Ripple Partners with Global Payments Leader Convera to Launch Stablecoin-Powered Cross-Border Payments
Ripple has inked a landmark deal with global payments giant Convera, bringing stablecoin-powered cross-border payments to a global scale.
Handling over $190B annually across more than 140 currencies for at least 26,000 businesses, Convera will now leverage Ripple’s blockchain to streamline fast, secure, crypto-enabled international transactions.
This isn’t a pilot or a small-scale experiment, it’s the foundation of global payments shifting to blockchain.
By merging Convera’s vast payment network, FX expertise, and enterprise experience with Ripple’s liquidity, settlement, and digital asset capabilities, the partnership delivers faster, more reliable cross-border transactions, transforming corridors where traditional banking is slow, expensive, or inaccessible.
Central to this partnership is the ‘stablecoin sandwich’ model whereby payments start and end in fiat, while regulated stablecoins settle instantly on Ripple’s blockchain.
Convera then ensures a seamless customer experience, while Ripple powers liquidity, on/off-ramps, and real-time settlement, delivering near-instant, 24/7 payments with lower friction and enhanced enterprise control.
Ripple and Convera Set to Redefining Cross-Border Payments with XRP Ledger and Stablecoins
For the XRP Ledger, this partnership channels real-world enterprise payments onto the blockchain through stablecoin settlement, boosting on-chain activity, reinforcing liquidity connections to traditional finance, and proving the ledger’s tangible utility at scale.
Aaron Slettehaugh, Ripple’s SVP of Product, hailed the partnership, stating:
“By partnering with Convera, we’re combining a trusted global payment infrastructure with stablecoin-powered settlement to give businesses more control over how and when they move value across borders.”
Therefore, The Ripple–Convera partnership is set to revamp cross-border payments.
By combining Convera’s global payment network with Ripple’s blockchain infrastructure, enterprises can now settle transactions 24/7 with near-instant speed, deeper liquidity, and greater reliability. This collaboration sets a new benchmark for international payments, bridging traditional finance and the digital asset era.
Meanwhile, as Ripple nears a key regulatory milestone, with the OCC rule taking effect April 1 and trust bank approval in sight, it seems the sky’s the limit for the blockchain giant.
Conversely, Ripple Prime is expanding institutional offerings, including Gold, Silver, and Oil perpetuals on Hyperliquid, while SBI VC Trade prepares to launch RLUSD in Japan following its Ripple MOU.
Conclusion
The Ripple-Convera partnership marks a breakthrough in global payments. By using stablecoin settlement on Ripple’s blockchain, businesses can now transfer funds across borders faster, more transparently, and more reliably than ever.
This collaboration bridges blockchain and traditional finance, creating a real-world, global payment network. With Ripple and Convera combining their expertise, cross-border transactions are no longer slow or uncertain, they’re instant, liquid, and ready for the world.
