Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Ripple added two new partners in the United Arab Emirates, as the crypt company continues to expand its presence in the financial sector of the region.
The company announced on Monday Zand Bank and Fintech Mamo integrate payment rippleIts cross -border platform driven by blockchain.
The announcement is governed by Ripple’s approval at the beginning of this year by the Dubai Financial Services Authority (DFSA), making it the first provider of payments supporting blockchain licensed for operation in the Dubai International Center.
Ripple was cleaned and offered 24/7 Global Payments after the Regulatory victory
The control milestone allows Ripple to offer complete end-to-end payment services, including immediate settlement and transfers of the Fund 24/7.
“The security of our DFSA license allows Ripple to better serve the demand for the inefficiency of traditional cross -border payments, such as high fees, long settlement time and lack of transparency, in one of the largest cross -border payments,” said Reece Merrick, CEO of Ripple, in the Middle East and Africa.
Adding Zand Bank and Mamo signals a shift in how the UAE institution is close to digital financing.
Zand Bank, which has a full banking license, integrates Blockchain and AI into its services.
Chirag Sampat, the bank’s cash register and market market, confirmed that the institution plans to launch Stablecoin supported by AED and further expands the trace of the blockchain in the country.
Within the SAE, the momentum of payments is built.
https://t.co/gfiwxxwfm5
After our DFSA license, zand bank and @Mamopay They are now alive on the salaries of the ripple-crimping cross-border payments on blockchain to one of the world’s best remittance nodes.
– Ripple (@Ripple) May 19, 2025
Mamo, a Dubai company based in Dubai, will also lean into the blockchain to meet the rapidly growing business environment of the country.
IMAD Gharazeddine, CEO, noted that by 2030 it is assumed that SAE will host over a million businesses and emphasized the need for fast and reliable financial services.
“Our Ripple partnership is a big step forward. It allows us to offer us faster and more reliable cross -border payments for businesses and consumers,” Gharazeddine said.
Ripple technology supports 90+ payroll and covers more than 90% of the world’s daily foreign exchange volume.
The company says it has been processing more than 60 licenses and registrations around the world, including regulatory approval in the US, Brazil, Mexico, Australia, Switzerland and now Dubai.
UAE continues to attract crypto
This step comes when UAE continues to stand as a regional blockchain and crypto -financing center, with regulatory clarity attracting main global players.
As stated, a state -supported investment company in Abu Dhabi is set to Make an investment of $ 2 billion into the cryptocurrency of Binance using USD1, Stablecoin developed by World Liberty Financial – a crypto enterprise closely connected with the Trump family.
Experts say UAEs are ready to become The key goal for crypto and stablecoin companies looking for refuge from the newly implemented markets of the European Union (EU) in the regulation of the crypt (SIDA).
The regulatory framework, which was fully carried out on December 30, creates a significant challenge for the company crypto within the 27-member block, which, according to industry experts, has made a lot to consider relocation.
Among his strict requirements, small Stablecoin issuers must organize 30% of their reserves in low -character commercial banks based on the EU, while main players like Tether face a mandate to maintain 60% or more in similar institutions.
Contribution Ripple expands in UAE with two new payment partners He appeared for the first time Cryptonews.
