The Dubai Financial Services Authority (DFSA) has granted Ripple an in-principle approval, allowing the company to broaden its services from the Dubai International Financial Centre (DIFC). This significant step enables Ripple to unlock its end-to-end payment services in the United Arab Emirates (UAE).
With this new license, Ripple plans to roll out its enterprise-grade digital asset infrastructure to a wider customer base in the UAE. This move is expected to enhance the availability of digital payment solutions in the region.
Ripple's CEO, Brad Garlinghouse, praised the UAE's progressive approach to cryptocurrency regulation in a recent post on X (formerly Twitter). He emphasized how the region's crypto-friendly policies attract firms associated with digital assets.
