Ripple Gets Dubai License, Expands in UAE
Ripple secures in-principle approval from Dubai regulators, boosting its UAE operations and advancing its global payment services.
Ripple has received in-principle approval from the Dubai Financial Services Authority (DFSA) to extend its financial services, a move that strengthens its presence in the United Arab Emirates. This approval allows Ripple to provide end-to-end payment solutions through the Dubai International Financial Centre (DIFC), boosting its role in the region’s cross-border payment ecosystem.
CEO Brad Garlinghouse praised the UAE’s clear and supportive crypto regulations, noting that the nation’s policies have made it a global hub for digital asset companies. “Regulatory clarity is what businesses want and what consumers need. The UAE understands that,” he shared on X (formerly Twitter).
With this regulatory milestone, Ripple plans to deploy its enterprise-grade digital asset infrastructure across the UAE, making its services more accessible to a wider range of customers. The expansion is part of Ripple’s strategy to enhance its global reach, especially amid ongoing legal battles with the SEC in the U.S.
The approval comes after Ripple set up its regional headquarters in Dubai back in 2020. Since then, the company has been actively working to strengthen its foothold in the Middle East. This latest development is a step forward in Ripple’s mission to offer faster, cost-effective cross-border payments for businesses in the region.
This Dubai expansion could position Ripple as a key player in the UAE’s financial landscape, enabling it to leverage the country’s supportive environment for crypto innovations. By broadening its customer base and rolling out its advanced digital payment services, Ripple is reinforcing its commitment to providing efficient and secure payment solutions globally.
