Ripple has obtained regulatory approval in Dubai and announced a blockchain payment partnership with Zand Bank and Mamo.

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According to Mars Finance news, Ripple announced today (May 19, 2025) that it has partnered with Zand Bank and Mamo in the UAE as the first institution to obtain a blockchain payment license from the Dubai Financial Services Authority ( DFSA ). This partnership will provide blockchain-driven cross-border payment solutions, enabling round-the-clock fund flow and reducing payment settlement time to just a few minutes, significantly improving the efficiency of financial transactions in the UAE. Zand Bank also plans to launch a stablecoin supported by AED to further promote the development of the digital economy.

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