Ripple Bolsters International Payments with Partnership with UAE’s Zand Bank and Mamo

Ripple has formed strategic partnerships with UAE-based banks Zand Bank and Mamo, marking these entities as the first customers to adopt Ripple Payment’s blockchain-powered cross-border payment solutions. Zand Bank is poised to launch a stablecoin pegged to the UAE Dirham (AED), while Mamo aims to simplify global transactions. Ripple’s progress in this area was further solidified earlier this year with the DFSA’s approval, allowing them to operate as a blockchain payment provider within Dubai Financial Services Authority.