💥This makes Ripple the first licensed #blockchain-enabled payment services provider by the #DFSA and will roll out blockchain payment solutions in the #UAE.

Odaily Planet Daily News According to official news, Ripple announced that it has obtained in-principle approval for a financial services license from the Dubai Financial Services Authority (DFSA), unlocking its end-to-end managed payment services in the UAE. Ripple will expand its services from the Dubai International Financial Center (DIFC) and introduce seamless cross-border payment services in the UAE, including Ripple Payments Direct (RPD). With the authorization of the DFSA, Ripple will launch its enterprise-level digital asset infrastructure to a wider customer base in the UAE. This expansion is in line with Ripple's mission to provide enterprises with faster, more cost-effective and more efficient cross-border payment solutions by combining regulatory compliance with continued investment in key infrastructure components such as liquidity, custody, and deposit and withdrawal channels between fiat currencies and digital assets.