Ripple partners: Blockchain payment platform Ripple has announced that leading UAE financial platforms Zand Bank and Mamo Pay have adopted Ripple Payment, its blockchain-powered payment solution, to improve cross-border payments. Why’s New Partnership Is Important for Ripple? Ripple shared the announcement in a blog post on Monday, May 19. The partnership comes shortly after Ripple became the first blockchain-powered payment solution to receive a license from the Dubai Financial Services Authority (DFSA). The license allows the payment infrastructure provider to tap into market opportunities in the Middle East, as well as operate legally in the region. Source: X Interestingly, the new license and partnerships with Zand Bank and Mamo Pay allow Ripple to provide round-the-clock payment services and handle payment processes on behalf of its customers in the UAE. Additionally, thanks to these local partners, Ripple says settlement time will be reduced to a few minutes, making it easier to… Read More at Coingape.com
The post Ripple Strengthens UAE Presence With New Partnerships appeared first on CoinGape.