The post XRP News: Ripple Partners With Convera for Stablecoin Cross-Border Payments appeared first on Coinpedia Fintech News
Ripple (XRP) News: Convera has announced a strategic collaboration with Ripple to introduce stablecoin-enabled cross-border payments for businesses. The partnership combines Convera’s global payment network with Ripple’s blockchain infrastructure to deliver faster settlements, improved liquidity, and more flexible treasury solutions using crypto and stablecoins.
Convera Partners Ripple for Stablecoin Payments
According to the announcement, the collaboration focuses on offering crypto-enabled payment and treasury services for enterprises. By integrating Ripple’s infrastructure, Convera aims to simplify international transfers and reduce delays associated with traditional banking systems.
The collaboration also targets payment corridors where legacy financial rails remain slow or costly. Businesses using the platform will be able to move funds more efficiently while maintaining familiar fiat-based workflows.
Patrick Gauthier, CEO of Convera, said Ripple is a clear leader in the crypto space and a natural fit for the company.
“We look forward to continued success and growth as we roll out these capabilities to customers near and far.”
Stablecoin “Sandwich” Model Powers Faster Settlement
The collaboration uses a stablecoin-based settlement structure often called the “stablecoin sandwich” model. In this setup, payments start in fiat currency, convert into stablecoins for settlement, and then convert back into fiat at the receiving end.
Convera manages the full payment flow, including customer experience and compliance. Meanwhile, Ripple provides the backend infrastructure, including liquidity sourcing, on- and off-ramps, and cross-border settlement.
This approach allows companies to move funds globally without exposure to crypto volatility. It also reduces reliance on multiple intermediary banks, which typically slow down international transfers.
Enterprises Demand Faster Global Money Movement
The move comes as businesses increasingly look for more efficient ways to send funds internationally. Stablecoin settlement offers quicker processing times and more predictable costs compared to traditional cross-border payments.
Aaron Slettehaugh, SVP of Product at Ripple, “Enterprises are increasingly looking for faster, more flexible ways to move money globally without taking on the complexity of digital assets directly.”
By combining Convera’s payment expertise with Ripple’s blockchain-based liquidity, the partnership aims to give businesses more control over how and when funds move across borders.
The collaboration highlights growing adoption of stablecoins in enterprise finance. As demand rises, infrastructure partnerships like this could play a key role in reshaping global payment systems.