Name
Ripple Secures First Middle East Approval, Unlocks $40B UAE Payments Market
Description
This article highlights Ripple’s DFSA approval as a major milestone in its Middle Eastern expansion, allowing the company to offer XRPL-powered payment solutions to UAE institutions.
Publish date
12:20am, Thursday, March 13, 2025
Referenced by
Ripple received full approval from the Dubai Financial Services Authority
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News story
With its latest Dubai approval, Ripple continues to position itself as a dominant player in blockchain-based payments, even as its U.S. regulatory battle nears a potential resolution
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Quote
The approval grants Ripple the ability to operate in the Dubai International Financial Centre (DIFC), a key financial hub in a region with a $40 billion cross-border payments market, according to World Bank data
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