Ripple, one of the leading players in the crypto industry, has announced a strategic collaboration that could reshape international payments. The partnership with Convera, formerly known as Western Union Business Solutions, aims to integrate blockchain infrastructure into the traditional financial system. This move is expected to strengthen the role of digital assets in global trade and payments.
Operating in nearly 200 countries and supporting over 140 currencies, Convera holds a strong position in international payments. CEO Patrick Gauthier stated that the company is closely following developments in crypto and stablecoins in response to customer demand, emphasizing that Ripple’s expertise made it the ideal partner.
Under the new model, payments will start and end in fiat currencies, while stablecoins will be used in the background during the transaction process. This approach enables businesses to benefit from faster and more flexible transfers without directly dealing with crypto complexities. XRP and Ripple’s USD-pegged asset RLUSD will play a central role in this system.
