

    Solana’s SIMD-0228 inflation proposal collapses as smaller validators rebel

    On Thursday, a proposal to reform Solana, a high-performance blockchain network, hit a snag after SIMD-0228 failed to secure the supermajority votes needed for implementation.

    The proposal, which aimed to replace Solana’s static 4.7 percent inflation rate with a dynamic system, faced strong opposition from smaller validators, preventing what could have been a drastic reduction in staking rewards.

    Read also: The Rise and Fall of Solana’s Valuation After $DAVIDO’s Entry

    High-stakes battle over inflation

    The failed proposal raised intense debate within the Solana ecosystem. Stakeholders, including major investors and influential validators, argued that reducing staking rewards would stabilise SOL’s price by limiting token supply.

    “Fewer emissions mean less selling pressure,” said Max Resnick, an economic researcher at Anza Labs and a co-author of the proposal.

    However, opposition from smaller validators proved decisive. Many feared that a drastic reduction in staking rewards would undermine their revenue, potentially forcing them out of operation.

    “This was rushed and didn’t fully consider the impact on smaller operators,” said SolBlaze, a validator operator who opposed SIMD-0228.

    Moreover, the vote saw one of the highest turnouts in Solana’s history, with over 66 percent of validators participating and collectively wielding 75 percent of the network’s voting power. According to blockchain analytics, 60 percent of validators with less than 500,000 SOL opposed the proposal, while 60 percent of larger validators voted in favor.

    This divide raised concerns over decentralisation, as many warned that cutting staking rewards could consolidate power among wealthier validators.

    “Many feared this would drive out smaller participants, making Solana more centralized,” said Jonny, the operator of Solana Compass.

    However, despite this setback, advocates for economic reform are not backing down. “We are going to chat with the ‘no’ voters and find a compromise,” Resnick said, hinting at future proposals with broader community input.

    For now, Solana’s high staking rewards continue to shape the network’s economic system amid ongoing debates over sustainability and decentralisation.

    Read also: Could a Trump mention ignite Pi Coin? Experts predict a potential 200% price surge

    About Solana

    Solana is a high-speed, low-cost blockchain known for its Proof of History mechanism, scalability, and smart contract functionality.

    The blockchain platform was founded in 2018; It powers decentralised finance (DeFi), NFTs, and decentralised applications.

  • Pi network’s 188 million token unlock sparks excitement and uncertainty: Will the market hold?

    Pi network’s 188 million token unlock sparks excitement and uncertainty: Will the market hold?

    Today marks a pivotal moment for Pi Network as it celebrates its sixth anniversary and unlocks 188 million PI tokens, distributing them to over 1.1 million users. This massive release, one of the largest in the project’s history, has the crypto community buzzing with excitement—and apprehension.

    With Pi Coin trading at $48 after a 26 percent surge over the past week, according to CoinGape, could this unlock propel it further, or will it flood the market and trigger a sell-off is the question on minds.of miners and crypto speculators.

    As Pi journeys from a mobile mining app to a top-tier altcoin accelerates, all eyes are on what’s next.

    Read also: Pi Coin reaches $2.99 one week after launch

    A milestone for Pi network

    The March unlock, detailed by BeInCrypto and Coinpedia, expands access to 188 million tokens from a current circulating supply of 7 billion (out of a 100 billion total cap). Yet, per ExplorePi data, 63 percent of holders lock their PI for three years and 14 percent for one year, so immediate selling pressure may be muted despite the scale of this release.

    Pi’s market performance has been striking. Since its mainnet launch on February 20, 2025, PI surged nearly 100 percent to a peak of $2.99 before stabilising. Today, it ranks 11th by market cap at $13.52 billion, overtaking Chainlink and Hedera, per Coinpedia. Posts on X from @CryptoExptAvni and @PiNetwork24X7 highlight the unlock as a “breaking” event, with some predicting volatility as 65 percent of the tokens go to miners, 10 percent to ecosystem growth, five percent to liquidity pools, and 20 percent to the Pi Core Team.

    Binance delays and community clout

    The unlock coincides with mounting tension between Pi’s vocal community and Binance. A community vote on Binance showed 86 percent support for listing PI, yet delays have sparked backlash, including review-bombing of Binance’s app, as noted by Techpression. 

    Binance cites liquidity and volume concerns, but Pi’s 4 million X followers—nearing Dogecoin’s count—and 91 percent bullish sentiment on Coindesk suggest a demand that’s hard to ignore. Some speculate that a surprise listing announcement today, Pi Day, could amplify the unlock’s impact, potentially pushing PI past its $2.01 resistance toward $10, as hinted by CoinGape.

    Read also: Binance community vote for Pi Coin listing ends at 86% approval

    Pi price impact: Boom or bust?

    Analysts are split. Cryptomarketinsights warns of a $480 million unlock value, risking an eight percent dip (seen recently at $1.77), while Bitcoinik reports a 20 percent pump to $1.65 despite the news. The lockup trends—7.25 million accounts holding long-term—could cushion a sell-off, but CoinChapter notes stabilised trading at $1.80-$2.00 suggests resilience. If demand holds, as @mentigent on X posits, PI could climb to $3.93 by month’s end. A Binance listing or ecosystem updates could tip the scales further.

    What’s next for Pi?

    As Pi Network unlocks 188 million tokens today, its community-driven momentum meets a critical test. With adoption growing—113.2 million downloads, and real-world use cases emerging (e.g., PiFest 2024’s 27,000 sellers), this could be a springboard to mainstream relevance. Yet, the shadow of past volatility—a 62 percent crash in February, per Economic Times—looms. Will Pi’s pioneers hold firm, or cash out? For now, March 14, 2025, is more than a birthday—it’s a proving ground for Pi’s crypto ambitions.

  • Gold surpasses $3,000 as U.S. trade tensions, global instability fuel surge

    Gold surpasses $3,000 as U.S. trade tensions, global instability fuel surge

    Gold, an age-old store of value, soared past $3,000 per ounce for the first time on Friday, fuelled by investor concerns over escalating trade tensions and global economic uncertainty.

    The precious metal reached an all-time high of $3,005 before settling slightly lower at $2,994 as of 9:04 a.m. ET. The surge was attributed to various factors, including the latest tariff war between the United States and its trading partners, geopolitical instability, and central bank demand.

    Read also: Could a Trump mention ignite Pi Coin? Experts predict a potential 200% price surge

    Trade war fears drive demand

    Investors have flocked to gold as a safe-haven asset amid concerns over U.S. President Donald Trump‘s aggressive trade policies. The administration recently imposed a 25 percent tariff on all imported steel and aluminum, prompting swift retaliatory measures from Canada and the European Union.

    Trump further escalated tensions by threatening a 200 percent tariff on European alcoholic beverages unless the EU reversed its 50 percent tariff on U.S. spirits.

    “Gold remains the panic asset of choice,” said Jason Hollands, managing director at Evelyn Partners. “The uncertainty surrounding global trade is forcing investors to seek stability in tangible assets.”

    This has led to speculation about a potential economic slowdown, which is adding to the rush toward gold.

    Beyond trade disputes, geopolitical concerns have also contributed to gold’s surge. Russia’s rejection of a U.S.-proposed ceasefire in Ukraine has heightened tensions, further reinforcing gold’s status as a protective investment.

    “Russia’s refusal to agree to a truce underscores the deepening instability in global affairs,” said Viktoria Kuszak, a research analyst at Sucden Financial. “Investors are responding by seeking out reliable stores of value.”

    Read also: Stablecoin-powered Nilos expands into West Africa, offers faster and secure crypto payments

    Central banks and market trends

    Another key factor in gold’s rally is the sustained demand from central banks. Countries like China have been increasing their gold reserves, aiming to diversify from the U.S. dollar.

    “Gold is being used as a hedge against currency volatility,” said Trevor Greetham of Royal London Asset Management. “Central banks are playing a major role in this prolonged price increase.”

    With ongoing market instability and global tensions, experts believe gold’s momentum may persist in the months ahead.

    Will Africa benefit from the gold price surge?

    Africa, a major gold producer, may benefit from higher prices through increased export revenues and mining investments. However, rising gold prices could also signal global economic instability, potentially reducing foreign aid and investment.

    For local economies, the surge may stimulate job creation but could exacerbate inflation, impacting consumers and small businesses.

  • RedotPay raises $40 million to expand crypto payment ecosystem

    RedotPay raises $40 million to expand crypto payment ecosystem

    On Friday, RedotPay, a Hong Kong-based crypto payment company, announced that it has secured $40 million in a Series A funding round led by global investment organisation Lightspeed, with participation from HSG, Galaxy Ventures, and other investors.

    The funding aims to enhance the Hong Kong-based firm platform, improve regulatory compliance, and expand its global footprint.

    Read also: Moroccan government warns citizens as fraudsters impersonate Prime Minister to promote fake crypto

    Growing demand for crypto payments

    RedotPay, which was founded in April 2023, has rapidly positioned itself as a bridge between traditional finance and cryptocurrency, boasting over 3 million registered users.

    The platform enables seamless transactions using both digital assets and fiat currencies, offering virtual and physical Visa cards compatible with major payment networks.

    “Our vision is to create a truly borderless financial ecosystem that empowers users worldwide,” said Michael Gao, co-founder and CEO of RedotPay. “This funding allows us to scale our technology and ensure a smoother, more secure experience for our users.”

    The crypto firm has aggressively expanded its blockchain integrations, recently incorporating Solana and Ethereum’s layer-2 solution Arbitrum to enhance transaction efficiency. The company’s Visa-enabled crypto cards also support ATM cash withdrawals and digital payment services like Apple Pay and Google Pay.

    Despite its growth, RedotPay faces regulatory hurdles, particularly cross-border service restrictions. Some users outside of Hong Kong have reported difficulties accessing the platform, noting the challenges of navigating global crypto regulations.

    Even with the challenges, investors are increasingly backing companies integrating cryptocurrency into everyday payments. Pinn Lawjindakul, Partner at Lightspeed, expressed confidence in RedotPay’s vision: “RedotPay is reshaping how people interact with digital assets. We believe their seamless crypto-fiat solutions will drive greater financial inclusion.”

    Galaxy Ventures General Partner Will Nuelle echoed this sentiment: “Crypto payments are evolving beyond niche adoption. RedotPay’s approach is a game-changer in financial accessibility.”

    Read also: UK’s Revolut to launch in South Africa, targeting tech-savvy youths

    Rising crypto adoption in Asia

    Asia is witnessing an increase n crypto payment solutions. Singapore-based Crypto.com recently partnered with Triple-A for direct crypto transactions, while Japan explores stablecoin integration to unlock household savings.

    Meanwhile, Hong Kong-based competitors like Infini face challenges, including security breaches, underscoring the complexities of the market.

    With its latest funding, RedotPay aims to navigate these challenges, refine its services, and drive mass adoption of crypto payments worldwide.