Reach launches virtual asset ledger, supporting users to use BTC balance to consume through Visa card

Reap, a payment company under Payward, the parent company of Kraken, has launched a virtual asset ledger. Users of exchanges, wallets, new banks, and fintech platforms can directly use virtual asset balances such as BTC to consume through Reap's Visa cards. Payment is completed at real-time exchange rates without the need to pre exchange for stablecoins. According to Reach data, the bank card consumption paid by virtual assets reached 1.04 billion US dollars in July 2026.