The company recently partnered up with two new partners in the UAE, Zand Bank and Mamo... The bank also plans to launch a stablecoin tied to the UAE dirham (AED) to embrace blockchain more deeply....
Blockchain payment platform Ripple has announced that leading UAE financial platforms Zand Bank and Mamo Pay have adopted Ripple Payment, its blockchain-powered payment solution, to improve cross-border payments....
Ripple said it signed on two new UAE-based customers, Zand Bank and Mamo, as it expands Ripple Payments, the firm’s blockchain-based cross-border payments platform, in the region ... Zand Bank said the partnership aligns with its push toward digital finance ... their UAE operations....
Zand Bank and Mamo are the initial financial institutions to adopt Ripple Payments’ blockchain-enabled cross-border solutions in the region ... Ripple leverages its Dubai license to onboard Zand Bank and Mamo as its first blockchain payment clients in the UAE....
... of services that meet the requirements of the digital age,” explaining that, “The UAEbanks are already employing blockchain, artificial intelligence, data analysis and cloud computing, which allow them to provide better services with effective management of their operations.”....
The UAE’s financial and regulatory bodies, such as the UAECentralBank, have been instrumental in ensuring that blockchain technologies are seamlessly integrated into existing financial infrastructure, laying the groundwork for future innovations in digital banking and transactions ... via UAEBlockchainMarket Poised for Rapid Expansion by 2030 .......
