Ripple has expanded its presence in the United Arab Emirates by onboarding Zand Bank and Mamo as its first blockchain payments clients in the region
Ripple has expanded its presence in the United Arab Emirates by onboarding Zand Bank and Mamo as its first blockchain payments clients in the region. This development follows Ripple securing regulatory approval from the Dubai Financial Services Authority (DFSA). Both Zand Bank and Mamo will utilize Ripple Payments, a blockchain-powered cross-border payment solution designed to reduce costs and provide continuous availability. The UAE is recognized as one of the world’s top remittance hubs, making this expansion a strategic move for Ripple’s growth in the Middle East.
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Source: https://thedefiant.io/news/blockchains/ripple-expands-uae-presence-zand-bank-mamo-after-dfsa-approval-blockchain-82279c07