Ripple and Convera Join Forces

Ripple has partnered with Convera to streamline international business payments using stablecoin technology. This move signals that digital assets are becoming increasingly integrated into the global financial system.

The new solution combines Convera’s payment and foreign exchange network with Ripple’s blockchain infrastructure. The goal is to enable faster and more reliable money transfers, especially in regions where traditional systems are slow or costly.

At the core of the collaboration is the so-called “stablecoin sandwich” model. In this approach, a payment starts in a traditional currency, is converted into a stablecoin, and then converted back into fiat at the destination. This allows businesses to benefit from blockchain-based speed and efficiency without needing to directly handle cryptocurrencies. Convera manages the customer experience and payment flow, while Ripple provides liquidity and executes international transactions.

The partnership aligns with Ripple’s broader strategy of delivering blockchain infrastructure for financial institutions. According to the company, Ripple Payments covers over 90 percent of daily foreign exchange markets and has already processed more than $95 billion.

Ripple’s solutions are already being used by institutions such as Banco Genial and AMINA Bank, enabling near-instant international transfers that bridge stablecoins and traditional currencies.

For Convera, this marks an expansion of its offering with a new digital settlement channel. The company serves more than 26,000 clients across over 200 countries and territories, and the new solution is designed to meet growing demand for fast transfers and flexible global payouts.

Stablecoins are becoming an increasingly important part of the payments landscape. Major financial companies are exploring their use to simplify cross-border transactions. Visa is developing stablecoin settlement solutions for banks in the United States, while Mastercard is planning to acquire BVNK in a deal worth up to $1.8 billion.

Despite growing interest, skepticism remains. Some analysts argue that real-world adoption of stablecoins still falls short of expectations.