Ripple has obtained an “in-principle” approval from the Dubai Financial Services Authority (DFSA) to expand its operations in the United Arab Emirates. This approval allows Ripple to offer cross-border payment services within Dubai’s growing financial sector, reinforcing the city’s reputation as a hub for blockchain and fintech innovation.
The new license comes as part of Ripple’s strategic efforts to enhance its global presence, particularly in the Middle East, where demand for efficient cross-border payment solutions is rapidly increasing. The approval enables Ripple to move closer to providing regulated crypto-based financial services, focusing on seamless and cost-effective cross-border transfers.
Ripple’s collaboration with Dubai reflects the region’s progressive stance on blockchain technology and digital assets, as Dubai continues to attract major global fintech companies looking to leverage its supportive regulatory framework.
