XRP News Today: Bahrain Leverages Ripple Partnership to Cement Fintech Leadership

Generado por agente de IACoin World
viernes, 10 de octubre de 2025, 11:27 pm ET1 min de lectura
XRP--

Ripple, a leading provider of digital asset infrastructure, has expanded its presence in the Kingdom of Bahrain through a strategic partnership with Bahrain Fintech Bay (BFB), the region's prominent fintech incubator. The collaboration aims to advance blockchain adoption, cross-border payment solutions, and the integration of Ripple's stablecoin, RLUSD, into Bahrain's financial ecosystem. This move builds on Ripple's recent Dubai Financial Services Authority (DFSA) license and positions the company to offer its digital asset custody solutions and RLUSD to Bahrain's financial institutions Ripple[1].

The partnership focuses on co-developing pilot projects, educational programs, and ecosystem events to promote blockchain applications in cross-border payments, asset tokenization, and stablecoin systems. Ripple and BFB will also explore opportunities to showcase solutions aligned with Bahrain's regulatory framework, including the Central Bank of Bahrain's (CBB) July 2025 licensing regime for stablecoin issuers. Under this framework, licensed entities may issue single-currency stablecoins pegged to the U.S. dollar or Bahraini dinar Cointelegraph[3].

RLUSD, Ripple's U.S. dollar-backed stablecoin, is central to the partnership. The asset is designed to streamline cross-border transactions and provide financial institutions with a stable medium for on-chain settlements. Ripple's Managing Director for the Middle East and Africa, Reece Merrick, emphasized that the collaboration will help Bahrain's financial sector leverage "secure and compliant digital asset infrastructure" to enhance efficiency and reduce costs Coindesk[2]. BFB's Chief Operating Officer, Suzy Al Zeerah, noted that the partnership aligns with Bahrain's vision to become a regional fintech leader by bridging global innovation with local expertise Coincentral[4].

Ripple's expansion into Bahrain underscores the country's early adoption of blockchain technology. The Kingdom was among the first globally to regulate cryptoassets and has positioned itself as a hub for fintech innovation. The partnership also reflects Ripple's broader strategy to strengthen its footprint in regulated markets, following its DFSA license in March 2025. The company holds over 60 regulatory licenses worldwide, enabling it to provide infrastructure for institutions seeking to store, exchange, and move digital assets Ripple[1].

The collaboration includes participation in regional events such as Fintech Forward 2025, where Ripple will engage with banks, regulators, and fintech leaders to discuss digital finance trends. This aligns with Bahrain's efforts to foster dialogue between international blockchain experts and local stakeholders, potentially accelerating the adoption of compliant blockchain solutions The Bit Journal[6].

Ripple's RLUSD has already gained traction in other markets, including Africa, where it partners with entities like Chipper Cash and Yellow Card to facilitate stablecoin-based payments. The stablecoin's integration into Bahrain's financial ecosystem could further solidify its role as a settlement tool in remittance-heavy markets, leveraging XRP's on-demand liquidity technology to reduce transaction costs .

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