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  1. A solution is live in Hong Kong and the EU for corporate buyers, partnered with Visa.

Reap plans to integrate Mexican peso stablecoin via Visa partnership

1 report, 1 independent Updated Sep 22
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Reap, a fintech platform owned by Payward, is preparing to add a Mexican peso stablecoin to its card, cross-border payment, and treasury products. This expansion is facilitated through its global partnership with Visa, which provides around-the-clock settlement. The company is also exploring stablecoins pegged to the Hong Kong dollar, euro, won, and yen.

From coindesk.com

Why it matters

Some supportBrind's analysis of the reports

Reap operates as a Visa Principal Issuer Member in Hong Kong and Mexico, handling regulated card issuance and compliance. The company states that Visa manages the settlement of stablecoins, while Reap ensures they are spendable. This structure allows Reap to support partners in more than 100 markets.

A solution is currently operational in Hong Kong and the EU for corporate buyers, utilizing a partnership with Visa.

From coindesk.com

Who's involved

  • Hong KongLocation of Reap's operations and a Visa Principal Issuer Member
  • Visa Inc.Provides the global partnership and settlement infrastructure for the stablecoins
  • PaywardParent company that owns Reap

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A solution is live in Hong Kong and the EU for corporate buyers, partnered with Visa. All 1 developments

The entities involved

Coverage

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