📢 In UAE 🇦🇪, US-based crypto payment gateway Ripple 🇺🇸 obtained a license

📢 In UAE 🇦🇪, US-based crypto payment gateway Ripple 🇺🇸 obtained a license

This payment platform is expected to drive greater adoption of stablecoins.

➡️ With the DFSA license, Ripple became the first officially recognized blockchain-based payment provider in Dubai.

➡️ Key facts: Ripple's own stablecoin, RLUSD, launched in late December, has already surpassed $130 million in market capitalization.

➡️ Context: The Middle East hosts around 20% of Ripple’s global customer base. Additionally, UAE is a major outbound financing hub, with an international trade market valued at over $400 billion. The crypto gateway is currently experiencing growing demand from both crypto companies and traditional financial institutions seeking solutions to enhance cross-border payment efficiency.

#news #crypto #middleeast

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