Ripple Expands Presence in the Gulf Through Partnership with Bahrain’s Fintech Bay

[cryptoliud]

 

 

Ripple has entered into a new partnership with Bahrain’s Fintech Bay (BFB), marking another step in its effort to strengthen its presence in the Gulf region. The collaboration is expected to open more opportunities for digital asset innovation and enhance the region’s payment systems.

 

Through this partnership, Ripple aims to promote the use of its technology, including payments powered by RLUSD, across financial institutions and businesses in the Gulf. This move aligns with the growing interest in blockchain-based solutions for faster, more secure, and cost-effective transactions in the Middle East. It also highlights Bahrain’s ongoing role as a hub for fintech development and innovation in the region.

[herrmannelig]

Interesting to see Bahrain pushing more digital asset and payments infrastructure partnerships.

What I keep noticing in the region is that whenever blockchain or cross-border payment rails expand, the demand for solid KYC and onboarding solutions also jumps. A lot of fintech hubs in the Gulf rely on external digital ID tools to handle multi-country users.

I’ve been following some country breakdowns from VOVE ID recently and it’s surprising how different the compliance landscape looks across GCC compared to Africa or West Africa https://blog.voveid.com/. Partnerships like Ripple + BFB usually trigger a wave of fintechs upgrading their onboarding stack too.