This is interesting. It looks like a gift card program. They allow you to create a card and fund it using crypto up to $1,000 USD. Once a funded card account is depleted it cannot be reloaded (this is how they skirt KYC). Their accounts cannot be used for cash withdrawal (covers AML). They do have a mechanism for moving funds between card accounts though. The FAQ was able to answer all the questions I thought of regarding the program.

Seems worth a measured explore. I used to work in a job that encouraged playing around with payment and money transfer networks a bit though.

They're just operating as an intermediary. They take your crypto and buy you a gift card to purchase stuff.

But let me ask you this: Where are they going to send the stuff you purchased?