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).

Authors

Publish date

Mar 13, 2025 - 2:33am

Publisher

Related people

Brad Garlinghouse

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Web URL

https://www.theblock.co/post/346053/ripple-gains-regulatory-approval-to-tap-uaes-40-billion-cross-border-payments-market

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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