🇦🇪 Ripple's $XRP gets green light for crypto payments & services in the UAE! 🚀🔥 pic.twitter.com/JuUVemXQnv
— John Squire (@TheCryptoSquire) March 13, 2025
Ripple has achieved a significant milestone by securing regulatory approval from the Dubai Financial Services Authority (DFSA), making it the first blockchain-based payments provider licensed to operate in the Dubai International Financial Centre (DIFC). This license allows Ripple to offer regulated XRP payment services in the UAE, a region with a $40 billion cross-border payments market. The approval aligns with Dubai’s vision of becoming a global hub for fintech and digital assets, further solidifying Ripple’s position as a leader in blockchain-powered payments.
The announcement has already sparked excitement, with a giant XRP billboard unveiled in Dubai to celebrate the achievement. Ripple CEO Brad Garlinghouse emphasized the importance of regulatory clarity, stating that the UAE’s supportive ecosystem positions it as a leader in crypto innovation. This development comes as Ripple continues to expand its global footprint, with over 60 regulatory approvals worldwide. The UAE’s crypto-friendly stance is expected to boost XRP adoption, particularly for faster and more transparent cross-border transactions.
https://dailycoin.com/ripple-breaks-into-uae-dfsa-license-opens-40b-payments-market/