Ripple expands in the Kingdom of Bahrain thanks to the new strategic partnership with Bahrain Fintech Bay, the leading fintech incubator and ecosystem builder. The goal of the partnership is to work jointly in the sectors of blockchain, cross-border payments, digital assets, stablecoins, and tokenization.
Ripple in Bahrain: the new partnership with the country’s leading fintech incubator
Ripple thus makes its entry into the Kingdom of Bahrain, thanks to the new strategic partnership with Bahrain Fintech Bay.
A move that will see Ripple at the center stage in the country, given that Bahrain Fintech Bay (BFB) is the leading fintech incubator and ecosystem builder. Moreover, BFB collaborates with government entities and other parties to further accelerate the development and adoption of blockchain technology and digital assets in Bahrain.
Currently, the agreement stipulates that the two companies will work together to find new solutions in areas such as blockchain technology, cross-border payments, digital assets, stablecoins, and tokenization.
Through future pilot projects, Ripple and the BFB will be able to develop new proofs of concept. Not only that, together they can also conduct knowledge initiatives through educational collaborations and acceleration programs.
In this regard, Reece Merrick, CEO of Ripple for the Middle East and Africa, said:
“The Kingdom of Bahrain was one of the first to adopt blockchain technology and was one of the first jurisdictions in the world to regulate crypto-assets. We at Ripple look forward to collaborating with Bahrain Fintech Bay to continue laying the groundwork for a thriving local blockchain sector and ultimately to offer our digital asset custody solution and the Ripple USD stablecoin (RLUSD) to financial institutions in Bahrain.”
Ripple: the expansion in Bahrain to strengthen its presence in the Middle East
The recent news of Ripple landing in Bahrain is a sign that the crypto company is strengthening its presence in the Middle East.
In fact, just last March 2025, Ripple had announced that it had obtained its regulatory license in Dubai.
Exactly, the crypto company would have become the first authorized blockchain payment provider in the Dubai International Finance Centre (DIFC).
This license was obtained directly from the Dubai Financial Services Authority (DFSA), which has unlocked cross-border crypto payments, thus becoming fully regulated in the United Arab Emirates (UAE).
XRP overtaken from its third position
While Ripple becomes available with collaborations in the Middle East, its crypto XRP seems to be experiencing a moment of penalization.
In fact, the historically third crypto by market capitalization was yesterday overtaken by BNB and the famous stablecoin Tether (USDT).
At the time of writing, XRP is in fifth place in the overall ranking, with a total market cap of 167 billion dollars. BNB and Tether, on the other hand, have a market cap tied at 178 billion dollars.
Speaking of the crypto price, however, XRP is now worth $2.80, in a dump of 6.2% compared to seven days ago.
On the contrary, BNB is experiencing a pump of 23% compared to last week, rising to $1,275.
BNB seems to be riding its absolute bullish momentum, reaching its all-time highs. At the time of writing, in fact, the ATH of BNB is over $1310, reached on October 8, 2025.