Ripple gains regulatory approval to tap UAE's $40 billion cross-border payments market
Name
Ripple gains regulatory approval to tap UAE's $40 billion cross-border payments market
Description
This article reports that Ripple has secured regulatory approval to offer crypto payments and services in Dubai, making it the first blockchain payments provider licensed by the Dubai Financial Services Authority (DFSA).
Publish date
2:33am, Thursday, March 13, 2025
Referenced by
Ripple received full approval from the Dubai Financial Services Authority
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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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Citing data from World Bank, Ripple said the UAE owns a $40 billion cross-border payments market, from which it has seen demand for more efficient payment solutions
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