Ripple President Shines in Dubai, Joining Forces with the UAE to Ignite a Digital Financial Revolution

Ripple President Monica Long recently appeared at the Dubai FinTech Summit, engaging in discussions with senior UAE officials aimed at advancing the comprehensive upgrade of blockchain and digital financial technologies, helping the Middle East position itself at the core of the global digital economy.

This summit focused on Dubai's ambitious D33 plan, which aims to create a world-class financial center by 2033 and achieve a digital revenue of 100 billion dirhams. The CEO of Emirates Airlines discussed innovative cooperation plans with Ripple and other financial giants, gathering over 9,000 top investors and decision-makers from around the globe.

With the recently obtained DFSA license, Ripple has fully entered the UAE cross-border payment market, covering over 20% of Middle Eastern clients and targeting a $400 billion business opportunity. Last year, a strategic cooperation agreement was reached with the Dubai International Financial Centre, expected to launch in 2024, promoting deep integration of blockchain technology and startups.

Ripple's CEO referred to its blockchain platform XRPL as the leading technology in the region, having received recognition from over 60 global regulators, including those in Singapore and New York. The CEO of the Dubai International Financial Centre praised the UAE's strong support for innovators.

Meanwhile, the UAE signed a 10-year investment agreement worth a total of $1.4 trillion with the United States, significantly strengthening economic ties between the two countries and unleashing tremendous potential for future cooperation. A new era of digital finance is quietly rising from the Middle East.