Ripple Expands UAE Reach: $70B Blockchain Network Adds Zand Bank & Mamo in Bold Move

May 20, 2025 08:00 am Cryptocurrency 194

Key Takeaways:

Ripple secures Zand Bank and Mamo as first UAE clients for its blockchain-based cross-border payments solution.

$70+ billion in volume processed globally via Ripple Payments, now licensed by DFSA in Dubai.

UAE strengthens role as crypto payments hub, with Ripple offering real-time settlement and AED-backed stablecoin integration.

Ripple has intensified its global push into the Middle East with a major announcement: two new institutional partners—Zand Bank and Mamo—are now live on Ripple’s blockchain-enabled payment rails in the UAE. This follows the company’s licensing by Dubai’s top financial regulator and signals deeper crypto-finance integration in one of the world’s busiest payment corridors.