Ripple has secured in-principle approval of a financial services license in Dubai.
The firm will be able to expand its services in the Dubai International Financial Centre.
Ripple has partnered with Al Ansari Exchange, UAE Exchange, and other firms in the past.
Ripple, the US-based fintech firm, continues to expand its presence in the United Arab Emirates (UAE). On October 1st, the company announced it received in-principle approval for a financial services license from the Dubai Financial Services Authority (DFSA). This license will allow Ripple to offer its payment services in the UAE.
Ripple announced on X (formerly Twitter) that the approval will allow it to expand its services within the Dubai International Financial Centre (DIFC), strengthening its “global footprint as a regulated entity.” This is not the first time Ripple has made a significant move in the region.
We’re delighted to have secured in-principle approval of a financial services license from Dubai Financial Services Authority, unlocking our end-to-end managed payments services in the UAE. 
https://t.co/4zq8YPlgaG
— Ripple (@Ripple) October 1, 2024
Partnerships with UAE Remittanc…
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