$XRP News: Why Did Ripple’s President Meet With UAE Officials?

Ripple President Monica Long recently met with UAE officials at the Dubai Fintech Summit. With big plans to boost blockchain and fintech, this move puts Ripple—and the region—right at the center of the digital finance revolution.

Emirates CEO Sheikh Ahmed bin Saeed Al Maktoum met with leaders from Kotak Mahindra, Ripple, and Bolt at the event, exploring ways to discuss collaboration and innovation in the fast-growing fintech space. There were over 9,000 attendees, including CEO’s, investors, policymakers, and innovators from more than 120 countries.

The meeting centered around Dubai’s D33 plan to become a top 4 global financial hub, targeting AED100 billion in yearly digital revenue by 2033. The role of DIFC was also discussed as a key gateway for global financial institutions, and the strategies of leading institutions like Kotak .