Ripple’s UAE Debut: Two More Clients & Global Domination, Obviously

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So, Ripple is at it again, spreading its blockchain goodness across the UAE. Yes, the same Ripple that’s been busy making moves with the Dubai Financial Services Authority (DFSA). As if the world didn’t have enough crypto chaos, Ripple has now added Zand Bank and Mamo to its ever-growing list of fans. These two financial powerhouses are now offering Ripple’s fancy blockchain-powered international payment solutions. 💰💸

With the shiny new DFSA license in hand, Ripple can now wave its magic blockchain wand and oversee everything, from crypto to fintech, for its clients. Zand Bank and Mamo can now move money faster than your last attempt at paying rent on time — transactions completed in minutes, not days. ⏱️🎉

Gone are the days of delayed payments and complicated systems. Ripple’s making it look easy, processing payments with all the grace of a cat landing on its feet. 🐱💨

Reece Merrick, the Managing Director for Ripple in the Middle East and Africa, couldn’t contain his excitement, saying, “Our new partnerships are basically a big stamp of approval from the DFSA. This is Ripple’s way of telling the world, ‘Hey, we’re here to fix cross-border payments. We’re bringing you lower fees, faster transactions, and more transparency.’ You know, the usual magic trick we do.” ✨💼

Oh, and let’s not forget the UAE’s love affair with cryptocurrencies. The country is basically rolling out the red carpet for Ripple and other crypto ventures. Thanks, UAE! 🙌🏽💎

Chirag Sampat, Zand Bank’s Head of Treasury and Markets, also joined the party, revealing their plan to launch an AED-backed stablecoin. Because who doesn’t love a stablecoin, right? This is all part of making transactions even smoother in an ever-evolving digital economy. We see you, Chirag. 👀💡

Ripple’s Global Takeover

But wait, it gets better! Ripple isn’t just limiting its blockchain-powered wizardry to the UAE. Nope, it’s already working with firms across at least 90 markets. We’re talking the U.S., Mexico, Switzerland, Brazil, and Australia. Ripple is basically the globe-trotting superhero of payments. 🌍🦸‍♂️

Earlier this year, Ripple made a cameo in Portugal by partnering with Unicambio. This move helps Unicambio’s institutional clients save on costs and avoid the headache of slow, costly payments. Portugal, you’re welcome. 🇵🇹💸

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2025-05-19 21:44