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Ripple Gains Momentum in the Middle East: Partners with Zand Bank and Mamo

  • Ripple has partnered with Zand Bank and Mamo in the UAE, marking a significant move in the Middle East region.
  • Zand Bank plans to incorporate Ripple's technology for digital asset services and launch an AED-backed stablecoin.
  • Ripple received a regulatory license from the Dubai Financial Services Authority (DFSA), enabling smoother cross-border payments and instant settlement.
  • With increased demand for its solutions in the Middle East, Ripple aims to strengthen its presence in the $400 billion market and $40 billion remittance sector.

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