One of the world’s largest commercial payments companies just tied itself to Ripple’s blockchain infrastructure, and the announcement is already dividing opinion before the ink has dried.
Convera, which operates across 140 currencies and 200 countries, confirmed a strategic partnership with Ripple today to offer stablecoin-enabled cross-border payment and treasury solutions for business clients. The deal targets corridors where traditional payment rails are slow, expensive or simply unreliable.
The model at the centre of it is being called the stablecoin sandwich. Payments leave in fiat, settle via regulated stablecoins in the middle, and arrive in fiat on the other end. Convera handles the customer experience. Ripple provides the liquidity, on and off-ramping and settlement infrastructure underneath.
“By partnering with Convera, we’re combining trusted global payment infrastructure with stablecoin-powered settlement to give businesses more control over how and when they move value across borders,” said Aaron Slettehaugh, SVP of Product at Ripple.
Here is where it gets interesting.
The announcement does not mention XRP once. It does not explicitly reference the XRP Ledger either. For a community that has spent years watching Ripple build toward exactly this kind of institutional partnership, the omission landed badly.
“Forget no mention of XRP, they don’t even explicitly state they’re using the XRPL,” one observer posted within minutes of the announcement going live.
Crypto lawyer Bill Morgan, known for his measured takes on Ripple-related developments, noted dryly: “They didn’t call it an XRP sandwich model.”
His earlier observation was more pointed. The partnership specifically uses regulated stablecoins at the settlement layer, not XRP. Whether that changes over time, or whether RLUSD plays a role that was simply not disclosed today, remains an open question.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bitcoin remains in a bear market but may be entering its final stretch, according to…
XRP has already dipped as low as $1.01 during the ongoing bear market pullback, reviving…
Morpho's price has maintained significant strength since the start of 2026, which has kept the…
After experiencing a significant sell-off, the bulls are trying hard to initiate a strong rebound…
The memecoin sector is beginning to show signs of renewed strength after spending months in…
The upcoming CLARITY Act is widely expected to reshape the U.S. crypto market by providing…
