20 May | Other

Ripple integrates XRP into UAE banks' payment systems

Ripple integrates XRP into UAE banks' payment systems

Ripple Labs has partnered with Zand Bank and Mamo Bank in the United Arab Emirates (UAE) to integrate the XRP cryptocurrency into their payment systems and facilitate cross-border transactions.

This development follows Ripple receiving a license from the Dubai Financial Services Authority (DFSA). As commented by the representative of the organization, this certification will enable the cryptocurrency company to address the shortcomings of traditional cross-border payments, such as high fees, lengthy settlements, and a lack of transparency.

According to CoinMarketCap, the collaboration involves key players in the UAE financial industry. Ripple's blockchain-based solutions use XRP for quick settlements and currency conversions. The mentioned agreements strengthen the company's position in the Middle East.

CoinMarketCap states that Ripple's successful partnership with banks in the Emirates may contribute to the wider adoption of XRP in the financial sector and influence global trends in the cryptocurrency market.

Anton Volkov MarketCheese
Period: 20.08.2025 Expectation: 800 pips
NVIDIA stocks to keep rising within steady ascending channel
Today at 11:57 AM 32
Period: 20.08.2025 Expectation: 850 pips
USDCAD ready to roll back after US inflation data release
Today at 11:00 AM 37
Period: 19.08.2025 Expectation: 1000 pips
EURUSD returning to 1.178 and half-year trend
Today at 10:38 AM 37
Period: 30.11.2025 Expectation: 10000 pips
ETHUSD sees hike and impending fall to broken resistance
Today at 06:37 AM 24
Gold buy
Period: 20.08.2025 Expectation: 1000 pips
Gold aims to break out of $3,355–$3,360 resistance zone
Today at 06:02 AM 39
Period: 19.08.2025 Expectation: 340 pips
Buying AUDUSD with 0.65280 target amid pullback to support
Yesterday at 11:31 AM 50
Go to forecasts