{"id":41416,"date":"2025-03-13T15:04:10","date_gmt":"2025-03-13T12:04:10","guid":{"rendered":"https:\/\/entarabi.com\/?p=41416"},"modified":"2025-03-13T15:21:11","modified_gmt":"2025-03-13T12:21:11","slug":"ripple-secures-dfsa-license-to-provide-crypto-payments-in-dubais-financial-centre","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/03\/ripple-secures-dfsa-license-to-provide-crypto-payments-in-dubais-financial-centre\/","title":{"rendered":"Ripple Secures DFSA License to Provide Crypto Payments in Dubai\u2019s Financial Centre"},"content":{"rendered":"<ul data-start=\"119\" data-end=\"548\">\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"119\" data-end=\"291\">Ripple receives approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments in the Dubai International Financial Centre (DIFC).<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"292\" data-end=\"406\">This marks Ripple\u2019s first regulatory license in the Middle East, reinforcing its commitment to compliance.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"407\" data-end=\"548\">Growing demand from both traditional financial institutions and crypto firms in the UAE for efficient cross-border payment solutions.<\/li>\n<\/ul>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"550\" data-end=\"618\"><strong data-start=\"554\" data-end=\"616\">Ripple Expands Its Regulatory Footprint in the Middle East<\/strong><\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"619\" data-end=\"1014\">Ripple has successfully obtained <strong data-start=\"652\" data-end=\"716\">a license from the Dubai Financial Services Authority (DFSA)<\/strong>, allowing it to offer <strong data-start=\"739\" data-end=\"828\">regulated crypto payment services in the Dubai International Financial Centre (DIFC).<\/strong> This milestone further establishes <strong data-start=\"864\" data-end=\"924\">Ripple as a key player in the region\u2019s fintech ecosystem<\/strong>, enabling businesses across the UAE to leverage <strong data-start=\"973\" data-end=\"1011\">blockchain-based payment solutions<\/strong>.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1016\" data-end=\"1372\"><strong data-start=\"1016\" data-end=\"1053\">Brad Garlinghouse, CEO of Ripple,<\/strong> commented:<br data-start=\"1064\" data-end=\"1067\" \/><em data-start=\"1067\" data-end=\"1370\">&#8220;We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity and increasing institutional adoption. Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit.&#8221;<\/em><\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1433\" data-end=\"1726\">Dubai has cemented its status as a <strong data-start=\"1468\" data-end=\"1503\">leading global financial center<\/strong>, with <strong data-start=\"1510\" data-end=\"1554\">over $400 billion in international trade<\/strong>. Ripple reports <strong data-start=\"1571\" data-end=\"1631\">increasing demand for blockchain-based payment solutions<\/strong> from both <strong data-start=\"1642\" data-end=\"1709\">traditional financial institutions and crypto-native businesses<\/strong> in the region.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1728\" data-end=\"1911\">According to a <strong data-start=\"1743\" data-end=\"1765\">2024 Ripple survey<\/strong>, <strong data-start=\"1767\" data-end=\"1909\">64% of finance leaders in the Middle East and Africa cite faster settlement times as the primary advantage of blockchain-powered payments.<\/strong><\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1913\" data-end=\"2171\"><strong data-start=\"1913\" data-end=\"1951\">Arif Amiri, CEO of DIFC Authority,<\/strong> added:<br data-start=\"1958\" data-end=\"1961\" \/><em data-start=\"1961\" data-end=\"2169\">&#8220;This milestone highlights our commitment to fostering innovation and opens new growth opportunities for Ripple across the region. DIFC is proud to support companies that are shaping the future of finance.&#8221;<\/em><\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"2173\" data-end=\"2247\"><strong data-start=\"2177\" data-end=\"2245\">Ripple Strengthens Its Regional Presence and Stablecoin Adoption<\/strong><\/h2>\n<ul dir=\"ltr\" style=\"text-align: left;\" data-start=\"2248\" data-end=\"2781\">\n<li data-start=\"2248\" data-end=\"2402\">Ripple has operated its Middle East headquarters in DIFC since 2020, with approximately 20% of its global customer base located in the region.<\/li>\n<li data-start=\"2403\" data-end=\"2548\">82% of finance leaders in the Middle East and Africa express confidence in adopting blockchain solutions, according to Ripple\u2019s research.<\/li>\n<li data-start=\"2549\" data-end=\"2646\">Ripple\u2019s stablecoin RLUSD, launched in December, has surpassed a $130 million market cap.<\/li>\n<li data-start=\"2647\" data-end=\"2781\">The company anticipates increased adoption of stablecoins in the UAE, driven by demand for real-time settlement solutions.<\/li>\n<\/ul>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"2783\" data-end=\"2829\"><strong data-start=\"2787\" data-end=\"2827\">Ripple\u2019s Global Regulatory Expansion<\/strong><\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"2830\" data-end=\"2937\">With its latest <strong data-start=\"2846\" data-end=\"2862\">DFSA license<\/strong>, Ripple now holds <strong data-start=\"2881\" data-end=\"2923\">over 60 regulatory approvals worldwide<\/strong>, including:<\/p>\n<ul dir=\"ltr\" style=\"text-align: left;\" data-start=\"2938\" data-end=\"3161\">\n<li data-start=\"2938\" data-end=\"2995\">A Major Payments Institution license in Singapore<\/li>\n<li data-start=\"2996\" data-end=\"3049\">A New York Trust Charter in the United States<\/li>\n<li data-start=\"3050\" data-end=\"3112\">Virtual Asset Service Provider registration in Ireland<\/li>\n<li data-start=\"3113\" data-end=\"3161\">Multiple U.S. Money Transmitter Licenses<\/li>\n<\/ul>\n<h3 dir=\"ltr\" style=\"text-align: left;\" data-start=\"3163\" data-end=\"3186\"><strong data-start=\"3167\" data-end=\"3184\">Looking Ahead<\/strong><\/h3>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"3187\" data-end=\"3373\" data-is-last-node=\"\" data-is-only-node=\"\">As the global crypto industry matures and demand for <strong data-start=\"3240\" data-end=\"3286\">instant, secure payments continues to rise<\/strong>, <strong data-start=\"3288\" data-end=\"3373\" data-is-last-node=\"\">Ripple is well-positioned to drive blockchain adoption across the UAE and beyond.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple receives approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments in the Dubai International Financial Centre (DIFC). This marks Ripple\u2019s first regulatory license in the Middle East, reinforcing its commitment to compliance. Growing demand from both traditional financial institutions and crypto firms in the UAE for efficient cross-border payment solutions. [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":41414,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[7536,7537],"class_list":["post-41416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-dubai-international-financial-centre","tag-ripple-en"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/41416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=41416"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/41416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/41414"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=41416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=41416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=41416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}