Ripple is growing its presence in the Middle East. The company recently partnered up with two new partners in the UAE, Zand Bank and Mamo. This is just months after getting its license from the Dubai Financial Services Authority (DFSA) in March. These partnerships will help Ripple push to play a bigger role in the region’s cross-border payments space. Ripple Expands in UAE With New Local Partnerships Now that it holds a DFSA license, the company is focusing on this growth through Ripple Payments. This platform is designed to deliver quick, low-cost international transfers using blockchain. Zand Bank, which is a digital-first financial institution, will use Ripple’s technology to upgrade its payments system. The bank also plans to launch a stablecoin tied to the UAE dirham (AED) to embrace blockchain more deeply. UAE fintech startup Mamo is also tapping Ripple’s system to make cross-border payments faster and more dependable. “We… Read More at Coingape.com
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