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🚩 Is the Era of Ripple Coming? Banks Are Already Updating for the Transition
$XRP
In recent years, #Ripple and its cryptocurrency #XRP have established themselves as the most efficient alternative for international payments, challenging SWIFT's decades-long dominance. Although SWIFT is still widely used, the truth is that banks have already begun to prepare for the transition - and Ripple is at the center of this change.
With contracts being signed and the updating of banking infrastructures already underway, the adoption of RippleNet is happening before our eyes. The transition to a new global financial model may be closer than many think.
In recent years, #Ripple and its cryptocurrency #XRP have established themselves as the most efficient alternative for international payments, challenging SWIFT's decades-long dominance. Although SWIFT is still widely used, the truth is that banks have already begun to prepare for the transition - and Ripple is at the center of this change.
With contracts being signed and the updating of banking infrastructures already underway, the adoption of RippleNet is happening before our eyes. The transition to a new global financial model may be closer than many think.
Ripple secures regulatory approval from the Dubai Financial Services Authority
#Ripple receives regulatory approval from the Dubai Financial Services Authority #DFSA to provide regulated crypto payment services in the Dubai International Finance Centre. This approval paves the way for fully regulated cross-border crypto payments in the UAE, enabling faster, more affordable, and transparent transactions in a $40B market.
Ripple is a blockchain-based digital payment network and protocol that uses the #XRPLedger blockchain and $XRP . Ripple provides cross-border payment and crypto liquidity services to businesses.
👉 x.com/Ripple/status/1900049647239934345
#Ripple receives regulatory approval from the Dubai Financial Services Authority #DFSA to provide regulated crypto payment services in the Dubai International Finance Centre. This approval paves the way for fully regulated cross-border crypto payments in the UAE, enabling faster, more affordable, and transparent transactions in a $40B market.
Ripple is a blockchain-based digital payment network and protocol that uses the #XRPLedger blockchain and $XRP . Ripple provides cross-border payment and crypto liquidity services to businesses.
👉 x.com/Ripple/status/1900049647239934345
USDC & EURC Get DFSA Recognition!✅
#Circle ’s $USDC & EURC are now the first #stablecoins officially recognized by the Dubai Financial Services Authority (#DFSA ).🎉
📌What this means:
🔹Regulated firms in DIFC can now integrate USDC & EURC into payments, trading & financial services.
🔹Strengthens Circle’s compliance track record after MiCA (EU) & Canada’s new listing rules.
A major milestone for stablecoins & global #CryptoAdoption !🌍🚀
#Circle ’s $USDC & EURC are now the first #stablecoins officially recognized by the Dubai Financial Services Authority (#DFSA ).🎉
📌What this means:
🔹Regulated firms in DIFC can now integrate USDC & EURC into payments, trading & financial services.
🔹Strengthens Circle’s compliance track record after MiCA (EU) & Canada’s new listing rules.
A major milestone for stablecoins & global #CryptoAdoption !🌍🚀
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Ripple Receives Full Regulatory Approval from the Dubai Financial Services Authority: Details
Ripple has received full approval from the Dubai Financial Services Authority (DFSA) to provide blockchain payment solutions, making it the first provider of its kind in the Dubai International Financial Centre (DIFC).
This license allows the company to benefit from the $40 billion cross-border payments market in the UAE.
This step comes after Ripple received preliminary approval in October 2024, enhancing its regional presence, with the Middle East representing 20% of its customer base.
XRP has also received approval from the DFSA, joining Bitcoin, Ethereum, and Litecoin among the approved assets.
The Middle East and North Africa accounted for 7.5% of global cryptocurrency transactions, according to Chainalysis, reflecting the growing role of the UAE as a major digital hub.
Ripple's global regulatory approvals have surpassed 60 approvals, including from Singapore and New York.
At the same time, Ripple is still facing a legal battle with the U.S. SEC, which insists on classifying XRP as an unregistered security.
Despite its partial victory in 2023, the company was imposed a financial penalty of $125 million.
Analysts believe that leadership changes at the SEC may open the door for a more favorable resolution for the company.
#difc
#DFSA
#xrp
#Ripple
$XRP
Ripple has received full approval from the Dubai Financial Services Authority (DFSA) to provide blockchain payment solutions, making it the first provider of its kind in the Dubai International Financial Centre (DIFC).
This license allows the company to benefit from the $40 billion cross-border payments market in the UAE.
This step comes after Ripple received preliminary approval in October 2024, enhancing its regional presence, with the Middle East representing 20% of its customer base.
XRP has also received approval from the DFSA, joining Bitcoin, Ethereum, and Litecoin among the approved assets.
The Middle East and North Africa accounted for 7.5% of global cryptocurrency transactions, according to Chainalysis, reflecting the growing role of the UAE as a major digital hub.
Ripple's global regulatory approvals have surpassed 60 approvals, including from Singapore and New York.
At the same time, Ripple is still facing a legal battle with the U.S. SEC, which insists on classifying XRP as an unregistered security.
Despite its partial victory in 2023, the company was imposed a financial penalty of $125 million.
Analysts believe that leadership changes at the SEC may open the door for a more favorable resolution for the company.
#difc
#DFSA
#xrp
#Ripple
$XRP
#USDC
Dubai: Emirates NBD’s Liv Bank Launches Crypto Services via Liv X App
Liv, the first and largest digital bank of Emirates NBD in the UAE, has introduced cryptocurrency services through its Liv X app. This new offering allows customers to buy, hold, and sell cryptocurrencies seamlessly.
The initiative is made possible through collaborations with Aquanow, a global virtual asset service provider regulated by VARA, and Zodia Custody, which will handle the custody of digital assets.
A Step Towards Innovation in Crypto Services
Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, commented on the launch:
"We are excited to introduce cryptocurrency services on Liv X in collaboration with Aquanow, providing customers with a secure and convenient way to buy, sell, and trade digital assets. With the UAE leading in crypto adoption, this initiative aligns with Liv’s vision of innovation and excellence."
Dubai’s Growing Crypto Ecosystem and the Crypto Tower Project
Liv’s crypto expansion follows Dubai’s announcement of the Crypto Tower, a 17-story skyscraper set to be completed by 2027. This ambitious project aims to establish Dubai as a global digital finance hub, featuring coworking spaces, research labs, conference areas, and educational facilities dedicated to blockchain and fintech.
As Dubai strengthens its position as a blockchain capital, Liv’s move to offer crypto services reflects a broader strategy of embracing digital assets while ensuring secure and regulated transactions for users.
Recognition of Stablecoins USDC and EURC in Dubai
In parallel, Circle, the issuer of stablecoins USD Coin (USDC) and EURC, has received regulatory recognition from the Dubai Financial Services Authority (DFSA). This approval enables financial institutions and fintech firms operating in the Dubai International Financial Centre (DIFC) to integrate these stablecoins into payments, treasury management, and other financial services.
With these developments, Dubai continues to position itself as a leader in the global digital asset landscape, fostering innovation and trust in the cryptocurrency sector.
#USDC✅ #EURC #DFSA #DIFC
Liv, the first and largest digital bank of Emirates NBD in the UAE, has introduced cryptocurrency services through its Liv X app. This new offering allows customers to buy, hold, and sell cryptocurrencies seamlessly.
The initiative is made possible through collaborations with Aquanow, a global virtual asset service provider regulated by VARA, and Zodia Custody, which will handle the custody of digital assets.
A Step Towards Innovation in Crypto Services
Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, commented on the launch:
"We are excited to introduce cryptocurrency services on Liv X in collaboration with Aquanow, providing customers with a secure and convenient way to buy, sell, and trade digital assets. With the UAE leading in crypto adoption, this initiative aligns with Liv’s vision of innovation and excellence."
Dubai’s Growing Crypto Ecosystem and the Crypto Tower Project
Liv’s crypto expansion follows Dubai’s announcement of the Crypto Tower, a 17-story skyscraper set to be completed by 2027. This ambitious project aims to establish Dubai as a global digital finance hub, featuring coworking spaces, research labs, conference areas, and educational facilities dedicated to blockchain and fintech.
As Dubai strengthens its position as a blockchain capital, Liv’s move to offer crypto services reflects a broader strategy of embracing digital assets while ensuring secure and regulated transactions for users.
Recognition of Stablecoins USDC and EURC in Dubai
In parallel, Circle, the issuer of stablecoins USD Coin (USDC) and EURC, has received regulatory recognition from the Dubai Financial Services Authority (DFSA). This approval enables financial institutions and fintech firms operating in the Dubai International Financial Centre (DIFC) to integrate these stablecoins into payments, treasury management, and other financial services.
With these developments, Dubai continues to position itself as a leader in the global digital asset landscape, fostering innovation and trust in the cryptocurrency sector.
#USDC✅ #EURC #DFSA #DIFC
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Ripple "Lights the Green" in Dubai: A Major Move in the $40 Billion Payment Market
A New Step Forward for Ripple in the Middle East
Ripple has officially received approval from the Dubai Financial Services Authority (DFSA) to provide blockchain-based payment solutions at the Dubai International Financial Centre (DIFC). This is an important milestone, making Ripple the first blockchain payment company licensed to operate in this region.
With the license from DFSA, Ripple can access the UAE's $40 billion cross-border payments market – one of the fastest-growing financial sectors in the world.
Ripple has officially received approval from the Dubai Financial Services Authority (DFSA) to provide blockchain-based payment solutions at the Dubai International Financial Centre (DIFC). This is an important milestone, making Ripple the first blockchain payment company licensed to operate in this region.
With the license from DFSA, Ripple can access the UAE's $40 billion cross-border payments market – one of the fastest-growing financial sectors in the world.
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