Ripple partners with Convera to deliver crypto-enabled payment and treasury services for businesses, signaling stablecoins' deeper integration into mainstream cross-border finance.
The collaboration merges Convera's commercial payments and FX network with Ripple's blockchain-based settlement infrastructure. The service targets business clients needing faster, more reliable international transfers in corridors where traditional systems remain slow or expensive.
The system uses a stablecoin sandwich model: payments start in fiat currency, settle through regulated stablecoins, then convert back to fiat. Enterprise users access blockchain settlement benefits without managing digital assets directly.
Convera handles customer-facing payment flows while Ripple provides underlying liquidity, on and off-ramping, and cross-border settlement. This fits Ripple's broader strategy selling blockchain infrastructure to financial institutions.
Ripple Payments has reached 90% of daily FX markets, processing over $95 billion in volume. Customers including Banco Genial and AMINA Bank already use the infrastructure for near real-time cross-border flows.
Convera serves over 26,000 customers across 200+ countries and territories, adding digital asset settlement to existing operations.