Ripple Extends Reach in Middle East Crypto Boom

Ripple is solidifying its position within the rapidly expanding cryptocurrency industry of the Middle East. The company received a license from the Dubai Financial Services Authority (DFSA) this year, paving the way for Ripple Payments to serve businesses in the UAE. This move aligns with Ripple’s overall goal of facilitating transparent cross-border payments in one of the world’s largest trade and remittance hubs, as detailed in recent blog posts.