According to Odaily, Ripple has announced that it has received in-principle approval for a financial services license from the Dubai Financial Services Authority (DFSA). This approval will enable Ripple to offer end-to-end managed payment services in the United Arab Emirates (UAE). Ripple plans to expand its services from the Dubai International Financial Centre (DIFC) and introduce seamless cross-border payment services, including Ripple Payments Direct (RPD), in the UAE.
With the authorization from the DFSA, Ripple aims to provide its enterprise-grade digital asset infrastructure to a broader customer base in the UAE. This expansion aligns with Ripple's mission to offer faster, more cost-effective, and efficient cross-border payment solutions by combining regulatory compliance with continuous investment in key infrastructure components such as liquidity, custody, and fiat-to-digital asset channels.
