Ripple and Convera Team Up to Advance Blockchain-Based Cross-Border Payments

Ripple and Convera introduce a stablecoin settlement model to improve speed and flexibility in global payments.

Ripple is expanding its role in global payments as blockchain-based settlement gains traction. Stablecoins are increasingly used as a bridge between traditional finance and digital assets. Businesses are shifting toward faster and more flexible cross-border payment systems. A new partnership between Ripple Labs and Convera reflects that trend.

Stablecoin ‘Sandwich’ Model Drives Payment Collaboration

Ripple and Convera announced a collaboration aimed at improving cross-border payments using stablecoins and blockchain infrastructure. The move brings together Convera’s global payment network and foreign exchange capabilities with Ripple’s digital asset settlement systems.

Convera processes payments across more than 140 currencies in nearly 200 markets. The firm, previously known as Western Union Business Solutions, has expanded its footprint since its 2021 acquisition. CEO Patrick Gauthier said the company has taken a measured approach to digital currencies while monitoring customer demand.

Gauthier noted that clients increasingly want faster and more flexible payment options. He added that Ripple’s position in the crypto sector made it a suitable partner. The partnership is expected to support businesses operating in regions where traditional banking rails remain slow or costly.

The CEO explained that “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. Ripple is a clear leader in the crypto space and a natural fit for Convera.”

At the core of the collaboration is a “stablecoin sandwich” model. Payments begin and end in fiat currency, while regulated stablecoins handle settlement in between. Convera manages the customer-facing payment flow, while Ripple provides liquidity, on- and off-ramps, and settlement infrastructure.

Stablecoin Demand Rises as Ripple Builds Out Global Payment Infrastructure

Ripple’s network is built around the XRP ecosystem and the XRP Ledger. The company also issues RLUSD, a dollar-pegged stablecoin designed for enterprise payments. According to Aaron Slettehaugh, businesses want to move funds globally without having to handle digital assets directly. The partnership addresses that need by abstracting complexity from end users.

Recent activity shows Ripple expanding its institutional reach. The company joined a program led by the Monetary Authority of Singapore to test programmable settlements using blockchain technology. That initiative focuses on trade finance and cross-border transactions.

Growing interest in stablecoins suggests a convergence between traditional finance and crypto infrastructure. Partnerships like Ripple and Convera point to increasing adoption of hybrid payment models in global commerce.

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