Ripple, a leading blockchain payment provider, has officially received full regulatory approval from the Dubai Financial Services Authority (DFSA), marking a major milestone in its global expansion. The approval, announced on March 13, grants Ripple the ability to offer cross-border crypto payment services within the Dubai International Financial Centre (DIFC), a key financial hub in the United Arab Emirates (UAE). This full license comes nearly six months after Ripple secured in-principle approval from the DFSA in October 2024. With this regulatory green light, the company is ready to provide its blockchain-based payment solutions to financial institutions and businesses across the UAE. Ripple’s CEO, Brad Garlinghouse, highlighted the strategic importance of the UAE in a statement, stating the region’s progressive stance on crypto regulation. Cross-Border Crypto Payments The UAE has positioned itself as a leader in crypto adoption and regulatory innovation, making it an attractive destination for blockchain firms like Ripple. The company noted that there has been a surge in demand across the Middle East and North Africa (MENA) region for efficient and cost-effective cross-border payment solutions. While the demand for crypto-based payments has traditionally come from digital asset firms, Ripple revealed that traditional financial institutions are also actively seeking blockchain solutions to enhance remittance services and international transactions. The DFSA license now enables Ripple to cater to this growing market by offering its global payment network and on-demand liquidity solutions. Ripple Becomes DIFC’s First Licensed Blockchain Payment Provider With this approval, Ripple has become the first blockchain-enabled payments provider within DIFC, according to DIFC CEO Arif Amiri. He welcomed the company’s expanded role in the region, stating: “We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA license that makes them the first blockchain-enabled payments provider in DIFC.” The UAE’s regulatory clarity and pro-crypto stance have made it an increasingly attractive hub for fintech and blockchain firms. With Ripple’s entry into the DIFC, the company is now strategically positioned to expand its services across the UAE and the broader MENA region. The post Ripple Secures Full DFSA Approval to Expand Crypto Payments in UAE appeared first on TheCoinrise.com .
