Ripple Becomes First Blockchain Payments Provider to Secure DFSA License in Dubai

Ripple earns DFSA approval, securing its place as the first blockchain payments provider licensed in Dubai’s DIFC.

Fridah Kangai
March 13, 2025
6:30 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Ripple secures a DFSA license, becoming the first blockchain payments provider approved in Dubai’s financial hub.
The UAE’s $400 billion trade market fuels demand for Ripple’s blockchain solutions in cross-border transactions.
Ripple expands in the Middle East as 64% of finance leaders favor faster blockchain technology payments.

Ripple secured its DFSA license to become the first blockchain-enabled payment service provider supervised by the DFSA, placing the company at the center of the Middle Eastern market.

Ripple shows its dedication to regulatory compliance through its continued market development in the Middle East region. The banking sector selected Ripple because its blockchain solutions provide financial payment solutions to become a leading choice for digital asset adoption in the United Arab Emirates.

Ripple Expands in the Middle East Amid Growing Demand

Ripple leader Brad Garlinghouse stated that fast crypto industry growth occurs because financial organizations deliberately adopt regulatory standards. From his perspective, the UAE is a premier blockchain innovation center because of the country’s forward-looking attitude.

The UAE participates actively in global financial solutions because it operates a $400 billion international trade market. Financial institutions and crypto-native companies express growing interest in Ripple since it addresses the problems with slow payment processing and excessive fees within cross-border transactions.

A recent Ripple business survey revealed that 64% of finance leaders across the Middle East and Africa (MEA) region consider blockchain-based currencies to provide faster payments as their primary advantage. Ripple works toward enhancing financial transactions using digital assets while sharing this objective with their business model.

Ripple opened its regional headquarters within DIFC in 2020, which led to regional expansion across the Middle East. The new license strengthens the company in a high-market potential sector because more than one-fifth of its worldwide customers operate within this region.

The DFSA license strengthens Ripple’s ability to serve market needs related to quick, transparent cross-border transactions. The company remains active with regulators to develop and adopt blockchain technology within financial sector operations.

Also Read: Ripple Pledges $50 Million to Support National Cryptocurrency Association