New York, USA, January 11, 2023, Chainwire

Reap, the global financial technology company powering spend management through the industry’s first Reap Visa Corporate Card (“Reap Card”) platform, launches industry-leading innovation by including cryptocurrency redemption functionality for web3 industry. Along with Reap Card, Reap offers expense management software that will allow web3 businesses to settle their fiat payments with cryptocurrency.

Daren Guo, co-founder of Reap, said: “We noticed a gap in the payments market involving web3 projects facing challenges in settling corporate spending with non-fiat currencies such as cryptocurrency. Currently, there is no scalable and seamless solution for converting cryptocurrency to fiat as traditional banks have not been able to establish an industry standard for these web3 companies. Reap can now bridge the gap between web3 business and the web2 fiat economy.”

Security and stability are at the forefront of the minds of customers leveraging Web3 technologies. To build a trusted ecosystem, Reap integrated with Fireblocks, an easy-to-use platform for creating new blockchain-based products and managing day-to-day operations of digital assets.

Stephen Richardson, SVP of Financial Markets at Fireblocks, added: “The security of digital assets is of paramount importance when it comes to building customer trust, so we are delighted to be working with Reap to drive secure and frictionless payments. for web3 creators. . Reap’s solution improves the operational efficiency of web3 projects, allowing project founders and owners to focus on building innovative products with greater peace of mind. We are proud to be working with innovative companies like Reap that will enable the next generation of digital assets.”

The Reap Card simplifies the process of settling global payments by using USDC, USDT, BTC, and ETH seamlessly to solve the problem of costly handling fees that include multiple off-ramp parties. Digital provider Gnosis has already used this service to see firsthand how Reap Card streamlines complicated currency conversion processes and billing issues, freeing up executive time to focus on core business operations.

“As an early adopter of the Reap Card, we have been able to take advantage of its innovative suite of products and seamlessly settle payments in fiat currencies,” said Dosh, Gnosis Marketing and Communications team. “Reap’s solution has been particularly helpful in getting around the pitfalls and hurdles that are often encountered when trying to use cryptocurrency to navigate the traditional banking system.”

Reap envisions a future where all businesses, regardless of size and industry, have the opportunity to operate to their full potential by creating and applying innovative financial solutions. Reap is committed to orchestrating success with all types of businesses to capture global opportunities in an ever-changing competitive global marketplace.

about harvesting

Reap is a financial platform that enables financial access and connectivity through innovation for businesses of all sizes. Reap combines expense management software with a range of innovative payment products, including the flagship Reap Visa corporate credit card. Reap is committed to helping businesses orchestrate success by providing the best financial tools that evolve with their customers and the marketplace.

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 a team of over 40, working in offices in 7 countries.

Learn more here. Media Inquiries- Reap media@reap.global

Contact

daniel choy
daniel@reap.global