Market Cap
24h Vol
10071
Cryptocurrencies
58.26%
Bitcoin Share

Attention XRP Community: Ripple Announces New Partnership with Middle East Giant!

Attention XRP Community: Ripple Announces New Partnership with Middle East Giant!


BitcoinSistemi
2025-10-09 15:25:09
Attention XRP Community: Ripple Announces New Partnership with Middle East Giant!

While partnership news continues to come in the cryptocurrency market, the latest news came from Ripple (XRP). Ripple has announced a formal partnership with Bahrain FinTech Bay as it accelerates its entry into the Middle East, according to Coindesk. Accordingly, Ripple announced a strategic partnership with Bahrain Fintech Bay (BFB), Bahrain's largest fintech hub. Under the agreement, Ripple plans to collaborate in various key areas in the country, including blockchain technology, cross-border payments, digital assets, stablecoins, and tokenization. This partnership is seen as a continuation of Ripple’s expansion into the Middle East after receiving authorization from the Dubai Financial Services Authority (DFSA) in Dubai earlier this year, making it the first blockchain-based payments provider to achieve this milestone. “Bahrain is an early adopter of blockchain technology and one of the first countries in the world to implement virtual asset regulation. Ripple will work with FinTech Bay to strengthen the foundations of the local blockchain sector and ultimately deliver digital asset custody and RLUSD stablecoin solutions to financial institutions,” said Reece Merrick, General Manager of Ripple Middle East and Africa. Merrick stated that Ripple aims to offer its digital asset custody services and Ripple USD (RLUSD) stablecoin to Bahraini financial institutions in the near future. Ripple recently announced that it has secured over 60 regulatory licenses and registrations worldwide. It added that the latest collaboration aims to make Bahrain a “regulation-friendly blockchain hub” for the Gulf region. Next up → the Kingdom of Bahrain. We're expanding our presence in the Middle East through a partnership with Bahrain @FinTechBay : https://t.co/6ygStbtPPv Building on our Dubai regulatory license, this move reinforces our commitment to the MENA region. Together, we'll… — Ripple (@Ripple) October 9, 2025 *This is not investment advice. Continue Reading: Attention XRP Community: Ripple Announces New Partnership with Middle East Giant!

Most Read News

Related News


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.