Ripple has gained a key license to offer payment services in the UAE, making it the first blockchain payments provider licensed by the Dubai Financial Services Authority. With 20% of its customers in the Middle East, Ripple sees promising growth opportunities.
Current data indicates that 85% of finance and enterprise firms in the region have gained confidence in digital assets over the past six months, with Ripple’s stablecoin, RLUSD, positioning itself as a crucial player in this thriving market.
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