Reap Leverages Fireblocks to Enable Crypto Refunds with the Reap Card

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January 11, 2023 New York, NY

Reap, the Global FinTech Company Powering Expense Management Through the First Reap Visa Corporate Card (“Reap Card”) Platform, Launches Cutting-Edge Innovation by Including Cryptocurrency Reimbursement Functionality for the Industry Web 3.0.

With the Reap card, Reap offers expense management software that will allow Web 3.0 businesses to settle their fiat payments with cryptocurrencies.

Daren Guo, co-founder of Reap, said:

We have noticed a gap in the payments market involving Web 3.0 projects that are having difficulty settling business expenses with non-fiat currencies like cryptocurrency. A seamless and scalable solution to convert crypto to fiat currently does not exist as traditional banks have not been able to settle on an industry standard for these web 3.0 businesses. Reap is now able to bridge the gap between Web 3.0 businesses and the Web 2.0 fiat economy.

Security and stability are top of mind for customers using Web 3.0 technologies. To create a trusted ecosystem, Reap has integrated with Fireblocks, an easy-to-use platform for building new blockchain-based products and managing day-to-day operations of digital assets.

Stephen Richardson, SVP of Financial Markets at Fireblocks, said:

The security of digital assets is of paramount importance when it comes to building customer trust, which is why we are delighted to be working with Reap to enable secure and frictionless payments for Web 3.0 creators.

“The Reaps solution aims to improve the operational efficiency of Web 3.0 projects, allowing founders and project owners to focus on building innovative products with greater peace of mind. We are proud to work with innovative companies, like Reap, that will enable the next generation of digital assets.

The Reap Card simplifies the process of settling global fiat payments by using USDC, USDT, BTC, and ETH seamlessly to solve the problem of costly processing fees that include multiple off-track parties.

Digital provider Gnosis has already used the service to see firsthand how the Reap Card streamlines complex currency conversion processes and billing issues, freeing up time for executives to focus on core business operations.

Dosh, Gnosis’ communications and marketing team, said:

As an early adopter of Reap Card, we were able to leverage their innovative product suite and seamlessly settle fiat currency payments.

“The Reaps solution has been particularly useful in circumventing the difficulties and obstacles that often accompany the use of cryptocurrency to navigate the traditional banking system.

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

About Reap

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 succeed by providing the best financial tools that evolve with their customers and the market.

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 grown to a team of over 40 people, working from offices in seven countries.

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Daniel Choy, Harvest

This content is sponsored and should be considered promotional material. The opinions and statements expressed herein are those of the author and do not reflect the views of The Daily Hodl. The Daily Hodl is not an affiliate or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making high-risk investments in ICOs, blockchain startups, or cryptocurrencies. Please note that your investments are at your own risk and any loss you may suffer is your responsibility.

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