The Future of Ripple!

🌍 Ripple is entering the Emirates with new partners

Ripple has signed agreements with two new clients in the UAE — Zand Bank and fintech company Mamo. This is part of the strategy to expand the Ripple Payments platform in the region.

The deal became possible after Ripple obtained a DFSA license (Dubai's financial regulator) in March, allowing it to officially manage global payments for banks, fintechs, and crypto companies.

Zand Bank announced the launch of a stablecoin pegged to the UAE dirham. Mamo uses Ripple to accelerate and scale cross-border transfers towards B2B and retail.

Currently, Ripple Payments operates in over 90 countries and has processed over $70 billion. In some cases, the company uses XRP as an intermediary asset to instantly convert fiat currencies through On-Demand Liquidity.