Ripple Extends Reach in UAE with Zand Bank and Mamo Partnerships

Ripple is deepening its presence in the United Arab Emirates (UAE) through strategic partnerships. The company secured a DFSA license, allowing it to operate within Dubai’s financial hub, further enhancing its influence on the region’s digital asset landscape. Zand Bank, a UAE-based digital institution, will leverage Ripple’s technology to enhance its payment systems, including a new AED-backed stablecoin. This move positions Zand Bank as a frontrunner in digital currency innovation. **Mamo**, another partner, is benefiting from Ripple’s network for secure cross-border payments. The partnership aligns with global digital transformation trends and expands the possibilities of payment solutions within the region. Ripple’s expanded presence is driving market movement**; short-term fluctuations in XRP prices were observed following news of the partnerships, though overall market sentiment reflects a positive outlook for the company.

Copyright © 2025 xpool.eu