Reap Launches Virtual Asset Ledger for Direct Crypto Card Spending

Reap's ledger is a quiet but telling piece of infrastructure: it removes the pre-conversion step that has long made crypto card spending clunky, and the July figure suggests demand for spending directly from volatile balances is already real. The model matters most for exchanges, wallets and neobanks that want card rails without building conversion themselves. The open question is whether real-time conversion at the point of sale holds up as a durable payments habit or remains a niche feature tied to specific platforms.