Rising demand for efficient international settlements is accelerating the use of blockchain-based payment models. Ripple, a blockchain infrastructure provider, and Convera, a global leader in commercial payments with a financial network spanning more than 140 currencies across 200 countries and territories, announced on March 31, 2026, a joint effort to offer crypto-enabled payment and treasury solutions for businesses.

Ripple said on social media platform X:

“We’re partnering with Convera to expand enterprise cross-border payments. Together, we’re combining global payment rails with stablecoin-enabled settlement to improve speed, liquidity, and reliability.”

The statement highlights how the collaboration integrates existing financial infrastructure with blockchain-based settlement mechanisms.

The collaboration combines foreign exchange capabilities with digital asset infrastructure to streamline enterprise payments. The announcement noted: “This partnership builds on the ‘ stablecoin sandwich’ settlement model, where payments begin and end in fiat while leveraging regulated stablecoins for settlement 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.” While the announcement does not specify a single asset, Ripple’s infrastructure includes its RLUSD stablecoin alongside XRP, enabling different assets to support liquidity and settlement depending on corridor needs.

By aligning their respective systems, the companies aim to address inefficiencies in regions where legacy payment rails remain constrained. Convera contributes its global network, regulatory reach, and currency management expertise, while Ripple provides liquidity services, settlement technology, and digital asset integration. This structure is intended to reduce transaction friction and improve execution timelines while expanding treasury management capabilities.

Convera originated from Western Union’s former Business Solutions unit, which was sold in 2021 to Goldfinch Partners and The Baupost Group for $910 million and fully rebranded in 2023, with no remaining ownership ties. Western Union had earlier tested Ripple’s technology in 2018 but did not proceed, while Convera has now moved forward with full integration.

Central to the framework is a settlement approach that transitions funds through regulated stablecoins before returning to fiat at the destination. This design allows businesses to access blockchain-based efficiencies without directly handling digital assets, while maintaining compliance and operational control across jurisdictions.

Businesses seeking streamlined global payments without direct exposure to digital assets represent a primary target for the solution. Aaron Slettehaugh, senior vice president of product at Ripple, said:

“Enterprises are increasingly looking for faster, more flexible ways to move money globally without taking on the complexity of digital assets directly.”

Evolving regulatory timelines and the expansion of real-time payment systems continue to reshape treasury operations worldwide. The joint initiative reflects a broader transition toward multi-rail financial ecosystems, where traditional and blockchain-based infrastructures operate together to support modern cross-border payment demands.

• How does the Ripple and Convera partnership impact cross-border payments?
  It improves settlement speed and efficiency by combining blockchain infrastructure with traditional fiat systems.
• What is the stablecoin sandwich model in enterprise payments?
  It uses regulated stablecoins for settlement between fiat entry and exit points to streamline transactions.
• Why are enterprises adopting blockchain-based treasury solutions?
  They seek faster global payments and reduced friction without direct exposure to digital assets.
• What does this mean for investors in blockchain payment infrastructure?
  It signals growing institutional adoption and expanding use cases for hybrid payment systems.

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