- Ripple partners with Convera for cross-border payments
- Introduces “stablecoin sandwich” model for faster settlements
- Targets enterprise demand for efficient global money movement
Combining traditional finance with blockchain rails
Ripple has partnered with Convera, a global payments firm operating in over 200 markets, to enhance cross-border payments using blockchain technology.
The partnership focuses on integrating stablecoins into existing payment flows without requiring end users to directly interact with crypto.
How the ‘stablecoin sandwich’ works
Payments will start in fiat, convert into stablecoins for transfer, and then convert back into fiat at the destination. This approach reduces settlement times and transaction costs while avoiding exposure to crypto volatility.
It also simplifies adoption for businesses that want efficiency gains without changing their internal systems.
Growing institutional demand for faster payments
Enterprises are increasingly looking for faster, cheaper, and more flexible ways to move money globally. Ripple’s expanding network of partnerships reflects this demand.
With ongoing collaborations, including central bank initiatives and fintech integrations, Ripple is positioning itself as a core infrastructure provider in the evolving global payments landscape.
