Ripple Accelerates Crypto Adoption in UAE with Cross-Border Payments
On May 19, 2025, Ripple announced the launch of cross-border blockchain-based payments in the UAE through a partnership with Zand Bank and a fintech company Mamo, which provides digital payment services. This was reported in the official press release from Ripple. The new solution, using Ripple Payments technology, aims to simplify and speed up international transfers in the region.
Details of the deal with Zand Bank and Mamo
Ripple Payments uses blockchain to enable instant settlements, making it an attractive tool for businesses and individuals seeking to minimize delays and costs in international transfers. Mamo, known for its digital payment solutions, will be able to offer its customers new opportunities for global transactions, while Zand Bank will strengthen its position as an innovative bank in the region.
Crypto market context and implications for the UAE
The UAE is leading the adoption of cryptocurrencies, especially in the areas of decentralized finance (DeFi) and stablecoins, according to a 2024 Chainalysis report year The country is actively working to create the digital dirham, its own central bank digital currency (CBDC), underscoring its ambition to become a hub for financial innovation. According to Cointelegraph, the digital dirham is scheduled to launch by the end of 2025 and will be part of a broader strategy to digitalize the economy.
Partnership with Ripple strengthens the UAE’s position as a leader in blockchain technology. In my opinion, the introduction of Ripple Payments could be a catalyst for mass adoption of cryptocurrencies in the region, especially given the high activity in DeFi and stablecoins. However, success will depend on how effectively companies can integrate new solutions into existing financial systems, as well as on regulatory support from the UAE authorities.
News highlights
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Ripple has launched cross-border payments in the UAE through partnerships with Zand Bank and Mamo.
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Ripple Payments technology is used for transactions, providing fast and transparent transfers.
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The launch follows the receipt of a license from the DFSA in March 2025.
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The UAE is leading the adoption of DeFi and stablecoins and plans to launch a digital dirham by the end of 2025.
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