Ripple has received full regulatory approval from the Dubai Financial Services Authority (DFSA) to provide blockchain-powered payment solutions. This marks Ripple as the first payment provider licensed to operate within the Dubai International Financial Centre (DIFC), significantly expanding its presence in the Middle East. With the new license, Ripple aims to tap into the UAE's $40 billion cross-border payments market. CEO Brad Garlinghouse emphasized the UAE's conducive environment for tech and crypto innovations. This approval follows Ripple's previous license obtained in October 2024 and is part of the company's ongoing expansion in the region, where nearly 20% of its global customers are now based. The approval adds to Ripple's growing list of global regulatory approvals, which now exceeds 60. However, Ripple continues to face a lawsuit from the U.S. Securities and Exchange Commission (SEC) regarding the status of its cryptocurrency, XRP, as an unregistered security.

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