Digital asset infrastructure provider Ripple has announced that it has received in-principle approval from the Dubai Financial Regulatory Authority (DFSA) to expand its services at the Dubai International Financial Center (DIFC). This is expected to significantly strengthen Ripple's global presence as a regulated company in the UAE.
According to ThePaypers, DFSA approval will allow Ripple to implement secure and efficient cross-border payment solutions, including Ripple Payments Direct (RPD). Ripple will be able to deploy its enterprise-grade digital asset infrastructure to a wider customer base in the UAE region.$xr
The license is part of Ripple's strategy to work with regulators around the world to integrate blockchain and crypto technologies that complement the existing financial system.
