Reap launches a virtual asset ledger for direct spending, supporting card payments from BTC balances
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Reap launched a virtual asset ledger supporting the use of BTC balance for direct spending through Visa the card.
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Reap launches a Virtual Asset Ledger for direct virtual asset spending, supporting the use of BTC balances for direct card spending
PANews September 23 news, according to official information, Reap, a payment company under Kraken parent company Payward, has launched a Virtual Asset Ledger. Users of exchanges, wallets, neobanks, and fintech platforms can directly use BTC and other virtual asset balances to spend using Visa cards issued by Reap. Conversion is completed at the real-time exchange rate at the time of payment, without the need to convert into stablecoins in advance. Reap data show that 2026 year July card spending paid with virtual assets reached 1040000000 USD。
Users can directly use BTC and other virtual asset balances to make purchases using cards issued by Reap.Visa
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Payments are converted at real-time exchange rates, without the need to convert to stablecoins in advance.
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According to data from Reap, 2026 year July bank card spending paid for with virtual assets reached 1040000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This service connects virtual asset balances with bank card payments. When users make a payment, the system converts the funds at the real-time exchange rate instead of requiring users to convert them into stablecoins in advance.
Why it matters to readers
It may reduce the conversion steps required before virtual assets can be used for everyday card spending.
Beginners can understand it as: assets in the account, BTC and other assets can participate directly in settlement when making card payments.
Risks and unknowns
The above information comes from PANews' account of the official news; Reap's data and service details have not yet been independently verified in the materials.
The materials do not specify the particular range of virtual assets supported, fees, regional restrictions, or the method for calculating exchange rates.
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Virtual asset ledger
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