Ripple, a global leader in enterprise blockchain and cryptocurrency solutions, has been granted regulatory approval from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payment services within the Dubai International Financial Centre (DIFC). This marks a significant milestone as Ripple becomes the first blockchain-enabled payments provider to receive a licence from the DFSA.
Arif Amiri, CEO of the DIFC Authority, welcomed the development, stating: “This milestone not only highlights our commitment to fostering innovation, but also opens the door for Ripple to tap into new growth opportunities across the region and beyond.”
Brad Garlinghouse, CEO of Ripple, echoed this sentiment, describing the approval as a pivotal moment for the crypto industry. “We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity,” he said. “Thanks to its early leadership, the UAE is exceptionally well-placed to benefit.”
The approval reinforces Dubai’s status as a progressive financial hub, embracing blockchain technology and positioning itself at the forefront of digital asset adoption. With its new regulatory licence, Ripple is poised to expand its footprint in the region and drive further adoption of blockchain-powered financial solutions.
