🌍 Ripple Expands in UAE with Zand Bank & Mamo Partnerships 💸🇦🇪

🚀 Ripple just signed two new customers — Zand Bank and Mamo — as part of its growing presence in the Middle East, following its March licensing from Dubai’s DFSA.

Here’s what’s happening:

✅ Ripple Payments now powering cross-border payments for Zand & Mamo

🏦 DFSA License allows Ripple to manage end-to-end global payments for banks & fintechs

🌐 Operates in 90+ markets, processed $70B+ in global volume

⚡ Uses XRP as a bridge currency in some transactions via On-Demand Liquidity (ODL)

💬 “This license helps solve inefficiencies in legacy payment systems,” says Ripple's MENA MD.

Zand Bank also plans to launch an AED-backed stablecoin, and Mamo sees Ripple as key to scalable, fast, and reliable remittances.

📉 Meanwhile, XRP is down 3.5% in the last 24 hours amid broader market weakness (CoinDesk 20 -3.4%).

💡 Ripple’s push in the UAE reinforces Dubai’s growing role as a crypto and fintech innovation hub.

#Ripple #XRP #UAE #Dubai #CrossBorderPayments