{"id":27422,"date":"2025-05-19T08:31:56","date_gmt":"2025-05-19T08:31:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27422"},"modified":"2025-05-19T08:31:56","modified_gmt":"2025-05-19T08:31:56","slug":"ripple-signs-two-more-payment-system-customers-in-uae-expansion","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27422","title":{"rendered":"Ripple Signs Two More Payment System Customers in UAE Expansion"},"content":{"rendered":"<div>\n<p>Ripple said it signed on two new UAE-based customers, Zand Bank and Mamo, as it expands Ripple Payments, the firm\u2019s blockchain-based cross-border payments platform, in the region.<\/p>\n<p>The agreements follow Ripple securing a license from the Dubai Financial Services Authority (DFSA) in March, allowing it to manage global payments end-to-end for banks, fintechs and crypto firms.<\/p>\n<p>\u201cSecuring our DFSA license enables Ripple to better serve the demand for solutions to the inefficiencies of traditional cross-border payments,\u201d Reece Merrick, managing director for Middle East and Africa at Ripple, <a href=\"https:\/\/ripple.com\/ripple-press\/zand-bank-and-mamo-newest-ripple-payments-customers-in-uae\/\">said in a Monday release<\/a>.<\/p>\n<p>Zand Bank said the partnership aligns with its push toward digital finance. \u201cWe are excited to soon launch an AED-backed stablecoin,\u201d said Chirag Sampat, head of treasury and markets.<\/p>\n<p>Imad Gharazeddine, CEO and co-founder of Mamo, said using Ripple\u2019s services allows the company to offer \u201cfaster and more reliable cross-border payments\u201d for both businesses and consumers looking to scale their UAE operations.<\/p>\n<p>Ripple Payments currently operates in over 90 payout markets and has processed more than $70 billion in volume globally. The platform is available in Dubai, the U.S., Brazil, Mexico, Australia and Switzerland.<\/p>\n<p>Ripple uses a global network of payout partners and blockchain infrastructure to move money in minutes. In some cases, it also uses its native digital asset, XRP, as a bridge currency through its On-Demand Liquidity (ODL) service, allowing clients to instantly convert one fiat currency to another using the token.<\/p>\n<p>XRP prices are down 3.5% in the past 24 hours amid a broader market slump. The CoinDesk 20 Index has dropped 3.4%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple said it signed on two new UAE-based customers, Zand Bank and Mamo, as it expands Ripple Payments, the firm\u2019s blockchain-based cross-border payments platform, in the region. The agreements follow Ripple securing a license from the Dubai Financial Services Authority (DFSA) in March, allowing it to manage global payments end-to-end for banks, fintechs and crypto [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27422","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27422"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27422\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}