Ripple Expands Cross-Border Payments With Faster, Reliable Settlements in Convera Collaboration

Ripple is advancing global payment efficiency through a partnership with Convera, aiming to accelerate cross-border transactions using stablecoin-backed settlement while reducing friction and preserving fiat-based enterprise workflows.

Ripple said on social media platform X:

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

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.

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.