Ripple, a leading blockchain payment provider, has received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE).
This approval allows Ripple to operate in the Dubai International Financial Center (DIFC), a key financial hub with independent tax policies and regulatory frameworks.
Expanding Blockchain-Powered Payments in the UAE
With its DFSA license, Ripple can now provide secure and efficient blockchain-based payment solutions to businesses and financial institutions across the UAE. The company aims to help organizations integrate digital assets into real-world financial applications, streamlining cross-border transactions.
Ripple CEO Brad Garlinghouse emphasized that the UAE is well-positioned for fintech and crypto innovation, citing the country’s progressive regulatory environment and early adoption of blockchain technology.
Rising Demand for Cross-Border Crypto Payments in the Middle East
Ripple has reported growing demand for blockchain-powered payments in the Middle East, particularly from both crypto-native firms and traditional financial institutions looking for faster and more cost-effective payment solutions.
The company is also actively monitoring stablecoin regulations in the UAE. A Ripple spokesperson confirmed that the firm is working closely with the Central Bank of the UAE (CBUAE) to comply with upcoming stablecoin regulations and ensure the availability of Ripple’s RLUSD stablecoin in the region.
Ripple Becomes First Blockchain Payments Provider in DIFC
By securing DFSA approval, Ripple has officially become the first blockchain-based payment provider to operate within DIFC’s financial free zone.
DIFC CEO Arif Amiri praised Ripple’s move, stating:
“We are thrilled that Ripple is deepening its commitment to Dubai by securing a DFSA license, making them the first blockchain-enabled payments provider in DIFC.”
Tapping Into MENA’s Growing Fintech Market
With this regulatory green light, Ripple is now positioned to expand its services across the UAE and the broader MENA region, capitalizing on the growing demand for digital asset-based financial solutions.
Ripple’s approval marks a major step toward blockchain-powered financial innovation in the UAE and beyond.
