payments-infrastructure · Reap · Bitcoin · payments · cards · custody
Reap Lets Card Programs Spend Against Crypto Balances
The Virtual Asset Ledger allows card-program clients to make bitcoin and other virtual-asset balances available for spending, with conversion at the point of sale.
Reap launched a Virtual Asset Ledger for clients of its card-issuing platform, allowing users to spend against bitcoin and other virtual-asset balances already held with the client.
The client mirrors balances into Reap and supplies its own pricing feed. Conversion occurs at the point of sale, without requiring the user to complete a separate swap or pre-fund another pipeline.
Cash and virtual assets can contribute to one displayed spending limit. Clients can also define fixed-rate units such as cashback, loyalty points, credit lines and salary allowances inside the same account structure.
Custody and treasury responsibilities remain outside Reap's role. Reap says clients retain custody of user funds and the customer relationship, while maintaining collateral in USDC or USDT. Reap neither custodies the underlying assets nor operates as an exchange.
The next evidence is production use, conversion quality during volatile markets, settlement reliability and transparent disclosure of the risks borne by users and program operators.
Sources and disclosures
Primary source: Reap, September 9, 2026. Product mechanics and availability are company-reported.
Update note
Observed September 11, 2026 BRT. Reap says bitcoin support is available to existing card-issuing clients through its API.