Ripple Secures DFSA Approval to Expand Cross-Border Payment Services in UAE, Enhancing Presence in Middle East

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Ripple Secures DFSA Approval to Expand Cross-Border Payment Services in UAE, Strengthening Presence in the Middle East Ripple, the blockchain company behind the popular digital asset XRP, has taken a significant step toward expanding its presence in the Middle East by securing in-principle approval from the Dubai Financial Services Authority (DFSA).

Ripple Payments Direct is one of Ripple’s core offerings, designed to streamline cross-border transactions by eliminating the inefficiencies of traditional banking systems.

In fact, Ripple’s 2024 New Value Report highlights that Middle Eastern businesses and financial institutions are increasingly turning to blockchain technology to solve cross-border payment challenges.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaUnited Arab Emirates

Topics: Crypto News Ripple secures DFSA approval

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 08:15:32 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 1096 words

Reading Time: 7 minutes read

Sentences: 46 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22833604

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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News Last Updated: 11 hours ago

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