Payment company Convera and Ripple reach a strategic partnership, launching a stablecoin-based cross-border payment solution
Gate News update, on March 31, payment company Convera reached a strategic partnership with Ripple, which will provide enterprises with payment and treasury management solutions that support cryptocurrencies. The partnership is based on the “stablecoin sandwich” settlement model, meaning the payment process begins and ends with fiat currency, and the middle steps use regulated stablecoins for settlement. Under the partnership agreement, Convera is responsible for coordinating the end-to-end payment experience, while Ripple provides liquidity support, onboarding and offboarding channels, and infrastructure for cross-border settlement.
GateNews·3m ago