Ripple announces partnership with Zand Bank and Mamo
According to online reports, according to official sources, Ripple announced today (May 19, 2025) that as the institution to obtain the first blockchain payment license from the Dubai Financial Services Authority (DFSA), it has reached a cooperation with Zand Bank and Mamo in the United Arab Emirates to provide blockchain-driven cross-border payment solutions. This cooperation will enable round-the-clock capital flow, shorten payment settlement time to a few minutes, and significantly improve the efficiency of financial transactions in the United Arab Emirates. Zand Bank also plans to launch AE-backed stablecoins to further promote the development of the digital economy
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