Ripple Becomes First Blockchain Payments Provider Licensed by Dubai Regulator

The DFSA approval allows Ripple to offer regulated crypto payment solutions in the UAE, expanding its presence in the $40 billion cross-border payments market.

• Ripple received a full license from the Dubai Financial Services Authority (DFSA), enabling it to provide regulated blockchain-powered payment solutions in the UAE.
• This makes Ripple the first blockchain payments provider authorized to operate in the Dubai International Financial Centre (DIFC), a major global financial hub.
• The UAE’s pro-regulatory stance and growing demand for faster, cost-effective cross-border transactions position the region as a key market for Ripple's services.
• Ripple’s DFSA license adds to its portfolio of over 60 global regulatory approvals, including those from Singapore, New York, and Ireland.
• The move is expected to drive greater adoption of stablecoins for real-time settlements and further solidify the UAE's status as a global crypto hub.

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