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Commercial payments firm\u00a0Convera<\/a>\u00a0and blockchain-based enterprise solution provider\u00a0Ripple<\/a>\u00a0have teamed up to offer crypto-enabled payment and treasury solutions for businesses.<\/p>\n This collaboration will make cross-border payments faster and more reliable, especially in corridors where traditional options are limited, the companies said\u00a0in\u00a0a Tuesday\u00a0(March 31)\u00a0press release<\/a>.<\/p>\n It will leverage Convera\u2019s global network, foreign exchange (FX) expertise and customer experience, and Ripple\u2019s liquidity, settlement and digital asset capabilities, according to the release.<\/p>\n The companies\u2019 solution will see payments begin and end in fiat, with regulated stablecoins used in between for settlement, the release said.<\/p>\n Convera will orchestrate the payment experience, while Ripple will provide the underlying infrastructure for liquidity, on\/off-ramping and cross-border settlement, per the release.<\/p>\n \u201cRipple is a clear leader in the crypto space and a natural fit for Convera,\u201d\u00a0Patrick Gauthier<\/a>, CEO of Convera, said in the release. \u201cWe look forward to continued success and growth as we roll out these capabilities to customers near and far.\u201d<\/p>\n We\u2019d love to be your preferred source for news<\/a>.<\/p>\n Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n Advertisement: Scroll to Continue<\/p>\n<\/div>\n Aaron Slettehaugh<\/a>, senior vice president of product at Ripple, said this solution offers enterprises a faster, more flexible way to move money globally without having to take on the complexity of dealing with digital assets themselves.<\/p>\n \u201cBy partnering with Convera, we\u2019re combining a trusted global payment infrastructure with stablecoin-powered settlement to give businesses more control over how and when they move value across borders,\u201d Slettehaugh said.<\/p>\n The\u00a0PYMNTS Intelligence<\/a>\u00a0report \u201cWaiting for Certainty: Why Most CFOs Are Holding Back on Crypto and Stablecoins<\/a>\u201d found that most chief financial officers treat\u00a0stablecoins<\/a>\u00a0not as a store of value but as a faster, more efficient payment rail.<\/p>\n This is demonstrated by the fact that 88% of firms that receive stablecoins convert them into U.S. dollars immediately, the report said.<\/p>\n The companies most likely to experiment with stablecoin rails are those with high exposure to cross-border payments, supplier networks in emerging markets or real-time payout needs, according to the report.<\/p>\n Ripple said March 3 that it now allows customers to collect, hold,\u00a0exchange\u00a0and payout in both fiat and\u00a0stablecoins<\/a>.<\/p>\n