Ripple Opens New Dubai HQ As Middle East Demand Surges
Ripple has opened a new Middle East and Africa regional headquarters in Dubai’s International Financial Centre, expanding its UAE footprint as demand for regulated blockchain-based payments and custody infrastructure grows across the region. The move gives Ripple capacity to double the size of its existing local operations, according to the company, and comes as the […]
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The blockchain company's new Middle East and North Africa headquarters will be within the DIFC financial hub.
The XRP ecosystem has taken a major step forward in global adoption with its entry into the regulated United Arab Emirates market, following a landmark approval for Ripple in Dubai. This milestone marks the first time a blockchain-enabled payments provider has received such authorization in one of the world’s leading financial hubs, the Dubai International Financial Centre. This is a new level of regulatory recognition for crypto-based financial infrastructure. When Did Ripple Break New Ground In Middle East Financial Markets The builder of the XRP ecosystem, Ripple, has achieved a major....
Dubai-based startup BitOasis has announced the launch of a new bitcoin buying platform. Aimed at consumers in the Middle East and North Africa (MENA) region, the platform was revealed at the TechCrunch Disrupt NY Startup Alley, a venue for early-stage companies taking place over the course of the three-day conference. Co-founder Ola Doudin explained that the goal of the service is to increase bitcoin liquidity in the Middle East as part of BitOasis' long-term strategy of serving what she characterized as the vital remittance corridors of the region. Doudin told CoinDesk: "The UAE....
The financial center in one of Dubai’s free-trade zones acts as an independent regulator with its own judicial system According to a Nov. 7 announcement, Ripple has established a regional office in the Dubai International Financial Centre, or DIFC. The blockchain-based payments firm reportedly chose the location for its “innovative regulations.” The DIFC website states the special economic zone serves more than 2,500 companies across the Middle East, Africa, and South Asia as an “independent regulator” with a “proven judicial system.”“Ripple already has a significant client base in the....
Ripple has secured a key regulatory win in the Gulf as Abu Dhabi’s Financial Services Regulatory Authority (FSRA) has recognized Ripple USD (RLUSD) as an “Accepted Fiat-Referenced Token,” effectively greenlisting the USD-backed stablecoin for use within Abu Dhabi Global Market (ADGM). Ripple Adds Another Middle East Win The designation means RLUSD can now be used […]