Ripple's Convera Partnership Raises Questions About XRP's Role

Ripple has made a significant move in the realm of commercial payments with its latest partnership announcement. Convera, a company that operates across 140 currencies and 200 countries, will be using Ripple's blockchain infrastructure for stablecoin-enabled cross-border payment solutions.

The model at the center of this deal 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, while Ripple provides liquidity and infrastructure underneath.