XRP Adoption Expands as Ripple Teams Up With UAE Banks

XRP is gaining greater global relevance as Ripple successfully partners with leading financial entities in the United Arab Emirates (UAE) to strengthen the region’s payment infrastructure. This latest development marks a significant step toward modernizing cross-border transactions across the Middle East by integrating Ripple’s blockchain technology into traditional banking systems.

Ripple recently announced strategic alliances with Zand Bank and the fintech platform Mamo. Through these collaborations, both institutions will now incorporate Ripple’s blockchain architecture into their payment frameworks, leveraging XRP to deliver faster, cheaper, and more transparent international money transfers. These partnerships came on the heels of Ripple obtaining regulatory approval from the Dubai Financial Services Authority (DFSA), reinforcing Ripple’s commitment to expanding its operations within highly regulated environments.

This move positions Ripple at the center of one of the world’s most critical financial corridors, helping address long-standing inefficiencies in cross-border payments such as excessive fees and lengthy processing times. According to Ripple, its payment network currently spans over 90 markets and processes more than $70 billion in transactions annually, reflecting the increasing reliance on its robust infrastructure across the financial ecosystem.

One of the highlights of this collaboration is Zand Bank’s development of an AED-backed stablecoin, a move designed to expedite settlements and further enhance the efficiency of Ripple-enabled transactions in a region that is rapidly digitizing. Mamo, a popular UAE-based fintech company, will also benefit from streamlined payment processes made possible through RippleNet.

Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, emphasized that the license from Dubai regulators equips the company to tackle the systemic issues in regional payment systems. Among these are high remittance costs, settlement delays, and lack of clarity across banking channels — all of which Ripple aims to resolve through its blockchain solutions. Merrick highlighted that these latest integrations underscore Ripple’s momentum in transforming how money moves between borders in the UAE and beyond.

The broader Middle Eastern market, particularly the UAE, has shown a growing interest in blockchain technology for financial innovation. Ripple’s internal research indicates that 64% of financial decision-makers in the region consider transaction speed to be the top reason for embracing digital asset-based solutions. This aligns closely with Ripple’s value proposition, which focuses on real-time settlement functionality supported by XRP.

As regulators in the UAE continue to adopt innovative policies that encourage crypto adoption, Ripple positions itself as a key player in a jurisdiction that’s already making headlines for its forward-thinking stance. Merrick lauded the regulatory openness as one of the region’s biggest strengths, enabling firms like Ripple to explore new opportunities and deliver transformative products at scale.

Mamo’s CEO and co-founder Imad Gharazeddine shared similar optimism, citing the UAE’s progressive business landscape as a magnet for innovation and growth. Gharazeddine noted that the country is on track to become home to over one million businesses by the end of the decade—a trajectory that could evolve further with the support of decentralized technologies like XRP and Ripple’s blockchain platform.

These developments underscore Ripple’s expanding presence in the Middle East and its strategy to embed digital assets into mainstream financial systems. As the regulatory framework continues to evolve favorably in regions like the UAE, Ripple and XRP are poised to shape the next generation of global payments infrastructure.

Related: Expert Advice: Sell XRP If You’re Confused

For more specific details on XRP’s trajectory or Ripple’s global partnerships, readers can reference firms such as Ripple, Zand Bank and Mamo newest Ripple customers in UAE from Ripple Press, and other strategic updates regarding XRP payments in healthcare.