Ripple Partners: Blockchain Payment Platform Ripple has announced that the leading UAE Financial platform Zand Bank and Mamo Pay have adopted their blockchain-managed payment solutions, ripple payments, to improve border payments.
Why is the new partnership important for Ripple?
Ripple shared the announcement Blog PoseT Monday, May 19. Shortly after the first blockchain of the Ripon, there is a partnership-Operated payment solution Get a license from Dubai Financial Services Authority (DFSA), The license payment allows the infrastructure provider to tap in market opportunities in the Middle East as well as operate in the area.
Interestingly, new license and participation with Zand Bank and Mamo Pay allows Ripple to provide round-the-clock payment services and handle the payment processes on behalf of their customers in UAE.
Additionally, thanks to these local partners, Ripple says that the settlement time will be reduced by a few minutes, making it easier to transfer money from the UAE.
In addition, partnership with Zand Bank and Mamo allows Ripple to establish a strong leg in Dubai’s rapidly developing digital economy. These two platforms already have a solid appearance in the United Arab Emirates, making them a natural ally for the regional expansion of the ripple.
In particular, the Zand Bank holds the record of being the first fully licensed digital bank of Dubai. The platform already serves as a bridge between Tradfi and Defi in the United Arab Emirates, making it a good partner for the resolution of the ripple.
On the other hand, Mammope, already an established Dubai-based Fintech is making payment easier for businesses and individuals.
UAE displays heavy market capacity
The UAE currently plays an important role in the Crypto location of the Middle East. Cities like Dubai are actively advancing crypto-friendly policies and launching innovation hubs. The country has attracted many crypto startups and global platforms that are looking at the scale.
moreover, Crypto exchange Already like binance and okx There are licenses to work in DubaiThank you for the measures of thinking ahead. Dubai had already started a crypto-friendly campaign such as Dubai Crypto Center.
Interestingly, Crypto is growing not only at a corporate level in the Middle East; Local people are showing strong interest in investing in the market. Recently an Etoro report found that 37% of retail investors have planned to increase their crypto holdings in 2025. This figure is a remarkable leap of 42% compared to last year.
Meanwhile, the latest of Ripple New price reportTea suggests that cross -border payment is an important factor behind the development of digital assets in the UAE.
Ripple continues global expansion
The expansion of the ripple is not limited to the UAE or the Middle East; The payment provider is scaling globally. Ripple also has a strong market appearance in countries like America, Switzerland, Australia and Brazil.
Additionally, Report pay, platform payment solution, is near global coverage. Ripple Pay currently covers more than 90+ payout markets. In addition, the processed volume in Ripple exceeds $ 70 billion, making it an important player in cross -border payments.
Ripple growth is supported by a strong compliance infrastructure. The payment platform has more than 60 registrations and licenses globally. This enables it to serve both traditional institutions such as banks and crypto-keval businesses.
In addition, the blockchain-powered platform incorporates everything from tokens to real-time disposal. This versatility makes a good choice for both traditional and crypto businesses.
To increase the demand for cross -border payment
Meanwhile, payment platforms are expected to play a major role in adopting crypto in the coming years. Crypto experts estimate that the border payment will be a major springboard to adopt blockchain.
Reports suggest that the UAE, for example, will have more than a million businesses by 2030. This growth will create a strong demand for reliable global transactions.
Disclaimer: The material may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
