$XRP 📢 Ripple accelerates its global expansion with new partners in the United Arab Emirates
Ripple continues to strengthen its international presence by incorporating Zand Bank and Mamo as new partners in the United Arab Emirates (UAE). This collaboration comes after obtaining the license from the Dubai Financial Services Authority (DFSA) in March, allowing Ripple to offer blockchain-based cross-border payment services in the region.
Zand Bank, the first digital bank in the UAE, and Mamo, a fintech focused on payment solutions, will use the Ripple Payments platform to facilitate faster and more efficient international transfers. This platform combines stablecoins, cryptocurrencies, and fiat currencies to optimize payment processes.
Additionally, Ripple Payments already operates in over 90 markets and has processed more than $70 billion in global transactions, using XRP as a bridge currency in certain operations.
🔗 What does this mean for the crypto ecosystem?
Ripple's expansion in the UAE reinforces institutional adoption of blockchain solutions in key markets. With the integration of Zand Bank and Mamo, greater efficiency in international payments is expected, benefiting both businesses and consumers.
📈 And what about the price of XRP?
Despite a recent market correction, some analysts predict that XRP could reach $10 by the end of 2025, driven by the growing demand and utility of the Ripple network.