Reap Harnesses Fireblocks to Allow Cryptocurrency Payments via the Reap Card

New York, United States, January 11, 2023 - Chainwire

Reap Reap, the pioneering fintech company specializing in expense management with its unique Reap Visa Corporate Card (“Reap Card”), is unveiling a groundbreaking feature that allows crypto repayments targeted at the Web3 sector. Alongside the Reap Card, Reap is also providing advanced expense management tools that enable Web3 companies to convert their fiat transactions into cryptocurrencies.

Daren Guo, one of the co-founders of Reap, expressed: “We identified a significant need in the payment landscape for Web3 projects struggling to manage corporate expenses with digital currencies rather than traditional fiat. The current market lacks a smooth and scalable option for exchanging cryptocurrencies to fiat since conventional banks haven't yet reached a consensus on industry standards for these Web3 firms. With Reap, we can effectively bridge that divide.” web3 businesses and the web2 fiat economy.”

Security and reliability are top priorities for clients who utilize Web3 technologies . To foster a reliable ecosystem, Reap has collaborated with Fireblocks, a user-friendly platform designed to create blockchain solutions and oversee daily transactions. digital asset operations. 

Stephen Richardson, Senior Vice President of Financial Markets at Fireblocks, stated: “Ensuring the safety of digital assets is crucial in building trust with customers, which is why we’re excited to partner with Reap in facilitating secure and seamless payments for creators in the Web3 space. Reap’s solution stands to enhance operational efficiency for web3 projects , enabling founders and project leaders to dedicate more energy to developing innovative products without the constant worry. We take pride in assisting forward-thinking companies like Reap that usher in the next wave of digital asset evolution.”

The Reap Card simplifies the task of processing international payments in fiat by utilizing USDC, USDT, BTC, and ETH, effectively eliminating costly fees associated with various intermediaries. Digital solutions provider Gnosis has already taken advantage of this feature to demonstrate how the Reap Card simplifies complex currency exchanges and billing dilemmas, allowing executives to concentrate on their core business agendas.

“As one of the first adopters of the Reap Card, we've greatly benefited from their cutting-edge suite of products, enabling us to effortlessly convert payments into fiat currencies,” noted Dosh from the Communication and Marketing Team at Gnosis. “Reap’s offering has proven especially advantageous in sidestepping the challenges traditionally linked to using cryptocurrencies in the conventional banking landscape.”

Reap envisions a future where every business , regardless of their size or sector, now have the possibility to realize their full potential by implementing and developing innovative financial solutions. Reap is dedicated to orchestrating success for all types of businesses as they navigate a dynamic and increasingly competitive global marketplace.

About Reap

Reap is a financial platform that promotes access and financial connection through innovation for businesses of every scale. By merging spend management software with a diverse range of novel payment solutions—including the flagship Reap Visa Corporate Card—Reap aims to equip businesses with the most effective financial tools that adapt to evolving customer needs and market shifts. Credit Card Supported by investors such as Acorn Pacific Ventures, Arcadia Funds, HashKey Capital, Hustle Fund, Fresco Capital, Abacus Ventures, and Payment Asia, Reap was established in 2018 and has grown to a dedicated team of over 40 members spread across 7 countries.

Reap is supported by industry-leading investors including Please remember that the information available on this page is not intended to serve as legal, tax, investment, financial, or any other form of advice. It's crucial to invest only what you can afford to lose and seek independent financial counseling if there are any uncertainties. For additional details, we recommend reviewing the terms and conditions as well as the help and support sections provided by the issuer or advertiser. MetaversePost strives for accurate and impartial reporting, but market conditions can change without notice.

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