Reap, the payments company under Payward, Kraken’s parent company, has launched Virtual Asset Ledger, allowing users of exchanges, wallets, new banks and fintech platforms to spend virtual-asset balances such as BTC through Reap-issued Visa cards. Payments are converted at real-time exchange rates, removing the need to first convert assets into stablecoins. Reap said card spending paid with virtual assets reached $1.04 billion in July 2026.