TechFlow news, May 19 — According to an official announcement today (May 19, 2025), Ripple has announced its collaboration with UAE-based Zand Bank and Mamo, following its receipt of the first blockchain payments license from the Dubai Financial Services Authority (DFSA). Ripple will provide a blockchain-powered cross-border payment solution, enabling 24/7 fund transfers and reducing settlement times to minutes, significantly enhancing financial transaction efficiency in the UAE. Zand Bank also plans to launch an AED-pegged stablecoin to further promote digital economic development.
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