Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Milei closes Libra Task Force and investigates ties with its administration

2025-05-20

Ethereum: What you need to know about the 10-year low exchange stock of ETH

2025-05-20

The Supreme Court of India calls for clear crypto guidelines not outright prohibition

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»UAE regulatory approval supports Ripple’s quest to rival SWIFT in cross-border payments
UAE regulatory approval bolsters Ripple’s quest to rival SWIFT in cross-border payments
Regulation

UAE regulatory approval supports Ripple’s quest to rival SWIFT in cross-border payments

2024-10-01No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ripple has received in-principle approval from the Dubai Financial Services Authority (DFSA), marking a significant step in its efforts to drive financial services innovation in the United Arab Emirates (UAE), according to an October 1 statement .

This makes the company the first blockchain-based payment service provider to obtain a license from the DFSA, further cementing its role as a regulated global entity.

Meanwhile, the latest DFSA approval adds to Ripple’s existing portfolio of more than 55 licenses worldwide, including those from the Monetary Authority of Singapore (MAS) and the New York Department of Financial Services (NYDFS).

What this means for Ripple

Ripple said this DFSA approval would allow the company to expand its operations in the Dubai International Financial Center (DIFC).

Additionally, the approval allows Ripple to deploy its enterprise-level digital asset infrastructure in the UAE, including the launch of its Ripple Payments Direct (RPD) solution for cross-border payments.

The licensing could therefore help the company achieve its mission of delivering faster, more cost-efficient cross-border payment services, while integrating regulatory compliance with continued investments in critical infrastructure elements such as liquidity management, asset custody and seamless transitions between fiat and payment transactions. digital currency.

Notably, global investment bank Houlihan Lokey recently noted that Ripple’s continued growth could help the company become a major challenger to SWIFT, the dominant player in cross-border payments. The company stated:

“While legacy SWIFT is still the messaging network of choice, it faces competition from card networks, blockchain solutions (Ripple), FinTechs (Airwallex, Nium and Wise) and other banking networks.”

Growth in the UAE

Meanwhile, the license move is part of Ripple’s broader strategy to grow its presence in the Middle East, having set up its regional headquarters in Dubai in 2020.

See also  Disgraced FTX founder Sam Bankman-Fried appeals his fraud conviction and 25-year prison sentence

Ripple attributes its growth in the Middle East to the regulatory clarity in the UAE, which has created an environment for innovative crypto companies to flourish. The country’s regulatory framework also provides Ripple with access to fast-growing markets in Africa, South Asia and other regions.

Ripple CEO Brad Garlinghouse highlighted the UAE’s leadership in financial technology, stating:

“With its progressive regulatory approach and clear guidance for innovative companies looking to invest and scale, the UAE is positioning itself as a global leader in this new era of financial technology.”

Mentioned in this article
Latest Middle East Stories

Source link

Approval crossborder Payments Quest Regulatory Ripples Rival Supports Swift UAE
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The Supreme Court of India calls for clear crypto guidelines not outright prohibition

2025-05-20

‘Very resilient’ American economy under three reasons that Fed will not lower in 2025: Yardeni Research

2025-05-20

SEC’s new interim watchdog Katherine Reilly to direct crypto fraud as a top priority

2025-05-20

US Senate to vote on brilliant Stabilecoin bill despite political gaps

2025-05-20
Add A Comment

Comments are closed.

Top Posts

RWA -Tokenization is central to Hong Kong

2025-04-09

Someone dropped 21,000 ordinal numbers to Bitcoin users as part of a mysterious game

2024-01-22

BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

2025-05-19
Editors Picks

Wyoming Senator Cynthia Lummis Aims to Pass New Crypto Bill in Early 2024: Report

2023-11-06

Shiba Inu Burn Sees Another 350 Million Meme Coins Incinerated

2023-08-26

Crypto.com receives regulatory approval for electronic money institutions in Britain with Financial Conduct Authority

2023-12-04

CFTC’s $175,000 Fine on Uniswap Labs Sparks Dispute Over Suppressing DeFi Innovation

2024-09-04
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Milei closes Libra Task Force and investigates ties with its administration

Ethereum: What you need to know about the 10-year low exchange stock of ETH

The Supreme Court of India calls for clear crypto guidelines not outright prohibition

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,732.890.97%
  • ethereumEthereum(ETH)$2,505.45-0.66%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.35-1.75%
  • binancecoinBNB(BNB)$648.730.01%
  • solanaSolana(SOL)$167.930.74%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.224505-0.09%
  • cardanoCardano(ADA)$0.74-0.44%
  • tronTRON(TRX)$0.2704361.93%
  • suiSui(SUI)$3.881.97%
  • chainlinkChainlink(LINK)$15.58-1.44%
  • avalanche-2Avalanche(AVAX)$22.430.75%
  • stellarStellar(XLM)$0.2867400.06%
  • hyperliquidHyperliquid(HYPE)$25.90-3.05%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.38%
  • hedera-hashgraphHedera(HBAR)$0.1933760.36%
  • unus-sed-leoUNUS SED LEO(LEO)$8.770.98%
  • bitcoin-cashBitcoin Cash(BCH)$391.06-0.23%
  • the-open-networkToncoin(TON)$3.071.59%
  • polkadotPolkadot(DOT)$4.640.73%
  • litecoinLitecoin(LTC)$93.78-5.40%
  • moneroMonero(XMR)$348.261.40%
  • bitget-tokenBitget Token(BGB)$5.15-0.24%
  • pepePepe(PEPE)$0.000013-1.42%
  • piPi(PI)$0.752.17%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • aaveAave(AAVE)$257.477.17%
  • uniswapUniswap(UNI)$5.88-1.53%
  • bittensorBittensor(TAO)$414.681.48%
  • nearNEAR Protocol(NEAR)$2.780.54%
  • aptosAptos(APT)$5.14-0.53%
  • okbOKB(OKB)$52.18-0.11%
  • ondo-financeOndo(ONDO)$0.941.39%
  • kaspaKaspa(KAS)$0.1091091.73%
  • ethereum-classicEthereum Classic(ETC)$18.34-0.76%
  • internet-computerInternet Computer(ICP)$5.22-0.09%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.413.61%
  • gatechain-tokenGateToken(GT)$21.39-0.25%
  • crypto-com-chainCronos(CRO)$0.0965230.82%
  • mantleMantle(MNT)$0.752.68%
  • vechainVeChain(VET)$0.0282260.86%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231171-0.88%
  • render-tokenRender(RENDER)$4.631.33%
  • ethenaEthena(ENA)$0.3764422.81%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • algorandAlgorand(ALGO)$0.222157-0.03%
  • arbitrumArbitrum(ARB)$0.389617-0.21%
  • filecoinFilecoin(FIL)$2.83-1.52%
  • bitcoinBitcoin(BTC)$106,732.890.97%
  • ethereumEthereum(ETH)$2,505.45-0.66%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.35-1.75%
  • binancecoinBNB(BNB)$648.730.01%
  • solanaSolana(SOL)$167.930.74%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.224505-0.09%
  • cardanoCardano(ADA)$0.74-0.44%
  • tronTRON(TRX)$0.2704361.93%
  • suiSui(SUI)$3.881.97%
  • chainlinkChainlink(LINK)$15.58-1.44%
  • avalanche-2Avalanche(AVAX)$22.430.75%
  • stellarStellar(XLM)$0.2867400.06%
  • hyperliquidHyperliquid(HYPE)$25.90-3.05%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.38%
  • hedera-hashgraphHedera(HBAR)$0.1933760.36%
  • unus-sed-leoUNUS SED LEO(LEO)$8.770.98%
  • bitcoin-cashBitcoin Cash(BCH)$391.06-0.23%
  • the-open-networkToncoin(TON)$3.071.59%
  • polkadotPolkadot(DOT)$4.640.73%
  • litecoinLitecoin(LTC)$93.78-5.40%
  • moneroMonero(XMR)$348.261.40%
  • bitget-tokenBitget Token(BGB)$5.15-0.24%
  • pepePepe(PEPE)$0.000013-1.42%
  • piPi(PI)$0.752.17%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • aaveAave(AAVE)$257.477.17%
  • uniswapUniswap(UNI)$5.88-1.53%
  • bittensorBittensor(TAO)$414.681.48%
  • nearNEAR Protocol(NEAR)$2.780.54%
  • aptosAptos(APT)$5.14-0.53%
  • okbOKB(OKB)$52.18-0.11%
  • ondo-financeOndo(ONDO)$0.941.39%
  • kaspaKaspa(KAS)$0.1091091.73%
  • ethereum-classicEthereum Classic(ETC)$18.34-0.76%
  • internet-computerInternet Computer(ICP)$5.22-0.09%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.413.61%
  • gatechain-tokenGateToken(GT)$21.39-0.25%
  • crypto-com-chainCronos(CRO)$0.0965230.82%
  • mantleMantle(MNT)$0.752.68%
  • vechainVeChain(VET)$0.0282260.86%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231171-0.88%
  • render-tokenRender(RENDER)$4.631.33%
  • ethenaEthena(ENA)$0.3764422.81%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • algorandAlgorand(ALGO)$0.222157-0.03%
  • arbitrumArbitrum(ARB)$0.389617-0.21%
  • filecoinFilecoin(FIL)$2.83-1.52%