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Ripple Breaks Ground In Middle East: Secures First Payment License

  • Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA).
  • With this approval, Ripple can tap into UAE’s $40 billion cross-border payments market.
  • Ripple’s global payments product will now be available for businesses in the UAE.
  • Ripple's Middle Eastern expansion started in 2020 when they established their regional headquarters in the DIFC.

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