Ripple Payments. Ripple is well known for its XRP cryptocurrency but it especially offers A payment solution for companies. Last March, Ripple also obtained a new license from the Dubai Financial Services Authority (DFSA) which allows him to manage cross -border payments on behalf of banks and other companies. And Brad Garlinghouse’s company has just announced that two new partnerships with companies based in the United Arab Emirates had just been signed.
- Ripple recently obtained a license from the Dubai Financial Services Authority to manage cross -border payments.
- The company has concluded significant partnerships with Zand Bank and Mamo in the United Arab Emirates, thus strengthening its regional presence.
Brad Garlinghouse is associated with Zand Bank and Mamo
Monday, May 19, Ripple A therefore announcement Having concluded two new partnerships with companies based in the United Arab Emirates. The company will collaborate with Zand Banka digital bank based on Dubai Who declared that this partnership was part of its strategy to promote digital finance. The bank also predicts to launch a stablecoin back to Dirham Émirati (AED) soon.
In parallel, Ripple also signed a partnership with Mamoa digital payment platform. Thanks to this partnership, Mamo will be able to offer faster and more reliable cross -border payments for companies and consumers who seek to develop their activities United Arab Emirates.
Ripple Payments: a cross -border payment solution
These partnerships are part of the expansion of Ripple Paymentsthe cross -border payment platform based on the Ripple blockchain. Currently operational in more than 90 payment markets, Ripple Payments has already treaty More than $ 70 billion in global volume and the platform is available in Dubai, the United States, Brazil, Mexico, Australia and Switzerland.
Ripple uses a global p networkPayments and a Blockchain infrastructure To transfer money in a few minutes. In some cases, the system also uses its native digital asset, XRP, as a bridge token via its service On-Demand Liquidity (ODL), allowing customers to convert instantly A fiduciary currency in another using the token.
Brad Garlinghouse’s company continues its global expansion by associating with partners well established in local economies or by squarely buying certain structures. This was the case with credit broker Hidden Road, Acquired for $ 1.25 billion last month.