According to Odaily Planet Daily, Ripple announced that it had 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 Centre (DIFC) and introduce seamless cross-border payment services in the UAE, including Ripple Payments Direct (RPD).
With the DFSAâs authorisation, Ripple will roll out its enterprise-grade digital asset infrastructure to a wider customer base in the UAE, providing faster, more cost-effective and more efficient cross-border payment solutions.
