Ripple Receives Dubai Approval For Blockchain Payment Services
Portfolio Pulse from Murtuza Merchant
Ripple has received in-principle approval from the Dubai Financial Services Authority to offer blockchain-enabled payment services in the UAE. This move is part of a broader trend of financial technology firms seeking regulatory clearance in Dubai.
October 01, 2024 | 5:15 pm
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Ripple has received approval from the Dubai Financial Services Authority to offer blockchain payment services in the UAE, potentially increasing its market presence and customer base in the region.
The approval allows Ripple to expand its services in a key market where it already has a significant customer base. This regulatory green light could lead to increased adoption and usage of Ripple's services, positively impacting its market position.
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