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What is Bitcoin Pizza Day?
What is Bitcoin Pizza Day? Bitcoin Pizza Day is an annual event celebrated in the cryptocurrency community to commemorate the first-ever real-world transaction using bitcoin (BTC). It takes place on May 22nd and marks the day when programmer Laszlo Hanyecz famously purchased two large pizzas for 10,000 BTC in 2010. The significance of Bitcoin Pizza… Continue reading
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The Crucial Role of AML Screening in RedotPay: Why You Can’t Afford to Ignore it
AML screening for onboarding procedures refers to the process of conducting Anti-Money Laundering (AML) checks and due diligence on individuals or entities during the customer onboarding process. The purpose of AML screening is to identify and assess the risk of potential money laundering or terrorist financing activities associated with new customers. During the AML screening… Continue reading
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Legal & Regulatory Update: Singapore MAS’s New Regulations on Payment Services
The Monetary Authority of Singapore (MAS) of Singapore has recently unveiled significant regulatory enhancements that broaden the scope of regulated payment services under the Payment Services Act 2019. This amendment, effective in stages from 4 April 2024, includes a redefined framework that significantly impacts Digital Payment Token (DPT) service providers. Let’s delve deeper into what… Continue reading
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Hong Kong Leading the Way in Cryptocurrency Payments
According to Statista, the annual growth rate for the revenue in the Cryptocurrencies market is expected to reach (CAGR 2024-2048) 8.58%, which will result in a projected total amount of US$254.6M by 2028. This substantial growth is driven by increasing mainstream acceptance and adoption of cryptocurrencies as a legitimate form of payment and investment. Hong… Continue reading
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Celebrate TOKEN2049 Dubai with RedotPay USDT Giveaway Campaign
RedotPay x TOKEN2049 DubaiAs the silver sponsor of TOKEN2049 Dubai this year, RedotPay is excited to announce a special USDT giveaway campaign for all our users. The event will take place from 18 to 19 April, and to celebrate our sponsorship, we are extending this giveaway to all RedotPay users from 16 to 21 April.… Continue reading
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Cointelegraph’s spotlight article: Crypto without borders: Simple digital payments at 44M merchants worldwide
As crypto ownership exceeds 580 million globally, RedotPay emerges with the aim of streamlining digital asset transactions by integrating blockchain technology into everyday financial activities. Global cryptocurrency ownership has soared beyond 580 million individuals, and the future of digital payments is poised for a transformative shift. With 80% of central banks worldwide delving into digital… Continue reading
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Public Statement on RedotPay Credit Card
In recent times, the consumer finance landscape has been enriched by innovative products that bridge the gap between traditional finance and the world of cryptocurrencies. RedotPay has been at the forefront of this evolution, and the introduction of the RedotPay credit card is a step towards modern financial inclusivity, by allowing users to spend their… Continue reading
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Get Your Hands on a Free Virtual Card before TOKEN 2049
RedotPay is proud to be exhibiting at TOKEN2049 Dubai, one of the biggest blockchain and crypto events of the year. The event will be held on 18-19 April 2024. As a silver sponsor of this event, we are excited to support the crypto community and provide a seamless crypto payment experience to all attendees. About… Continue reading
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KYC 101 – KYC at a glance
RedotPay is dedicated to upholding the highest compliance standards, recognizing the importance of Know Your Customer (KYC) in all financial-related businesses. KYC serves as a trust bridge between the business and its clients. To ensure the adoption of industry best practices and protect our business partners and customers from potential risks, RedotPay has implemented a… Continue reading
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Ethereum’s Upgrade: Changing the Future of Blockchain Technology
What is Ethereum Upgrade?Just like all systems, apps or software, Ethereum undergoes upgrades regularly in order to enhance its security, functionality and scalability. In 2020, Ethereum successfully transformed from version 1.0 to 2.0 with the launch of Beacon Chain Genesis. The recent launch of the Dencun Upgrade in March 2024 showcases the dedication of Ethereum… Continue reading