Ripple and Convera have announced a strategic partnership to enhance enterprise cross-border payments using blockchain technology and stablecoins. The collaboration aims to improve transaction speed and liquidity by integrating Convera's global payment network with Ripple's blockchain-based settlement infrastructure. This partnership allows businesses to execute faster international payments without directly handling digital assets, leveraging a "stablecoin sandwich" model for fiat-to-fiat transactions.
Convera, which processes over $190 billion annually across more than 140 currencies, will manage the client-facing experience while Ripple provides backend infrastructure, including liquidity sourcing and transaction settlement. The partnership targets improved reliability and efficiency in cross-border transactions, particularly in underserved corridors, by reducing reliance on traditional banking intermediaries and enabling near real-time settlement.
Ripple and Convera Partner to Enhance Cross-Border Payments with Blockchain
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