Ripple Wins Dubai Regulatory Approval For Crypto Payments In UAE, Becomes First Blockchain Firm In DIFC
Ripple received regulatory approval from Dubai’s Financial Services Authority (DFSA) to offer cross-border crypto payments.
Ripple to offer cross-border crypto payments in the UAE
The DIFC is a free-economic zone in the United Arab Emirates (UAE) that fosters an innovative financial and technological ecosystem. The regulatory approval enables the company to provide its cross-border crypto payment services to financial organizations across the country.
Ripple secures DFSA license to offer regulated crypto payments in the DIFC
Ripple just secured a Dubai Financial Services Authority (DFSA) license to provide regulated crypto payments in the Dubai International Financial Centre (DIFC), according to a press release on Thursday.
Ripple Secures Dubai Regulator Approval to Expand Its Presence in the Middle East
Crypto payments processor Ripple receives full DFSA approval from Dubai regulators as it expands its Middle East presence.
Ripple says securing Dubai crypto licence a ‘major milestone’
“Securing this DFSA licence is a major milestone that will enable us to better serve the growing demand for faster, cheaper and more transparent cross-border transactions in one of the world’s largest cross-border payments hubs,” said Reece Merrick, Ripple’s Managing Director for the Middle East and Africa.
Ripple gains licence for crypto payments in UAE
Ripple has become the first blockchain payments firm to secure a licence from the Dubai Financial Services Authority (DFSA). This is the firm’s first licence in the Middle East, and enables the firm to provide regulated cryptocurrency payments and services within the Dubai International Finance Centre (DIFC).
Ripple expands Middle East presence with regulatory nod for UAE crypto payments
Ripple, the company behind the XRP (XRP-USD) cryptocurrency, secured regulatory approval to offer crypto payments and services in the United Arab Emirates, making it the first blockchain-enabled payments provider licensed by the Dubai Financial Services Authority,
Ripple Gains Approval to Offer Crypto Payments in Dubai
Ripple, a blockchain-based digital payment company, has received approval from the Dubai Financial Services Authority (DFSA) to provide regulated cryptocurrency payments and services within the Dubai International Financial Centre (DIFC).
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