{"id":42664,"date":"2025-05-19T17:30:02","date_gmt":"2025-05-19T14:30:02","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=42664"},"modified":"2025-05-20T11:15:17","modified_gmt":"2025-05-20T08:15:17","slug":"ripple-launches-in-uae-with-zand-bank-and-mamo-after-dfsa-license","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ripple-launches-in-uae-with-zand-bank-and-mamo-after-dfsa-license\/","title":{"rendered":"Ripple Launches in UAE With Zand Bank and Mamo After DFSA License"},"content":{"rendered":"<p class=\"\" data-start=\"2723\" data-end=\"2955\"><strong data-start=\"2723\" data-end=\"2733\">Ripple<\/strong> has announced its first UAE-based clients \u2014 <strong data-start=\"2778\" data-end=\"2791\">Zand Bank<\/strong> and <strong data-start=\"2796\" data-end=\"2804\">Mamo<\/strong> \u2014 following the company\u2019s recent licensing by the <strong data-start=\"2855\" data-end=\"2900\">Dubai Financial Services Authority (DFSA)<\/strong>, marking a key milestone in its Middle East expansion.<\/p>\n<p class=\"\" data-start=\"2957\" data-end=\"3192\">Despite this positive development, <strong data-start=\"2992\" data-end=\"3030\">XRP fell nearly 6% on May 19, 2025<\/strong>, trading below $2.30 amid broader market volatility. Bitcoin briefly touched $106,000 before pulling back, triggering a wave of selling across the crypto sector.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ripple-launches-in-uae-with-zand-bank-and-mamo-after-dfsa-license\/#UAE_Partnerships_Highlight_Ripples_Strategic_Vision\" title=\"UAE Partnerships Highlight Ripple\u2019s Strategic Vision\">UAE Partnerships Highlight Ripple\u2019s Strategic Vision<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ripple-launches-in-uae-with-zand-bank-and-mamo-after-dfsa-license\/#Ripple_Payments_Expanding_Global_Footprint\" title=\"Ripple Payments: Expanding Global Footprint\">Ripple Payments: Expanding Global Footprint<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"3194\" data-end=\"3250\"><span class=\"ez-toc-section\" id=\"UAE_Partnerships_Highlight_Ripples_Strategic_Vision\"><\/span>UAE Partnerships Highlight Ripple\u2019s Strategic Vision<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"3252\" data-end=\"3587\"><strong>Ripple<\/strong>\u2019s DFSA license, granted in March 2025, allows it to offer end-to-end payment services in the UAE \u2014 a significant regulatory achievement. <strong data-start=\"3396\" data-end=\"3413\">Reece Merrick<\/strong>, Managing Director for Middle East and Africa, said: <em>\u201cThe DFSA license enables Ripple to solve cross-border payment inefficiencies in one of the world\u2019s top financial hubs.\u201d<\/em><\/p>\n<hr \/>\n<p data-start=\"3589\" data-end=\"3808\"><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p class=\"\" data-start=\"3589\" data-end=\"3808\"><strong data-start=\"3589\" data-end=\"3602\">Zand Bank<\/strong>, one of the UAE\u2019s fully licensed digital banks, will integrate Ripple\u2019s blockchain to launch an <strong data-start=\"3699\" data-end=\"3724\">AED-backed stablecoin<\/strong>, supporting efficient and transparent digital asset transactions across the region.<\/p>\n<p class=\"\" data-start=\"3810\" data-end=\"4082\">Meanwhile, <strong data-start=\"3821\" data-end=\"3829\">Mamo<\/strong>, a fintech firm focused on small businesses and consumers, will use Ripple\u2019s platform to provide <strong data-start=\"3927\" data-end=\"3977\">faster and more reliable cross-border payments<\/strong>. CEO <strong data-start=\"3983\" data-end=\"4004\">Imad Gharazeddine<\/strong> emphasized the importance of innovation in scaling their services in the UAE.<\/p>\n<h2 data-start=\"4084\" data-end=\"4131\"><span class=\"ez-toc-section\" id=\"Ripple_Payments_Expanding_Global_Footprint\"><\/span>Ripple Payments: Expanding Global Footprint<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"4133\" data-end=\"4421\">Ripple Payments now operates in <strong data-start=\"4165\" data-end=\"4191\">over 90 payout markets<\/strong> and has processed more than <strong data-start=\"4220\" data-end=\"4264\">$70 billion in global transaction volume<\/strong>. In some cases, it utilizes <strong data-start=\"4293\" data-end=\"4321\">XRP as a bridge currency<\/strong> through its On-Demand Liquidity (ODL) service, allowing instant conversion between fiat currencies.<\/p>\n<p class=\"\" data-start=\"4423\" data-end=\"4606\">With <strong data-start=\"4428\" data-end=\"4492\">more than 60 regulatory licenses and registrations worldwide<\/strong>, Ripple is positioned as a leader in tokenization, digital asset custody, exchange, and global movement of value.<\/p>\n<p class=\"\" data-start=\"4608\" data-end=\"4845\">According to Ripple\u2019s <strong data-start=\"4630\" data-end=\"4655\">2025 New Value Report<\/strong>, 64% of financial leaders in the Middle East and Africa see faster settlement as the primary benefit of blockchain in cross-border payments \u2014 a trend Ripple is now actively capitalizing on.<\/p>\n<hr \/>\n<p data-start=\"4608\" data-end=\"4845\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple has announced its first UAE-based clients \u2014 Zand Bank and Mamo \u2014 following the company\u2019s recent licensing by the Dubai Financial Services Authority (DFSA), marking a key milestone in its Middle East expansion. Despite this positive development, XRP fell nearly 6% on May 19, 2025, trading below $2.30 amid broader market volatility. Bitcoin briefly<\/p>\n","protected":false},"author":28,"featured_media":39886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[16064,847,13486,16067,509,16063,16062,16065,16060,16061,488,16066,506,507],"class_list":["post-42664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-blockchain-payment-systems","tag-crypto-news","tag-digital-banking","tag-middle-east-crypto-news","tag-ripple","tag-ripple-dfsa-license","tag-ripple-mamo","tag-ripple-partnerships","tag-ripple-uae","tag-ripple-zand-bank","tag-stablecoin","tag-uae-crypto-regulations","tag-xrp","tag-xrp-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple Launches in UAE With Zand Bank and Mamo After DFSA License - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ripple-launches-in-uae-with-zand-bank-and-mamo-after-dfsa-license\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Launches in UAE With Zand Bank and Mamo After DFSA License - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Ripple has announced its first UAE-based clients \u2014 Zand Bank and Mamo \u2014 following the company\u2019s recent licensing by the Dubai Financial Services Authority (DFSA), marking a key milestone in its Middle East expansion. Despite this positive development, XRP fell nearly 6% on May 19, 2025, trading below $2.30 amid broader market volatility. Bitcoin briefly\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/ripple-launches-in-uae-with-zand-bank-and-mamo-after-dfsa-license\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-19T14:30:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-20T08:15:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/ripple-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Yigit Taha OZTURK\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yigit Taha OZTURK\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/ripple-launches-in-uae-with-zand-bank-and-mamo-after-dfsa-license\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/ripple-launches-in-uae-with-zand-bank-and-mamo-after-dfsa-license\/\",\"name\":\"Ripple Launches in UAE With Zand Bank and Mamo After DFSA License - 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