Why did UAE Exchange join RippleNet for cross-border payments?

Company-reported Published October 7, 2026 1 min read

UAE Exchange announced a partnership with Ripple to enable instant, real-time cross-border payments, joining RippleNet and becoming the largest payment solutions provider in the Middle East to use Ripple’s blockchain technology, per Ripple’s press release.

The full answer

What did Ripple state?

On February 10, 2018, Ripple stated the following. UAE Exchange announced a partnership with Ripple to enable instant, real-time cross-border payments, joining RippleNet and becoming the largest payment solutions provider in the Middle East to use Ripple’s blockchain technology, per Ripple’s press release. [1]

The source’s own words: “UAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, announced it has partnered with San Francisco-based Ripple to enable instant, seamless and real-time cross-border payments.” [1]

Where does this fit on the site?

For the wider picture, see How is Ripple’s partnership with Jeonbuk Bank changing cross-border payments in Korea? and Is using XRP for cross-border payments actually cheaper?. Two related questions are How big is the cross-border payments market XRP competes for? and Who does XRP actually compete with in cross-border payments?

What we know

UAE Exchange announced a partnership with Ripple to enable instant, real-time cross-border payments, joining RippleNet and becoming the largest payment solutions provider in the Middle East to use Ripple’s blockchain technology, per Ripple’s press release (Ripple, February 10, 2018).

In plain English

Sources

Ripple press release (ripple.com) — Ripple, 2018-02-10 Primary

Update log

October 7, 2026 — Published.

I keep this site free, with no ads, paywall or affiliate links; gifts cover hosting and research time. Support the project, or report an error.