Kraken Platform Payward Acquires Payments Firm Reap

Payward , the financial infrastructure platform behind cryptocurrency exchange Kraken , has acquired payments infrastructure firm Reap . The deal, announced in May and completed Wednesday (July 1), is designed to expand Payward Services, the company’s B2B infrastructure platform, opening a path to “globally regulated infrastructure” for stablecoin payments and card issuance. “We are building the rails for an open, global financial system, where stablecoins are the settlement medium and tokenized