Ripple has been licensed by the Dubai Financial Services Authority (DFSA) to bring its cross-border payments solution to businesses in the Middle East

Cryptocurrency News and Public Mining Pools

Ripple has been licensed by the Dubai Financial Services Authority (DFSA) to bring its cross-border payments solution to businesses in the Middle East

Ripple has been licensed by the Dubai Financial Services Authority (DFSA) to bring its cross-border payments solution to businesses in the Middle East

Key Points:

  • The Middle East is a growing hub for crypto adoption, driven by progressive regulation and technological advancements.
  • 85% of finance and enterprise firms in the region have increased confidence in digital assets, with 97% expecting a significant impact on business in the next three years.
  • Ripple's research shows that 40% of finance and enterprise firms in the MEA already use a digital asset custody solution, with 56% planning to implement it within the next three years.
  • Ripple's presence in the Middle East is expanding, with a growing global customer base and a focus on offering regulated cross-border crypto payments in the UAE.

submitted by /u/CriticalCobraz
[link] [comments]