Blockchain: Ripple Secures UAE License

Ripple Expands Blockchain Payments in UAE with Zand and Mamo

• Ripple has launched its services in the UAE, partnering with Zand Bank and Mamo.
• This expansion follows Ripple’s recent regulatory approval in the region.
• The integration enables real-time blockchain-powered payments.
• Zand Bank and Mamo are Ripple’s first customers in the UAE.
• The announcement was made on May 19.

Ripple’s entry into the UAE market, marked by partnerships with Zand Bank and Mamo, comes shortly after obtaining crucial regulatory approval, facilitating real-time blockchain payments as of May 19.