Dubai - Ripple, a leading digital asset infrastructure provider, has announced that it has received preliminary approval from the Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC). The approval is a significant milestone that significantly strengthens Ripple’s global presence as a regulated entity and enables it to offer seamless cross-border payment services, including Ripple Payments Direct, in the UAE.
Under the DFSA license, Ripple is set to expand its enterprise digital asset infrastructure to a wider customer base in the UAE. This expansion is in line with its vision to provide businesses with faster, more efficient and cost-effective cross-border payment solutions by combining strong regulatory compliance with continued investments in critical infrastructure components including liquidity, best-in-class custody solutions, and gateways between fiat and digital assets.
Ripple CEO Brad Garlinghouse has stressed that blockchain and cryptocurrencies are here to stay. He added: “Thanks to its forward-looking regulatory approach and clear guidance for innovative companies seeking to expand their investments,$XRP
