Ripple and Convera integrate blockchain and stablecoins to improve enterprise cross-border payment speed and liquidity.
Stablecoin sandwich model enables fiat-to-fiat payments while using on-chain settlement in the background.
Partnership reduces reliance on intermediaries, enabling near real-time settlement and improved liquidity efficiency.

Ripple and Convera have announced a partnership to expand enterprise cross-border payments using blockchain and stablecoins, the companies said recently. The collaboration combines Convera’s global payment network with Ripple’s settlement infrastructure to improve transaction speed and liquidity. The move targets businesses seeking faster international payments without directly handling digital assets.

Partnership Structure and Rollout

The agreement brings together two established players in payments and digital asset infrastructure. Convera processes over $190 billion annually across more than 140 currencies for thousands of businesses. Meanwhile, Ripple provides blockchain-based liquidity and settlement tools designed for enterprise use.

According to Convera CEO Patrick Gauthier, the company sought a partner aligned with evolving customer demand for digital currency solutions. He said the firm monitored market maturity before moving forward. Ripple’s role centers on providing backend infrastructure, including liquidity sourcing and transaction settlement.

This structure allows Convera to manage the client-facing experience while integrating blockchain functionality behind the scenes. As a result, businesses can access crypto-enabled payments without changing existing workflows.

Stablecoin Settlement Model Explained

At the core of the partnership is a model described as a “stablecoin sandwich.” Payments begin in fiat currency and also settle in fiat. However, the transfer process uses regulated stablecoins in between.

Ripple handles the conversion, liquidity, and on-chain settlement during this middle phase. Meanwhile, Convera ensures compliance, foreign exchange execution, and delivery to end users. This setup aims to reduce delays often associated with traditional correspondent banking systems.

According to Ripple’s Aaron Slettehaugh, enterprises increasingly want faster global payments without operational complexity. He noted that the partnership addresses that demand through integrated infrastructure.

Focus on Enterprise Payment Efficiency

The collaboration focuses on improving reliability in cross-border transactions, particularly in underserved corridors. Traditional systems often face delays due to multiple intermediaries and limited operating hours. In contrast, blockchain-based settlement can operate continuously.

Additionally, the integration allows businesses to manage liquidity more efficiently across regions. Payments can settle in near real time, reducing exposure to currency volatility during processing.

The partnership also reflects broader adoption of hybrid financial models that combine traditional finance systems with blockchain infrastructure.

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