Ripple Enters UAE Payments Market with DFSA Approval
- Ripple received approval from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the Dubai International Finance Centre (DIFC).
- This marks Ripple’s first licensed operation in the Middle East.
- The UAE cross-border payments market is valued at $40 billion.
- Ripple is the first blockchain-enabled payments provider licensed by the DFSA.
- Around 20% of Ripple’s global customer base is in the Middle East.
Ripple has gained approval from the DFSA to provide crypto payment services in DIFC, marking its entry into the $40 billion UAE payments market. This license is Ripple’s first in the Middle East, and it positions them as a pioneering blockchain-enabled payments provider licensed by DFSA.
Source (2.6)https://cryptobriefing.com/ripple-uae-expansion-dfsa-approval/?rand=59535
