UAE Greenlights Ripple for Regional Blockchain Payment Growth

Ripple has secured a major win in the UAE, integrating its blockchain-based payments platform with Zand Bank and fintech firm Mamo just months after becoming the first blockchain payments provider licensed by the Dubai Financial Services Authority.

With this license, Ripple can now offer real-time, 24/7 cross-border transactions that settle in minutes, dramatically improving speed and efficiency. Backed by regulatory clarity, Ripple is expanding across the Middle East, with Zand planning an AED-backed stablecoin and Mamo highlighting faster, more reliable payments for users. Ripple Payments now spans 90+ markets and has processed over $70 billion globally.

Clever Robot News Desk 20^th May 2025