Ripple has announced that it received in-principle approval for a financial services license from the Dubai Financial Services Authority (DFSA). This approval allows Ripple to offer managed payment services across the United Arab Emirates (UAE). This milestone represents a significant step in Ripple's effort to expand its presence in the region.
With the DFSAâs approval, Ripple plans to launch its services from the Dubai International Financial Centre (DIFC). Ripple will now provide seamless cross-border payment solutions, including Ripple Payments Direct (RPD), to customers in the UAE. This move is part of Ripple's broader strategy to enhance financial services by offering faster, more affordable, and more efficient payment systems.
The post "Ripple Secures In-Principle Approval for Financial Services License from DFSA" first appeared on 36crypto.com News.
