Ripple launches Blockchain payments across the border in the United Arab Emirates

Tamulization, Creator of the Crusher XRP (XrpBlockchain payments were launched across the border in the United Arab Emirates (United Arab Emirates), a development that can stimulate the adoption of the cryptocurrency in a country accepting digital assets.

Zand Bank, the first digital bank in the United Arab Emirates, and Mamo, will be Fintech, which provides a digital payment platform for companies, is the main users of the Blockchain payment system, according to May 19. advertisement.

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Zand Bank and Mamo will use “ripple payments” to facilitate Blockchain payments across the border.

Ripple Payments is a platform that combines Stablecoins, Cryptocurrency and FIAT to enable payments and fast leveling times, which is the Web3 feature that traditional payment systems lack. Ripple was Licensed to provide encryption payments by financial services in Dubai DFSA salad in March.

Rice Merik, Managing Director of Ripple in the Middle East and Africa, said that obtaining this license “enables Ripple to better meet the demand for solutions to traditional money money specialists, such as high fees, long leveling times, and lack of transparency, in one of the largest payments across the world.”

Related to: Ripple, CHPPER Cash partner of the fastest and cheapest African transfers

The United Arab Emirates occupied 56 out of 151 countries to adopt encryption

Chainalysis, which is Blockchain data platform, ranked 56 out of 151 countries to adopt encryption, According to To the 2024 report. The country was high in decentralized financing, stablecoin use, and cookies.

The United Arab Emirates made some changes that may increase its classification. The various Emirates, including Abu Dhabi and Dubai, tried to establish themselves as encrypted centers.

In December 2024, Tether’s Usdt (USDT)) It became one of the virtual assets accepted in Abu Dhabi. In 2025, Circle’s USDC (USDC) And EURC The first stablecoins became recognized Under the emirate encryption symbol system.

Also country Continuous plans to create a digital dirhamWhich will be a digital currency for the Central Bank.

On May 19, the regulatory authority of the virtual assets in Dubai (VARA) I announced more supervision of encryption asset activitiesSpecifically margin trading and distinctive symbol distribution. There will be a 30 -day transitional period, and the affected companies are expected to comply with the new rules by June 19.

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