Ripple‘s UAE Adventure: Two Banks Save the Day or Just Pay the Bills?

In the quiet, dusty corners of the financial world, Ripple—poor fellow, so eager—has decided to expand its modest empire in the land of desert and dreams. They’ve found two new clients, Zand Bank and Mamo—names that sound like characters from a farce—perhaps to lend a touch of seriousness to their blockchain antics. 🤔

Previously blessed with the noble title of the first blockchain-enabled payments provider licensed by the venerable Dubai Financial Services Authority (DFSA), Ripple now boldly claims to be bringing blockchain magic to the region’s tired, overworked financial sector. It’s as if the technology, like a teenager eager for attention, has finally found its audience—though whether they understand it or just enjoy the spectacle is another matter entirely. 😅

So here they are, these two banks, stepping into the future with the cautious optimism of someone who’s just realized they’ve signed up for a journey to the moon. Or maybe just to a more digital version of downtown. All that’s missing is the grand parade, and perhaps a few more confused bankers trying to understand “blockchains” before their coffee gets cold. 😂

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2025-05-19 10:24