UAE Exchange is owned by Travelex billionaire Bavaguthu Shetty. The aim is to use Ripple's blockchain technology in payments systems.
UAE Exchange CEO Promoth Manghat:
"The early adoption of this game-changing technology allows us to offer a competitive service, as it will have an impact on the speed and cost of cross-border transactions."
Not a whole lot of detail (timings etc.), but god news for Ripple
