Ripple Labs expands its business into the Middle East and Africa, offering blockchain payment services to individuals in both regions.
Ripple is the first blockchain-powered payments provider to receive a blockchain license from the Dubai Financial Services Authority (DFSA), enabling cross-border payments solutions in the Middle East.
The Middle East is experiencing progressive crypto regulation, attracting global blockchain leaders and witnessing increased adoption of digital asset solutions.
40% of finance and enterprise firms in the MENA region have adopted digital asset custody solutions, with 56% planning to implement them in the next three years.