Mars Finance News: Ripple, the parent company of cryptocurrency XRP, has launched a cross-border blockchain payment service in the United Arab Emirates (UAE). Zand Bank, the UAE's first pure digital bank, and financial technology company Mamo will become the main users of this payment system, utilizing the Ripple Payments platform to combine stablecoins, cryptocurrencies, and fiat currencies for payments and achieve rapid settlement. Ripple has previously obtained a crypto payment license from the Dubai Financial Services Authority (DFSA). The UAE ranks high in cryptocurrency adoption and is actively developing into a crypto center, with multiple stablecoins already recognized and plans to launch a digital dirham. (Cointelegraph)
Ripple launches cross-border blockchain payment service in UAE
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