Official announcements from Ripple or the UAE-based bank

Ripple Secures DFSA In-Principle Approval to Expand Cross-Border Payments from Dubai International Financial Centre

Oct 1, 2024, 08:21 AM

Ripple, a leading provider of digital asset infrastructure, has secured in-principle approval from the Dubai Financial Services Authority (DFSA) for a financial services license, enabling the company to expand its cross-border payment services from the Dubai International Financial Centre (DIFC) in the United Arab Emirates (UAE). This approval allows Ripple to offer its end-to-end managed payment services more widely in the region, bolstering its presence in the Middle East and supporting its goal to rival SWIFT in cross-border payments. The in-principle approval marks a significant milestone for Ripple as it continues to grow internationally.