Ripple receives regulatory approval from Dubai and announces blockchain payment partnership with Zand Bank and Mamo

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MarsBit
05-19
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According to official sources, Ripple announced today (May 19, 2025) that as the first institution to obtain a blockchain payment license from the Dubai Financial Services Authority (DFSA), it has reached a cooperation with Zand Bank and Mamo in the UAE to provide blockchain-driven cross-border payment solutions. This partnership will enable round-the-clock fund flow, reducing payment settlement time to a few minutes and significantly improving financial transaction efficiency in the UAE. Zand Bank also plans to launch a stablecoin backed by AED, further promoting the development of the digital economy.

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