Posted

by

Anushka

on

Jun 21, 2024

Posted

by

Anushka

on

Jun 21, 2024

Posted

by

Anushka

on

Jun 21, 2024

Posted

by

Anushka

on

Jun 21, 2024

Posted

by

Anushka

on

Jun 21, 2024

Introducing TRON & Polygon Integration and Reap Treasury

Introducing TRON & Polygon Integration and Reap Treasury

Introducing TRON & Polygon Integration and Reap Treasury

Introducing TRON & Polygon Integration and Reap Treasury

Introducing TRON & Polygon Integration and Reap Treasury

Key takeaways 

  • Reap now supports transfers via TRON and Polygon blockchains, in addition to Ethereum, expanding user options. 

  • This integration applies to all transfer types, including collateralising for Reap Card, monthly Reap Card bill repayment, funding Reap Pay payments, and establishing the credit line for card programs.

  • Reap Treasury has been introduced, enabling users to view and manage all assets (USDC/T) sent to Reap for purposes like Reap Card and Reap Pay.

  • Users can now enjoy real-time fund reconciliation (T+0) through introduction of a better tracking and reconciliation system.

What product updates were made?

  1. Expanded blockchain network support: TRON & Polygon 

Reap now supports TRON and Polygon, in addition to Ethereum, offering increased flexibility and choice. This integration applies to all stablecoin transfers (USDT/C) to Reap for various purposes including Reap Card collateral, monthly Reap Card balance settlement, Reap Pay payment funding, and credit line establishment for card programs. With the expansion to TRON and Polygon, you have more options to choose your preferred network and effectively manage your costs.

  1. Introducing Reap Treasury: An overview of your balances by product

To provide you with an improved user experience when managing your transfers, we have introduced Reap Treasury. It provides you with an overview of your assets with Reap, categorised based on the purpose for which you sent the funds to Reap. It also allows for a much faster fund reconciliation whilst sending funds (within a few minutes) into Reap in order to use the Reap product suite. This feature results in three distinct balances: Reap Card, Reap Pay, and General. Your Reap Card balance is exclusively used as collateral for your Reap Card, while your Reap Pay balance is solely for funding payments through Reap Pay. Your General balance has the purpose of acting as the central hub for managing your Reap funds. Once funds are transferred to your General balance, they can be moved to different balances for different purposes later. This change simplifies the tracking of your funds sent to Reap and enables instant allocation. The best part is that no additional steps or flow changes are required from you.

Understand more about how Reap Treasury and the different balances work 

What does it mean for you?

Who will be affected by this update?

These updates benefit Reap Card, Reap Pay, and Card Issuing users who need to transfer stablecoins to Reap for various purposes such as increasing their credit limit, repaying balances, funding Reap Pay payments, or establishing the credit line for their card program.

Further reading 

Enjoy boundless financial service with Reap

Enjoy boundless financial service with Reap

Enjoy boundless financial service with Reap

Enjoy boundless financial service with Reap

Enjoy boundless financial service with Reap