Ripple has officially entered the water market, associating with Zand Bank and the Fintech Mamo startup to deploy payment services based on blockchain. This marks the first extension of Ripple in the country since he obtained his license from the Dubai Financial Services Authority (DFSA) in March 2025, making it the first provider of blockchain payments authorized to operate in the Dubai financial zone.
With the approval of the DFSA, Ripple can now provide digital asset payment solutions fully in accordance with the region. Its Ripple Payments platform, designed for rapid and low cost cross-border transactions, operates XRP and the new RUSD stablecoin supported by USD de Ripple, to improve liquidity and settlement efficiency. Rlusd is issued by Standard Custody & Trust Company, a Ripple subsidiary, and has already reached $ 312.99 million in circulation.
Zand Bank aims to use Ripple payments to extend its digital asset services and improve international transfers. Mamo, a fintech platform based on water serving individuals and businesses, joins the Ripple network to increase the speed, transparency and affordability of global funds.
The entry of Ripple into the United Arab Emirates aligns with the position of the region as a world center of payments and its clear regulatory position on digital assets. The company currently supports more than 90 payment markets and processes around $ 70 billion in payment volume, positioning itself as a major player in Blockchain compatible finance.
The integration of XRP and RUSD into Ripple payments underlines Ripple’s commitment to compliant and high cross -border cross -border solutions for institutions and consumers. While the adoption of digital assets accelerates in the Middle East, Ripple’s strategic movement signals its growing domination in the blockchain payment space.
