Ripple has announced a partnership with Convera Holdings to provide crypto-enabled cross-border payment solutions for businesses. The collaboration will utilize a "stablecoin sandwich" model, where transactions begin and end in fiat currency, with stablecoin settlement in between. This innovative approach aims to enhance the efficiency and speed of international transactions, leveraging the stability of stablecoins to facilitate seamless cross-border payments.
Ripple and Convera Launch Crypto-Enabled Cross-Border Payments
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