Ripple Taps UAE Market with Blockchain Payment Rollout
Ripple has kicked off a new phase of its global expansion by introducing blockchain-based payment solutions in the United Arab Emirates, a region increasingly embracing digital assets.
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built to streamline cross-border transactions using a blend of crypto, stablecoins, and fiat, is designed to tackle outdated banking infrastructure known for slow settlements and high fees.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.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
