Ripple expands blockchain payment services in United Arab Emirates after securing DFSA license

Jakarta, Pintu News – Ripple , a blockchain technology company known for its cross-border payment solutions, has officially obtained a license from the Dubai Financial Services Authority (DFSA). This move strengthens Ripple’s expansion in the United Arab Emirates (UAE), while marking a strategic achievement in the development of blockchain-based payment infrastructure in the Middle East region.

DFSA License and Strengthening Ripple’s Position in the UAE

With the license from the DFSA, Ripple is now authorized to offer regulated blockchain-based payment services within the Dubai International Financial Centre (DIFC) premises. This makes Ripple the first blockchain-based payment service provider to be officially recognized by the financial institution.

The license is a significant milestone in Ripple’s strategy to expand its presence in regions with supportive cryptocurrency regulatory policies. DIFC, as a leading financial district in the Middle East, provides a relevant platform for Ripple to facilitate cross-border transactions more efficiently and securely.

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Strategic Partnerships and Local Initiatives

After obtaining the DFSA license, Ripple announced collaborations with two leading financial institutions in the UAE, namely Zand Bank and Mamo. Zand Bank, known as the first digital bank in the UAE to hold a full license, will integrate Ripple’s technology in its cross-border payment services.

On the other hand, Mamo, a local fintech company, will also utilize the Ripple platform to simplify the global payment system, both for businesses and individuals. This collaboration shows how Ripple is positioning itself as a key infrastructure in the region’s emerging digital financial system.

Ripple’s Commitment to the Middle East

Ripple’s expansion into the UAE is in line with the company’s long-term commitment in making the Middle East region a strategic operational hub. Since opening a regional office in DIFC in 2020, Ripple has continued to strengthen its presence by building a network of partners and expanding the adoption of blockchain technology in the region.

Currently, around 20% of Ripple’s total global client base comes from the Middle East region. This shows the importance of this market in Ripple’s growth plans globally, especially in the ever-evolving crypto and cryptocurrency ecosystem.

Regulation and Industry Confidence

One of the factors driving Ripple’s move in the UAE is the progressive regulatory climate towards digital assets. Ripple CEO, Brad Garlinghouse, praised the UAE’s clear and innovation-supportive regulatory approach, which he said provides legal certainty for crypto industry players.

The DIFC also welcomed Ripple’s presence as a symbol of support for visionary technology companies. With supportive regulations and an inclusive approach, the UAE is considered one of the countries best equipped to lead the transformation of blockchain-based digital finance.

Ripple’s Global Regulatory Reach

This DFSA license complements Ripple’s global regulatory portfolio which now includes over 60 licenses from various financial authorities. Among these are licenses from the Monetary Authority of Singapore (MAS), the New York State Department of Financial Services (NYDFS), and the Central Bank of Ireland.

This achievement enables Ripple to legally provide blockchain payment solutions across multiple jurisdictions, strengthening its position as a crypto service provider for institutions and enterprises with global scale.

Conclusion

The license acquisition from DFSA strengthens Ripple’s (XRP) position as a key player in the blockchain-based payments ecosystem in the UAE region and the Middle East in general. With progressive regulatory support and strategic partnerships with local financial institutions, Ripple is in a strong position to drive efficiency and transparency in an increasingly digitized global payments system.

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Reference:

• Bitcoin.com News. Ripple Expands in UAE With License Powering Blockchain Payment Surge. Accessed May 20, 2025.
• Featured Image: Generated by AI