{"id":11635,"date":"2024-10-03T17:56:36","date_gmt":"2024-10-03T17:56:36","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=11635"},"modified":"2024-10-03T17:56:40","modified_gmt":"2024-10-03T17:56:40","slug":"ripple-receives-approval-to-expand-operations-in-dubai","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/ripple-receives-approval-to-expand-operations-in-dubai\/","title":{"rendered":"Ripple Receives Approval to Expand Operations in Dubai"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Ripple, a leading digital asset infrastructure provider, has secured &#8220;in-principle approval&#8221; from the Dubai Financial Services Authority (DFSA) to expand its operations in the Dubai International Financial Centre (DIFC). This approval, announced on October 1, allows Ripple to enhance its cross-border payment services in the United Arab Emirates (UAE), further establishing itself as a regulated global entity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Expanding Efficient Cross-Border Payment Solutions<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">With this approval, Ripple will introduce its &#8220;enterprise-grade&#8221; digital asset infrastructure to a broader audience in the UAE. The company\u2019s expansion is part of its ongoing efforts to offer efficient and seamless cross-border payment solutions. By leveraging its blockchain technology, Ripple aims to meet the growing demand for fast, cost-effective international payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Salmaan Jaffery, chief business development officer at the DIFC, expressed his satisfaction with Ripple\u2019s commitment to complying with the financial center\u2019s legal and regulatory framework. He highlighted the UAE\u2019s forward-thinking regulatory approach, which supports innovative businesses in the rapidly evolving blockchain and crypto sectors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cBlockchain and crypto technologies are here to stay,\u201d Jaffery said. \u201cWith its forward-thinking regulatory approach and clear guidance for innovative businesses seeking to invest and scale, the UAE is positioning itself as a global leader in this new era of financial technology.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Growing Global Presence<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Ripple\u2019s latest approval in Dubai adds to the more than 55 licenses it holds worldwide. Reece Merrick, Ripple\u2019s managing director for the Middle East and Africa, emphasized that over 20% of the company\u2019s global customer base is located in the UAE, highlighting the region&#8217;s growing demand for more efficient cross-border payment solutions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By securing the DFSA\u2019s approval, Ripple continues to strengthen its presence in key global markets, further aligning with its mission to provide scalable and innovative payment solutions on a global scale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple, a leading digital asset infrastructure provider, has secured &#8220;in-principle approval&#8221; from the Dubai Financial Services Authority (DFSA) to expand its operations in the Dubai International Financial Centre (DIFC). This approval, announced on October 1, allows Ripple to enhance its cross-border payment services in the United Arab Emirates (UAE), further establishing itself as a regulated [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":4969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[259,43],"tags":[],"class_list":["post-11635","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins","category-general-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ripple Receives Approval to Expand Operations in Dubai<\/title>\n<meta name=\"description\" content=\"Ripple, a leading digital asset infrastructure provider, has secured &quot;in-principle approval&quot; from the Dubai Financial Services Authority 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