Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-ratings.com
May 14, 2025 at 21:18
UAE's Ripple Partnership Strengthens Digital Asset Presence in Middle East
Ripple Labs recently held discussions with officials from the United Arab Emirates (UAE) during the Dubai Fintech Summit.
The meeting, led by Ripple President Monica Long, focused on enhancing digital payment infrastructures and fostering financial innovation.
Ripple expressed admiration for Dubai, citing its emergence as a key global hub for digital assets in a post on social media.
Since opening an office in Dubai in 2020, Ripple’s customer base in the Middle East has risen significantly, now comprising 20% of its global total.
Additionally, Ripple's partnership with the Dubai International Financial Centre (DIFC) has been pivotal in this regional expansion.
The collaboration with DIFC’s Innovation Hub aims to drive blockchain and cryptocurrency adoption among startups and technology companies.
As stated by Ripple CEO Brad Garlinghouse, this partnership establishes a foundation for greater integration of blockchain solutions like XRPL in the area.
The initiative highlights the UAE's commitment to becoming a leading environment for digital innovation.
With this growing presence, Ripple is positioning itself at the forefront of the evolving financial landscape in the Middle East.
This development reaffirms the significance of strategic partnerships in accelerating the global shift towards digital currencies.
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