April 2, 2025
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Ripple Secures DFSA License to Offer Regulated Crypto Payments in Dubai

Web Desk04 mins
Ripple has received regulatory approval from the Dubai Financial Services Authority (DFSA) to provide regulated cryptocurrency payment services within the Dubai International Financial Centre (DIFC), becoming the first blockchain-powered payments company licensed by the DFSA, as announced in a press release on March 13, 2025.

This milestone allows businesses in the United Arab Emirates (UAE) to leverage Ripple’s crypto payment solutions, promising faster, cheaper, and more transparent cross-border transactions. Ripple, which established its Middle East headquarters in the DIFC in 2020, serves around 20% of its global customers in the region, tapping into the UAE’s $400 billion global trade sector—a prime opportunity for blockchain-based financial innovation.

According to industry data, 64% of finance leaders in the Middle East and Africa view faster payments as the primary benefit of blockchain adoption, a trend Ripple aims to capitalize on with this license. Stay informed on global crypto regulations with Crypto Market Insights on news.thecoininfo.com, and explore in-depth analysis on The Coin Info Hub at thecoininfo.com.

Reece Merrick, Ripple’s managing director for the Middle East and Africa, emphasized the significance of this approval, stating, “Securing this DFSA license 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.” DIFC Authority CEO His Excellency Arif Amiri welcomed Ripple’s expansion, reaffirming Dubai’s commitment to fostering blockchain innovation and positioning the city as a hub for digital finance.

Ripple’s focus on stablecoins, including its RLUSD, launched in December 2024 with a market cap exceeding $130 million, further strengthens its offerings, while the company has secured over 60 international licenses, including in Singapore, Ireland, and multiple U.S. states, enhancing its global compliance footprint.

Additionally, Ripple is making strides elsewhere, with the Bank of England testing its Interledger Protocol for efficient cross-border payments, and growing interest in XRP exchange-traded funds (ETFs) in the U.S., where asset managers like Bitwise, Grayscale, Franklin Templeton, and 21Shares await SEC approval. For crypto investors, Ripple’s Dubai license signals expanding adoption of blockchain payments, but its success depends on market demand and regulatory stability, especially amid Bitcoin’s recent volatility below $80,000 and broader economic pressures like U.S. tariffs. Resources like Crypto News Updates on news.thecoininfo.com can keep you updated on this transformative moment for Ripple and the crypto industry.

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