On March 13, 2025, Ripple, a blockchain-based crypto payment company, announced that it had officially secured a license from DFSA, a regulatory authority in the UAE. It will now perform cross-border crypto payments in Dubai. This will allow crypto users and businesses in the UAE to use a cheaper, faster, and more efficient payment network.
Arif Amiri, who is the CEO of Dubai International Financial Centre, has made a statement, saying that Ripple has now become the first blockchain-based company in the UAE to allow cross-border payment services. This license will allow Ripple to work within the DFSA area, which is a free economic zone. The company got its approval to start the process for licensing in October 2024.
Ripple’s CEO Praises UAE for Supporting Crypto Payment
Ripple says, securing a licence from DFSA is a major achievement for them. The company can now deliver its crypto payment services to the UAE’s citizens and regular businesses. It will use XRP technology for allowing faster and cheaper cross-border payments services. It can now provide necessary tools to banks, firms, and other monetary groups in the UAE.
Brad Garlinghouse, the CEO of Ripple, complimented the UAE for making an environment supportive, which is required for crypto growth and technology. He adds that we are experiencing tremendous growth in the crypto industry due to clarity over crypto regulations and increasing crypto investments.
Moreover, Ripple noticed that there is a growing demand in the Middle East from crypto companies and traditional banks for cross-border crypto payments.
Ripple Introduces Blockchain Payments in DIFC
On March 13, 2025, Ripple became the first Blockchain payment company to operate in the DIFC-free zone, which is a center for many international financial institutions. This achievement will help Ripple become the top player in making crypto payments in the region.
The CEO of DIFC, Arif Amiri, expressed his excitement about Ripple’s decision to focus more on Dubai and the UAE. He said, they are excited as Ripple showed a big commitment to Dubai by getting the DFSA licence.
Arif Amiri, futher added that this big achievement is not only for the Ripple but also for the entire Middle East and North Africa(MENA) region. With the help of this approval, Ripple can now expand its services and help the region improve its financial systems.
Ripple Expands Globally with Over 60 Regulatory Approvals
As a part of its plan to expand globally, Ripple has now entered the UAE space. Ripple got the approval of 60 regulators worldwide, this makes Ripple a leader in Blockchain-based financial solutions. The company has also received licenses from organizations like the Monetary Authority of Singapore (MAS), the New York Department of Financial Services (NYDFS), and the Central Bank of Ireland.
This worldwide recognition shows the dedication of Ripple to follow crypto regulations and work with authorities to improve cross-border crypto payments and financial services. The company’s main focus is to offer secure and reliable Blockchain payment solutions.
Conclusion
Getting Approval from DFSA is an important step for Ripple. The company’s moment to enter the UAE came from the demand from the Middle East for secure Blockchain payment. Moreover the Ripple, crypto payment company got approval from over 60 regulatory authorities worldwide.
Interested in knowing UAE’s crypto payment market, then keep your eyes on The Bit Journal
FAQs
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1. What is Ripple?
Ripple is a blockchain-based crypto payment company developed in 2012
2. Why is the DFSA license important for Ripple?
DFSA license will allow Ripple to enable crypto payment services in Dubai.
3. When did Ripple get the DFSA license?
Ripple secured the license on March 13, 2025.
4. Who is the CEO of Ripple?
Brad Garlinghouse is the CEO of Ripple.
5. Where will Ripple operate in Dubai?
Ripple will operate in the DIFC-free zone.
Glossary
DFSA – Dubai Financial Services Authority is a regulatory authority of Dubai established in 2004
XRP – a cryptocurrency of Ripple
DIFC – Dubai International Financial Centre is Dubai’s financial hub
Cross-Border Payments – Payment between different countries.
Regulatory Approval – Legal permission from authorities
Sources
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