🤯 Ripple's UAE Takeover: You Won't Believe What's Next!

Right, so, Ripple. A name that sounds suspiciously like something you’d find in a pond, but is, in fact, a global company dabbling in the arcane arts of blockchain-based financial services. They’ve decided the United Arab Emirates (UAE) could do with a bit more… rippling. 🤔

Ripple, having charmed the Dubai Financial Services Authority (DFSA), has secured a license. To do what, you ask? Expand blockchain payments, naturally. One can only assume this involves a lot of flashing lights and chanting.

Zand Bank, not to be confused with the stuff you find on beaches, is launching an AED-backed stablecoin. Because, you know, regular money just isn’t confusing enough. They’re using Ripple’s technology, which probably involves a complex algorithm and a healthy dose of luck.

Mamo, which sounds like a friendly dinosaur, is partnering with Ripple to simplify cross-border payments. Because apparently, sending money from one country to another is still far too straightforward.

The plan, as far as anyone can tell, is to make sending and receiving payments between these countries less like wrestling a greased badger and more like… well, a slightly less complicated greased badger. This momentous news was, of course, shared via Ripple’s official X account. Because where else would you announce such earth-shattering developments? 🤷‍♂️

Zand Bank to Launch AED-Backed Stablecoin Using Ripple

Ripple Payments, apparently, transfers cash “safely and fast” through the use of blockchain. It’s so safe and fast, it’s practically daring you to blink. Financial firms can now transfer and receive money automatically, any time, year-round. Because who needs sleep when you can move money around? 😴

In March 2025, Ripple was “given” permission by the DFSA to expand in the UAE. One can only imagine the paperwork involved. As a result of this license, Ripple is now acknowledged as a blockchain payments service in Dubai. So, you know, official and everything. 📜

After receiving the license, Ripple announced agreements with Zand Bank and Mamo. These two companies have apparently “adopted” Ripple’s payment solution, like it’s some sort of stray puppy. The leaders of Ripple mentioned that being licensed by the DFSA has “greatly contributed” to their expansion. Which is corporate speak for “we couldn’t have done it without them.” 🗣️

Zand Bank, a modern digital bank (because who needs bricks and mortar these days?), is planning to create a stablecoin tied to the AED. Because why not? According to Zand Bank, using Ripple will assist them in introducing new technology in finance and helping the country work towards its digital economy aims. One suspects this involves a whiteboard and several strongly-worded memos. 📝

Ripple Expands Reach with 60+ Licenses and $70B Transactions

Mamo is also partnering with Ripple to enhance its payment services locally. Mamo is designed to simplify cross-border payments for everyone, whether you are an individual or a business. Because apparently, everyone needs simpler cross-border payments. 🌍

Mamo’s co-founder commented that, with the UAE planning to have over a million businesses by 2030, companies like Mamo must provide secure and quick payment systems. He stated that working with Ripple will support them in reaching their objectives. Which, presumably, involves world domination. Or at least, slightly faster money transfers. 😈

Ripple has been part of the financial technology industry for more than 10 years. It currently has more than 60 licenses in different countries. The company reports that it deals with over $70 billion in payments and offers services in over 90 different countries. As well as the United States, Brazil, Mexico, Australia, and Switzerland, the UAE is now joining this list. 🎉

Recently, Ripple released a report displaying that numerous leaders in the financial industry in the Middle East and Africa have expressed interest in adopting blockchain technology. On the other hand, a majority said that speed is the biggest factor driving them to consider blockchain for sending cross-border funds. Because in the modern world, nobody has time to wait for their money. ⏳

Overall, these developments indicate that Ripple is committed to increasing its presence in the United Arab Emirates. The help of both banks and fintech firms in the area allows Ripple to aim for faster, cheaper, and more secure payments between Qatar and the world. Or at least, that’s the plan. Whether it actually works is another matter entirely. 🤷

2025-05-19 20:21

🤯 Ripple’s UAE Takeover: You Won’t Believe What’s Next!

Zand Bank to Launch AED-Backed Stablecoin Using Ripple

Ripple Expands Reach with 60+ Licenses and $70B Transactions

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