Big News in crypto industry :
Ripple has just secured a significant milestone - it's received a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the Dubai International Financial Centre (DIFC).¹ ² ³ This makes Ripple the first blockchain-enabled payments provider licensed by the DFSA, and it's a huge step forward for the company's expansion in the Middle East.
With this license, Ripple can now provide its seamless compliance-first global payments product to businesses in the UAE, reinforcing its role as a trusted partner for financial institutions looking to leverage digital assets. The UAE is a global hub for outbound finance, with a massive $400 billion market for international trade, and Ripple is well-positioned to tap into this market.⁴
This development is also a testament to Dubai's commitment to fostering innovation and creating a supportive environment for tech and crypto companies. As Brad Garlinghouse, CEO of Ripple, noted, "We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption".
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