Ripple Launches Stablecoin Rails with Convera

Convera and Ripple Collaborate on Stablecoin-Enabled Payments

• Convera partners with Ripple to launch crypto-enabled payment and treasury services for businesses.
• The collaboration integrates Convera’s payments network with Ripple’s blockchain-based liquidity infrastructure.
• The stablecoin sandwich model is employed, starting and ending transactions in fiat currency.
• Ripple’s infrastructure has processed over $95 billion in volume, reaching more than 90% of daily FX markets.
• Convera serves over 26,000 customers across 200+ countries, enhancing global payout flexibility without necessitating direct crypto management.

Convera’s partnership with Ripple leverages blockchain technology to enhance cross-border payment efficiency using the stablecoin sandwich model, addressing the demand for faster and more reliable international transactions.