The post Ripple Strengthens UAE Presence With New Partnerships appeared on BitcoinEthereumNews.com.

Ripple partners: Blockchain payment platform Ripple has announced that leading UAE financial platforms Zand Bank and Mamo Pay have adopted Ripple Payment, its blockchain-powered payment solution, to improve cross-border payments. Why’s New Partnership Is Important for Ripple? Ripple shared the announcement in a blog post on Monday, May 19. The partnership comes shortly after Ripple became the first blockchain-powered payment solution to receive a license from the Dubai Financial Services Authority (DFSA). The license allows the payment infrastructure provider to tap into market opportunities in the Middle East, as well as operate legally in the region. Source: X Interestingly, the new license and partnerships with Zand Bank and Mamo Pay allow Ripple to provide round-the-clock payment services and handle payment processes on behalf of its customers in the UAE.  Additionally, thanks to these local partners, Ripple says settlement time will be reduced to a few minutes, making it easier to move funds to and from the UAE.Furthermore, partnering with Zand Bank and Mamo gives Ripple a stronger foothold in Dubai’s fast-evolving digital economy. These two platforms already have a solid presence in the UAE, making them natural allies for Ripple’s regional expansion.  Notably, Zand Bank holds the record of being Dubai’s first fully licensed digital bank. The platform already serves as a bridge between TradFi and DeFi in the UAE, making it a good partner for Ripple’s solutions.MamoPay, on the other hand, is already an established Dubai-based fintech that is making payments easier for businesses and individuals. UAE Displays Huge Market Potential The UAE currently plays a key role in the Middle East’s crypto space. Cities like Dubai are actively pushing crypto-friendly policies and launching innovation hubs. The country has attracted several crypto startups and global platforms looking to scale. Additionally, crypto exchanges like Binance and OKX already have licenses…

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Filed under: News - @ May 19, 2025 2:20 pm