Ripple strengthened its presence in the Emirates region with a major partnership with two local entities.
On May 19, 2025, Blockchain payment company Declare Zand, which is the first digital bank fully licensed in the United Arab Emirates and Mamo, has become the United Arab Emirates, which provides digital payment solutions.
Zand Bank is set to integrate Ripple technology into digital asset services. Moreover, Chirag Sampat, head of the Treasury and Markets at Zand Bank, reiterated that the company is planning to launch AED Stablecooin to facilitate the most smooth transactions in the region.
Meanwhile, Mamo representatives stated that they intend to support international payments, local institutions and consumers through their cooperation with Ripple.
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Carbling of the momentum of payments in the United Arab Emirates. https://t.co/gfiwxxwfm5
After our DFSA license, Zand and mamopay Ripple-which is now being paid to pay the Blockchain border payments always with one of the best conversion centers in the world.
– Ripple (@ripple) May 19, 2025
Ripple, whose license from DFSA in March 2025 can now maneuver the payment process from one to the end of its customers, allowing the global money movement without stopping with the immediate settlement.
“Our DFSA license enables Ripple to better submit the application for solutions for the inaccurate of traditional payments across the border, such as high fees, long settlement times, and a lack of transparency, in one of the largest cross -border payments in the world.”
He added: “Our new partnerships with Zand Bank and Mamo are a testament to the momentum created by the license for our business.”
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MEA financial leaders give Blockchain priority to the cross -border payments
Ripple has seen an increase in demand for payment solutions in the Middle East from the original encoded companies as well as traditional financial institutions. In addition, with the ability to reach the United Arab Emirates market worth $ 400 billion and the transfer sector of $ 40 billion, Reble is scheduled to gain a traction in the region.
It is worth noting that the merging of Ripple into RLUSD (RLUSD) Stablecoin has strengthened the credibility and diversity of the regional payment solution with an increase in greater dependence than Stablecoin.
According to the new Ripple 2025 value a reportAlmost 64 % of leaders in the Middle East and Africa (MEA) views faster payment and settlement as the main engine to integrate Blockchain currency into border transactions.
Interestingly, the latest partnership advertisement in Ripple coincides with the Ripple president, Monica Long, the recent meeting of Ahmed bin Saeed, President of the Emirates Group, at the Fintech 2025 summit in Dubai to explore opportunities to expand the presence of Ripple in the region.
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Main meals
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Ripple can maneuver payment operations from one side to its customers, allowing the global movement of money non -stop with an immediate settlement
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Zand Bank wants to launch a strong stablecooin
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64 % of Mea leaders see faster payments as a Blockchain adoption key in the cross -border transactions
Beyople is acquired in the Middle East: Partners with Bank and Mamo appeared in first place on 99bitcoins.
