Today, Ripple representatives led by Ripple president Monica Long met UAE officials at the Dubai Fintech Summit. They met to talk about digital payments infrastructure, and how financial innovation can be accelerated.
Ripple posted a message to X, formerly Twitter. “We continue to be impressed with the leadership demonstrated by Dubai as it establishes itself as one of the world’s leading hubs for digital assets.” Ripple’s Dubai office was opened in 2020. It has expanded its footprint in the region and is now responsible for 20% of Ripple’s global customers. The partnership continues to grow as evidenced by the in-person meetup on Wednesday.
The last year Ripple announced Dubai International Financial Centre, United Arab Emirates. The firm announced a partnership with DIFC’s innovation hub. This Dubai platform has already been used as “hope for more than 1,000 growth-stage tech firms, innovation companies, digital labs, venture capital firms, regulators, and educational entities.”
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“The partnership between Ripple and DIFC Innovation Hub will provide the means to drive blockchain and crypto adoption amongst early-stage companies,” According to the press release, Ripple CEO Brad Garlinghouse stated that this partnership will be beneficial. “drive the adoption of blockchain technology in the region as XRPL continues to be a leading blockchain,” The UAE is a great place to visit.
Ripple was recently launched secured Its first DFSA licence for blockchain payments. This license allows Ripple’s RipplePayments platform to be offered across the entire region. This move opens up a $400B global trade hub, with regulated services across borders and the RLUSD Stablecoin.
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Source: watcher.guru
