Ripple Expands Partnerships To Strengthen Payment Infrastructure In UAE And Africa

By: Eva Baxter

Ripple, a leader in blockchain payment technology, has announced significant partnerships to bolster its footprint across the Middle East and Africa. The firm has partnered with UAE-based Zand Bank and fintech company Mamo to further integrate its XRP cryptocurrency into the region's payment systems, following regulatory approval from the Dubai Financial Services Authority (DFSA).

The integration of Ripple's blockchain infrastructure with Zand Bank aims to enhance the speed, cost efficiency, and transparency of cross-border financial transactions. This partnership not only allows Ripple to serve over 90 global markets with significant daily foreign exchange flows, but it also promises to redefine traditional payment infrastructures in one of the largest cross-border payment hubs globally.

Simultaneously, in Africa, XRP Healthcare—a startup focused on modernizing healthcare using XRP Ledger for tracking and dispensing medications—is preparing to go public on the Canadian stock exchange. Founded by a father-son duo, the healthcare firm operates a digital platform and a chain of pharmacies in Uganda. Their innovative approach combines cryptocurrency infrastructure with artificial intelligence to improve healthcare service delivery in regions where reliable access to medication is not yet a reality.

The UAE and Africa have shown a growing interest in adopting blockchain-powered solutions, driven by a regulatory environment that fosters innovation. This proactive stance is expected to attract more firms to these regions, leading to a transformative impact on various industries. Ripple and its partners are poised to capitalize on these opportunities and lead the charge in revolutionizing payment and healthcare infrastructures across these burgeoning markets.