PANews reported on May 19th that according to Ripple's official website, Ripple has announced a partnership with Zand Bank and Mamo in the UAE, with both parties set to integrate Ripple's blockchain-based cross-border payment solution. This marks Ripple's first significant local expansion since obtaining a payment license from the Dubai Financial Services Authority (DFSA) in March this year. Through this system, customers can achieve 24/7 cross-border payments and settlements, significantly improving efficiency and reducing costs. Zand Bank also plans to launch a stablecoin pegged to AED to enhance local digital payment capabilities. Ripple stated that its payment network now covers over 90 markets, with a cumulative processing volume exceeding $70 billion.
Ripple announces partnership with UAE’s Zand Bank and Mamo
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
