RedotPay Tackles Mexico's $64.7 Billion Market with 1% Crypto-to-Peso Fees

- RedotPay introduces low-cost digital asset-to-fiat conversion for Mexican users. - Service leverages blockchain to cut fees, improve speed, and boost financial inclusion. On October 11, 2025, RedotPay unveiled an instant crypto-to-peso conversion service for the Mexican market. Branded "Send Crypto, Receive MXN," the service simplifies cross-border remittance, allowing users to convert digital assets into Mexican pesos almost instantly while reducing transaction fees to under 1%. CoinDesk reported on October 11 that this rollout is part of RedotPay’s broader integration with the Circle Payments Network (CPN). The CPN uses blockchain technology to address inefficiencies in the traditional remittance sector, such as high fees and slow processing times. As a result, RedotPay's under-1% fee is a significant improvement compared to the industry average of 6.5%. Mexico is central to RedotPay’s strategy because it is a global payments hub that received a record $64.7 billion in remittances in 2024 alone. This figure highlights the critical need for affordable and fast cross-border payment solutions. In a statement on the launch, RedotPay CEO Michael Gao said on October 11, "This demonstrates our vision to accelerate global financial inclusion through innovative stablecoin-based infrastructure." This rollout follows the company’s earlier success in Brazil with its "Send Crypto, Receive BRL" service, demonstrating RedotPay’s ongoing commitment to emerging markets. The platform streamlines international money transfers to optimize remittance flows, driving financial inclusion and economic empowerment for millions of families and businesses worldwide.