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Press release
Press release. New York, USA, January 11, 2023, Chainwire. Reap, a global fintech company empowering expense management through the industry’s first Reap Visa Corporate Card (“Reap Card”) platform, has launched industry-leading innovation by including cryptocurrency repayment capabilities for the Web3 industry. increase. Along with the Reap card, Reap offers expense management software that enables web3 companies to settle fiat payments in cryptocurrencies.
Reap co-founder Daren Guo said: “We have noticed a gap in the payments market, including web3 projects facing the challenge of settling corporate expenses in non-fiat currencies like cryptocurrencies. A seamless and scalable solution to convert cryptocurrency to fiat currently does not exist because we were unable to establish a
Security and stability are top priorities for customers using Web3 technology. To build a trusted ecosystem, Reap integrates with its easy-to-use platform, Fireblocks, to create new blockchain-based products and manage day-to-day digital asset operations.
Stephen Richardson, Senior Vice President of Financial Markets at Fireblocks, added: “The security of digital assets is paramount in building customer trust, which is why we are pleased to work with Reap to power secure, frictionless payments for web3 creators. Improve project operational efficiencies and give founders and project owners peace of mind to focus on building innovative products.Working with innovative companies like Reap to enable the next generation of digital assets. I am proud to be able to do it.”
Reap Card simplifies the process of settling fiat global payments seamlessly using USDC, USDT, BTC, and ETH, solving the problem of high fees involving multiple offramp parties. Digital provider Gnosis uses the service to see first-hand how Reap Card streamlines complex currency conversion processes and billing issues, freeing executives’ time to focus on core business operations.
“As early adopters of Reap Card, we were able to leverage their innovative product suite to seamlessly settle fiat payments,” said Dosh, Communications and Marketing Team at Gnosis. says. “Reap’s solution has been particularly helpful in avoiding the difficulties and hurdles that often arise when trying to use cryptocurrencies to navigate traditional banking systems.”
Reap envisions a future where every business, regardless of size or industry, can reach their full potential by building and applying innovative financial solutions. Reap is committed to achieving success in all types of businesses to seize global opportunities in the ever-changing and competitive global marketplace.
About Leap
Reap is a financial platform that enables access and financial connectivity through innovation for businesses of all sizes. Reap combines spend management software with innovative payment products, including his flagship Reap Visa Corporate Credit Card. Reap is committed to helping businesses achieve success by providing the best financial tools that evolve with their customers and markets.
Reap is backed by industry-leading investors including Acorn Pacific Ventures, Arcadia Funds, HashKey Capital, Hustle Fund, Fresco Capital, Abacus Ventures and Payment Asia. Reap was founded in 2018 and has expanded to his team of 40+ people working in offices in 7 countries.
Learn more about. Media Enquiries: Reap media@reap.global
contact
Daniel Choi
daniel@reap.global
This is a press release. Readers should exercise due caution before taking any action related to the advertised company or its affiliates or services. Bitcoin.com will not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with your use of or reliance on any content, goods or services mentioned in any press release. I don’t owe you.
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