According to U.Today, Ripple has announced a partnership with the DIFC Innovation Hub in Dubai to advance blockchain innovation in the UAE. The DIFC Innovation Hub is home to over 1,000 tech firms, digital labs, venture capital firms, and other key players in the sector. This collaboration aims to support early-stage companies integrating blockchain and cryptocurrency into their operations, as well as traditional large organizations looking to adopt these technologies.

The partnership is seen as a continuation of Ripple's previous initiatives. In 2021, Ripple committed and invested 1 billion XRP to promote the development and use of the XRP Ledger (XRPL) globally. This investment has provided developers with the financial, technical, and business support needed to succeed in the blockchain field. To date, Ripple has reportedly assisted over 160 teams in 47 countries.

Dubai has also become a significant location for Ripple, hosting the Ripple Swell conference and allowing the use of XRP since November 2023. Licensed virtual asset firms registered with the DIFC can now include XRP in their services. This partnership is expected to bolster the UAE's position as a global fintech hub and further establish Ripple in one of the world's financial centers. Additionally, XRP is anticipated to gain greater recognition and open new avenues for adoption.