Reap Launches Virtual Asset Direct Spending Ledger, Enabling Card Payments with Bitcoin Balances

Odaily News: Reap, the payments company under Kraken parent Payward, has launched a virtual asset ledger that allows users of exchanges, wallets, neobanks, and fintech platforms to directly spend Bitcoin and other virtual asset balances via Visa cards issued by Reap. Payments are converted at real-time exchange rates without the need to pre-convert to stablecoins. Reap data shows that card spending funded by virtual assets reached $1.04 billion in July 2026.