Ripple has received official approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments and services in the Dubai International Financial Centre (DIFC). This makes the company the first blockchain payment solutions provider to receive such a license in the region. This achievement underlines Ripple’s commitment to regulatory compliance and reinforces its reputation as a trusted partner for financial institutions using digital assets.

With a cross-border payments market worth $40 billion, the UAE is becoming an important hub for Ripple. The company has seen growing interest in its solutions from both crypto companies and traditional financial institutions looking to address the shortcomings of traditional payment systems, such as high fees and long transaction processing times.

Ripple continues to expand its presence in the Middle East, where it already serves 20% of its customer base. The DFSA license joins more than 60 regulatory approvals around the world, including Singapore, Ireland, and the US. It reinforces Ripple’s mission to bring blockchain technology to global financial services.