New Deal Could Boost XRP Price Recovery: Ripple Partners With $190 Billion Payments Giant

April 2, 2026

The recent partnership between Convera, a former division of Western Union Business Solutions, and Ripple has stirred up interest in the cryptocurrency world. Convera, now a separate company processing an annual transaction volume of around $190 billion across 200 countries and 140 currencies, has decided to team up with Ripple to settle cross-border payments using stablecoins on the XRP Ledger.

This collaboration marks a significant development in the payment industry, with Convera being one of the largest non-bank B2B cross-border payments firms globally. The partnership is based on a “stablecoin sandwich” settlement model, where payments start and end in fiat currency, while being settled through Ripple’s regulated stablecoin RLUSD on the XRP Ledger. This model aims to provide a seamless payment experience for customers, with Ripple handling the blockchain infrastructure behind the scenes.

Despite the historical testing of Ripple’s technology by Western Union back in 2018, the company was hesitant to fully embrace it due to cost concerns. However, the current partnership between Convera and Ripple bypasses XRP entirely in favor of using RLUSD for settlement, highlighting the shifting landscape of cross-border payments towards stablecoins.

The deal between Convera and Ripple does not directly address the use of XRP in transactions. Instead, it focuses on the stability provided by using RLUSD for settlement, especially in high-volume payment corridors. While this may not immediately impact the price of XRP, there is potential for XRP to play a role down the line if Ripple integrates On-Demand Liquidity into Convera’s payment corridors.

For those hoping for a significant price recovery for XRP, the Convera partnership may not be the catalyst they are looking for. However, the groundwork being laid by Ripple’s collaborations with companies like Convera, GTreasury, and Mastercard could pave the way for XRP to be utilized in the future. Ultimately, the success of this partnership and its impact on XRP’s price will depend on various factors, including regulatory developments and the adoption of Ripple’s technology by other industry players.