"Ripple and Convera are collaborating to offer crypto-enabled payment and treasury solutions, combining global payment rails with stablecoin-enabled settlement to enhance speed, liquidity, and reliability."
"The partnership utilizes a 'stablecoin sandwich' settlement model, where payments start and end in fiat, leveraging regulated stablecoins for the settlement process in between."
"Convera orchestrates the end-to-end payment experience, while Ripple provides the underlying infrastructure for liquidity, on/off-ramping, and cross-border settlement."
"By aligning their systems, Ripple and Convera aim to address inefficiencies in regions with constrained legacy payment rails, reducing transaction friction and improving execution timelines."
Ripple and Convera have partnered to enhance international payments using blockchain technology. This collaboration aims to combine traditional financial systems with blockchain-based settlement methods. The partnership utilizes a 'stablecoin sandwich' model, where fiat currencies are used at both ends of transactions, while regulated stablecoins facilitate the settlement process. Convera's global network and currency management expertise, along with Ripple's liquidity services and settlement technology, are designed to streamline enterprise payments and improve transaction efficiency in constrained regions.
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