Ripple Becomes First Blockchain Payments Provider Licensed by Dubai’s DFSA
Staff Writer • 2025-03-13
Approval Unlocks Regulated Cross-Border Crypto Payments in UAE’s $40 Billion Market Ripple has achieved a significant milestone by securing regulatory approval from the Dubai Financial Services Authority (DFSA), making it the first blockchain-powered payments provider licensed to operate within the Dubai International Financial Centre (DIFC). This approval allows Ripple to offer fully regulated cross-border crypto payment services across the United Arab Emirates (UAE), a market valued at over $40 billion. Businesses and financial institutions in the region will now have access to faster, more cost-effective, and transparent transactions using Ripple’s blockchain technology. A Major Step Toward Institutional Crypto Adoption Ripple’s latest regulatory win highlights the UAE’s forward-thinking approach to crypto and blockchain innovation. With increasing global adoption of digital assets, Dubai is positioning itself as a leading hub for fintech and blockchain enterprises. CEO Brad Garlinghouse emphasized that the industry is entering an unprecedented period of growth, fueled by regulatory clarity and institutional adoption. He noted that the UAE’s proactive stance on digital assets makes it a key market for expansion. Ripple Expands Its Global Regulatory Footprint This approval is part of Ripple’s broader effort to secure licensing in major financial hubs worldwide. The company now holds over 60 regulatory approvals, including licenses from Singapore, New York, and Ireland, further solidifying its status as a trusted provider of blockchain-based financial solutions. Since establishing its Middle East headquarters in Dubai in 2020, Ripple has seen significant demand in the region, with approximately 20% of its global customer base operating in the Middle East. This latest regulatory milestone is expected to accelerate adoption and drive further institutional engagement. With this move, Ripple is expanding its influence in the global payments ecosystem, offering businesses a regulated, blockchain-powered alternative for cross-border transactions. The DFSA’s approval signals a wider shift toward mainstream acceptance of blockchain technology in finance.
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