Ripple Taps UAE Market with Blockchain Payment Rollout

The rollout involves partnerships with Zand Bank and fintech firm Mamo, both set to integrate Ripple’s platform for international transfers.

The service, built to streamline cross-border transactions using a blend of crypto, stablecoins, and fiat, is designed to tackle outdated banking infrastructure known for slow settlements and high fees.

Backed by a Dubai Financial Services Authority license secured in March, Ripple now operates with regulatory approval in one of the Middle East’s most dynamic financial centers.

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This move comes as the UAE continues to climb the global crypto adoption ranks. While not at the top of the list, the country has recently embraced several stablecoins—like USDC, EURC, and USDT—as part of its broader digital asset push.

Authorities are also progressing toward a central bank digital currency and tightening rules around trading and token issuance, with new guidelines from Dubai’s Virtual Assets Regulatory Authority taking effect in June.

Ripple’s presence in the UAE adds another layer to the region’s bid to become a global crypto hub—and reflects the growing demand for fast, borderless payment systems in emerging financial markets.

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