{"id":27549,"date":"2025-05-19T19:01:52","date_gmt":"2025-05-19T19:01:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27549"},"modified":"2025-05-19T19:01:52","modified_gmt":"2025-05-19T19:01:52","slug":"ripple-gains-momentum-in-the-middle-east-partners-with-zand-bank-and-mamo","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27549","title":{"rendered":"Ripple Gains Momentum in the Middle East: Partners with Zand Bank and Mamo"},"content":{"rendered":"<div>\n<p>Ripple has strengthened its presence in the UAE region with a major partnership involving two local entities.<\/p>\n<p>On 19 May 2025, the blockchain payment firm <a href=\"https:\/\/ripple.com\/ripple-press\/zand-bank-and-mamo-newest-ripple-payments-customers-in-uae\/\" target=\"_blank\" rel=\"nofollow\">announced<\/a> that Zand Bank, the UAE\u2019s first fully licensed all-digital bank, and Mamo, a UAE-based fintech company that provides digital payment solutions, have become its first clients to adopt Ripple Payments post the company receiving its regulatory license from the Dubai Financial Services Authority (DFSA).<\/p>\n<p>Zand Bank is set to incorporate Ripple\u2019s technology into its digital asset services. Furthermore, Chirag Sampat, Head of Treasury and Markets at Zand Bank, iterated that the company plans to launch an AED-backed stablecoin to facilitate smoother transactions in the region.<\/p>\n<p>Meanwhile, representatives of Mamo stated that they intend to support international payments, local enterprises and consumers via their collaboration with Ripple.<\/p>\n<p><strong>Explore:\u00a0<\/strong><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" rel=\"\">Top 20 Cryptos to Buy in May 2025<\/a><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ripple Payments momentum is building in the UAE. <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f1e6-1f1ea.png\" alt=\"\ud83c\udde6\ud83c\uddea\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/gFiwxXWfM5\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/gFiwxXWfM5<\/a><\/p>\n<p>Following our DFSA license, Zand Bank and <a href=\"https:\/\/twitter.com\/MamoPay?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@MamoPay<\/a> are now live on Ripple Payments\u2014bringing always-on, blockchain-powered cross-border payments to one of the world\u2019s top remittance hubs.<\/p>\n<p>\u2014 Ripple (@Ripple) <a href=\"https:\/\/twitter.com\/Ripple\/status\/1924345525622435881?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 19, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Ripple, which received its license from the DFSA in March 2025, can now manoeuvre the end-to-end payment process for its clients, allowing global movement of funds ceaselessly along with instant settlement.<\/p>\n<p>\u201cSecuring our DFSA license enables Ripple to better serve the demand for solutions to the inefficiencies of traditional cross-border payments, such as high fees, long settlement times, and lack of transparency, in one of the world\u2019s largest cross-border payments hubs,\u201d said Reece Merrick, Managing Director, Middle East and Africa, at Ripple.<\/p>\n<p>He added, \u201cOur new partnerships with Zand Bank and Mamo are testament to the momentum that the license has created for our business.\u201d<\/p>\n<p><strong>Explore:\u00a0<\/strong><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" rel=\"\">20+ Next Crypto to Explode in 2025<\/a><\/p>\n<h2><strong>MEA Finance Leaders Prioritise Blockchain for Faster Cross-Border Payments<\/strong><\/h2>\n<p>Ripple has witnessed an increased demand for its payment solutions in the Middle East from crypto-native firms as well as traditional financial institutions. Additionally, with access to the UAE\u2019s $400 billion market and $40 billion remittance sector, Ripple is set to further gain traction in the region.<\/p>\n<p>Notably, Ripple\u2019s integration of its Ripple USD (RLUSD) stablecoin has enhanced the credibility and versatility of its inter-regional payment solution while also driving greater adoption of the stablecoin.<\/p>\n<p>According to Ripple\u2019s 2025 New Value <a href=\"https:\/\/ripple.com\/lp\/2025-new-value-report-payments\/\" target=\"_blank\" rel=\"nofollow\">report<\/a>, approximately 64% of the leaders in the Middle East and Africa (MEA) region view faster payment and settlement times as the primary driver for incorporating blockchain-based currencies into cross-border transactions.<\/p>\n<p>Interestingly, Ripple\u2019s latest partnership announcement coincides with Ripple\u2019s President, Monica Long, recently meeting Ahmed bin Saeed, Chairman of the Emirates Group, at the 2025 Fintech Summit in Dubai to explore opportunities to expand Ripple\u2019s presence in the region.<\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" rel=\"\">9+ Best High-Risk, High-Reward Crypto to Buy in May 2025<\/a><\/p>\n<h2>Explore Best Crypto to Buy!<\/h2>\n<p>To get started, simply visit the\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/goto\/btcbulltoken?transfer=1\" target=\"_blank\" rel=\"nofollow noopener sponsored\">BTC Bull Token website<\/a>\u00a0and purchase BTCBULL using ETH, USDT, or even a bank card\u2014it\u2019s accessible no matter how you\u2019re set up.<\/p>\n<p>Newly purchased tokens can also be staked through BTC Bull Token\u2019s staking protocol, which currently offers a 69% annual percentage yield (APY).<\/p>\n<p>For the smoothest experience, use the only multi-chain wallet fully integrated with BTC Bull Token\u2019s milestone reward system:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/goto\/bestwallet-presale?transfer=1\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best Wallet<\/a>. Holding BTCBULL in Best Wallet ensures automated Bitcoin airdrops are delivered directly, with full visibility of your rewards even before the token launches.<\/p>\n<p>There are fewer than 36 hours before the BTC Bull presale moves onto its next price stage. It is currently available for $0.00252, but once that timer runs out, this price will be lost forever.<\/p>\n<p>Best Wallet is available now on\u00a0<a class=\"general-link\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.bestwallet.mobile&amp;hl=en_US\" target=\"_blank\" rel=\"nofollow noopener sponsored nofollow nofollow\">Google Play<\/a>\u00a0or the<a class=\"general-link\" href=\"https:\/\/apps.apple.com\/ph\/app\/best-wallet-buy-sell-crypto\/id6451312105\" target=\"_blank\" rel=\"nofollow noopener sponsored nofollow nofollow\">\u00a0Apple App Store<\/a>.<\/p>\n<p>Stay connected with the BTC Bull Token community on\u00a0<a class=\"general-link\" href=\"https:\/\/x.com\/BTCBULL_TOKEN\" target=\"_blank\" rel=\"noopener nofollow\">X<\/a>\u00a0and\u00a0<a class=\"general-link\" href=\"https:\/\/t.me\/BTC_Bull_Token\" target=\"_blank\" rel=\"noopener nofollow\">Telegram<\/a>\u00a0for presale updates, milestone alerts, and reward drops.<\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/goto\/btcbulltoken?transfer=1\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Visit BTC Bull Token<\/a><\/strong><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"noopener\">Best Meme Coin ICOs to Invest in May 2025<\/a><\/strong><\/p>\n<p><strong><a class=\"editor-rtfLink\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Ripple can manoeuvre end-to-end payment processes for its clients, allowing global movement of funds ceaselessly along with instant settlement    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Zand Bank wants to launch an AED-backed stablecoin    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        64% of MEA leaders see faster payments as key to blockchain adoption in cross-border transactions    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/ripple-gains-momentum-in-the-middle-east-partners-with-zand-bank-and-mamo\/\">Ripple Gains Momentum in the Middle East: Partners with Zand Bank and Mamo<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple has strengthened its presence in the UAE region with a major partnership involving two local entities. On 19 May 2025, the blockchain payment firm announced that Zand Bank, the UAE\u2019s first fully licensed all-digital bank, and Mamo, a UAE-based fintech company that provides digital payment solutions, have become its first clients to adopt Ripple [&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-27549","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\/27549","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=27549"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27549\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}