- Convera is partnering with Ripple on crypto-enabled payment and treasury solutions.
- The partnership uses stablecoins for settlement, while payments begin and end in fiat.
- Ripple will provide liquidity, on and off-ramping, and cross-border settlement infrastructure.
Ripple and Convera announced a strategic partnership to expand stablecoin-enabled cross-border payments for businesses. The collaboration combines Convera’s global payment network with Ripple’s blockchain settlement infrastructure to improve speed, liquidity, and treasury management while keeping transactions fully anchored in fiat currencies.
Ripple and Convera Launch Stablecoin Payment Model
The partnership introduces a crypto-enabled payment structure where transactions begin and end in fiat, while stablecoins handle settlement. Convera manages the customer payment flow, and Ripple provides liquidity, on/off-ramping, and cross-border settlement infrastructure.
Convera described the approach as a “stablecoin sandwich” model. The goal is to improve speed and reliability, particularly in payment corridors where traditional systems are slower or more expensive.
By combining Convera’s FX capabilities and global network with Ripple’s blockchain infrastructure, the companies aim to streamline international payments for enterprise users.
Executives Highlight Business Demand for Stablecoins
Convera CEO Patrick Gauthier said the company adopted a measured approach to digital assets while monitoring customer demand.
“With the growing presence and use of digital currencies such as crypto and stablecoins, Convera has maintained a thoughtful approach by listening to what our customers want while watching this space continue to mature.”
He added that Ripple was a natural partner for expanding these capabilities.
“Ripple is a clear leader in the crypto space and a natural fit for Convera. We look forward to continued success and growth as we roll out these capabilities to customers near and far.”
Meanwhile, Ripple SVP of Product Aaron Slettehaugh said enterprises are seeking faster ways to move money globally without managing digital assets directly.
“Enterprises are increasingly looking for faster, more flexible ways to move money globally without taking on the complexity of digital assets directly.” He added that the partnership combines trusted infrastructure with stablecoin-powered settlement.
Stablecoin Settlement Moves into Enterprise Payments
The collaboration highlights growing adoption of stablecoins in enterprise payments. Instead of requiring businesses to hold tokens, stablecoins are used only in the settlement layer while users transact in fiat.
Convera is also set to discuss the initiative at Fintech Meetup in Las Vegas, focusing on adopting new payment rails while maintaining compliance. The rollout reflects increasing demand for faster, controlled cross-border payment solutions powered by blockchain infrastructure.
Related: XRP Price Prediction: Can XRP Break Out In April As Ripple Clears Its Biggest Regulatory Hurdle?
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Source: https://coinedition.com/ripple-partners-with-convera-for-stablecoin-cross-border-payments/
