Ripple has made a significant move by partnering with Zand Bank and Mamo to enhance cross-border payments in the UAE, marking a strategic expansion into the region.

The integration of Ripple's technology is expected to enhance the utility and demand for XRP, setting a precedent for other cryptocurrencies in remittance and B2B payments.

Currently, 20% of Ripple's global client base is from the Middle East, underscoring the region's importance in its growth strategy.

This initiative is part of Ripple's broader goal to establish the UAE as a key operational hub, building on its presence since opening a regional office in the Dubai International Financial Centre (DIFC) in 2020.

With the recent acquisition of a license from the Dubai Financial Services Authority (DFSA), Ripple is now authorized to provide regulated blockchain-based payment services within the DIFC, becoming the first such service provider recognized by the DFSA.

As Ripple expands its operations, XRP's price has faced downward pressure due to ongoing legal issues, recently trading at $2.3 after a 4.4% decline over the past week.

On May 19, 2025, Dubai's Virtual Assets Regulatory Authority announced new regulations for crypto activities, including margin trading and token distribution, with a compliance deadline set for June 19, 2025.

Despite ongoing legal challenges with the SEC, Ripple's regulatory compliance remains robust, enabling effective engagement with institutions in a complex compliance landscape.

The new solution enables 24/7/365 fund transfers globally, significantly reducing settlement times and improving transaction efficiency for payments in and out of the UAE.

Both Ripple and its partners aim to tackle traditional payment challenges, such as high fees and delays, with 64% of financial leaders in the Middle East and Africa emphasizing the need for faster payment systems.

Ripple has processed over $70 billion in global payment volume and holds more than 60 regulatory licenses worldwide, reinforcing its position as a trusted partner for financial institutions.