Ripple will be the first blockchain-enabled payments provider licensed by the DFSA. Arif Amiri, Chief Executive Officer of DIFC Authority, commented, "We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA licence that makes them the first blockchain-enabled payments provider in DIFC.

Ripple has taken a major step in its global expansion plans by securing regulatory approval in the UAE and obtaining a Dubai Financial Services Authority (DFSA) license to offer cross-border crypto payment services in Dubai.

Ripple received regulatory approval from Dubai’s Financial Services Authority (DFSA) to offer cross-border crypto payments.

Crypto payments processor Ripple receives full DFSA approval from Dubai regulators as it expands its Middle East presence.

Ripple secures a DFSA license to offer regulated crypto payments in Dubai, enhancing its role in global financial solutions.

Payments utility is also expected to drive greater stablecoin adoption in the UAE for their real time settlement value proposition.

Ripple, the company behind the XRP (XRP-USD) cryptocurrency, secured regulatory approval to offer crypto payments and services in the United Arab Emirates, making it the first blockchain-enabled payments provider licensed by the Dubai Financial Services Authority,