Ripple Expands in UAE with Two New Payment Partnerships

Ripple Labs is strengthening its presence in the Middle East as it expands into the United Arab Emirates (UAE). The company has inked deals with two key financial institutions, Zand Bank and Mamo, to integrate Ripple’s blockchain payment network into their systems. This move comes as part of Ripple’s strategy to utilize its license obtained from the Dubai Financial Services Authority (DFSA), enabling faster and more efficient cross-border payments within the region.