{"id":17658,"date":"2025-03-13T18:01:50","date_gmt":"2025-03-13T18:01:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17658"},"modified":"2025-03-13T18:01:50","modified_gmt":"2025-03-13T18:01:50","slug":"ripple-breaks-ground-in-middle-east-secures-first-payment-license","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17658","title":{"rendered":"Ripple Breaks Ground In Middle East: Secures First Payment License"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA). With this approval, Ripple can tap into UAE\u2019s $40 billion cross-border payments market.<\/span><\/p>\n<p>On 13 March 2025, Ripple<a href=\"https:\/\/ripple.com\/ripple-press\/regulated-crypto-payments-in-the-uae\/\" target=\"_blank\" rel=\"nofollow\"> announced<\/a> unlocking fully regulated cross-border crypto payments in the UAE, \u201cbringing faster, cheaper, and more transparent transactions to a $40B market.\u201d<\/p>\n<p>Commenting on the development, Ripple CEO Brad Garlinghouse said, \u201cWe are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption.\u201d<\/p>\n<p>\u201cThanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit,\u201d he added.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first blockchain payments provider licensed in the DIFC. <a href=\"https:\/\/t.co\/6oHWtnjODr\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/6oHWtnjODr<\/a><\/p>\n<p>This milestone unlocks fully regulated cross-border crypto payments in the UAE, bringing\u2026<\/p>\n<p>\u2014 Ripple (@Ripple) <a href=\"https:\/\/twitter.com\/Ripple\/status\/1900049647239934345?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 13, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2>Ripple\u2019s First License In The Middle East<\/h2>\n<p><span style=\"font-weight: 400\">The company receiving operational rights within the Dubai International Financial Centre (DIFC) means that Ripple\u2019s<\/span><span style=\"font-weight: 400\">\u00a0global payments product will be available for businesses in the UAE.<\/span><\/p>\n<p>Welcoming Ripple to the Middle East, Arif Amiri, DIFC CEO said, \u201dWe are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA license that makes them the first blockchain-enabled payments provider in DIFC.\u201d<\/p>\n<p>Ripple\u2019s Middle Eastern expansion strategy started back in 2020 when the company established its regional headquarters in the DIFC.<\/p>\n<p>\u201cAs the Middle East, Africa and South Asia\u2019s leading global financial centre, DIFC is proud to support forward-thinking companies like Ripple as they shape the future of finance and accelerate the adoption of blockchain technology in the payments industry,\u201d said Amiri.<\/p>\n<p><strong>EXPLORE:\u00a0<a href=\"https:\/\/99bitcoins.com\/news\/eu-adds-russian-crypto-exchange-garantex-to-its-sanctions-list\/\" rel=\"bookmark\">EU Adds Russian Crypto Exchange Garantex To Its Sanctions List<\/a><\/strong><\/p>\n<h2>UAE : Global Hub For Outbound Finance With\u00a0 $400bn+ Market For International Trade<\/h2>\n<p>Notably, Ripple insists that it is seeing increasing demand from across the Middle East, \u201cfrom crypto-native firms and traditional financial institutions alike.\u201d<\/p>\n<p>According to a <a href=\"https:\/\/ripple.com\/lp\/2024-new-value-report-payments\/\" target=\"_blank\" rel=\"nofollow\">2024 business survey<\/a>\u00a0carried out by Ripple, 64% of Middle East and Africa (MEA) finance leaders see faster payments and settlement times as the biggest value proposition for incorporating blockchain-based currencies into their cross-border payments business.<span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cDubai and the broader UAE have established themselves as leaders in fostering a progressive and well-defined regulatory framework for digital assets,\u201d said Reece Merrick, Ripple\u2019s Managing Director for Middle East and Africa.<\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA).\u00a0<\/li>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <\/li>\n<p><\/span> <span style=\"font-weight: 400\">Ripple\u2019s Middle Eastern expansion strategy started backin 2020 when the company established its regional headquarters in the DIFC.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/guides\/ripple-breaks-ground-in-middle-east-secures-first-payment-license\/\">Ripple Breaks Ground In Middle East: Secures First Payment License<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA). With this approval, Ripple can tap into UAE\u2019s $40 billion cross-border payments market. On 13 March 2025, Ripple announced unlocking fully regulated cross-border crypto payments in the UAE, \u201cbringing faster, cheaper, and more transparent transactions to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17658","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17658"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17658\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}