Ripple joins Convera to streamline business payments with stablecoin rails
Ripple and Convera are partnering to offer businesses faster, more reliable cross-border payments using stablecoin technology.Summary
Convera is partnering with Ripple to integrate crypto-enabled payment and treasury services for businesses, leveraging stablecoins for faster and more efficient cross-border transactions. The collaboration combines Convera’s existing payment network with Ripple’s blockchain infrastructure, allowing businesses to benefit from blockchain settlement without directly managing digital assets. This 'stablecoin sandwich' model converts fiat currency to a regulated stablecoin for settlement and back to fiat, reducing costs and delays. Ripple’s infrastructure already supports a significant volume of FX markets, and Convera serves over 26,000 customers globally, positioning the partnership to meet growing demand for faster treasury movements. The move reflects a broader industry trend, with major players like Visa and Mastercard also exploring stablecoin settlement solutions.
(Source：Crypto Briefing)