Ripple (CRYPTO: XRP) on Thursday announced it has secured authorization from the Dubai Financial Services Authority (DFSA) to deliver regulated cryptocurrency payment services within the Dubai International Finance Centre (DIFC),

Ripple will be the first blockchain-enabled payments provider licensed by the DFSA. Arif Amiri, Chief Executive Officer of DIFC Authority, commented, "We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA licence that makes them the first blockchain-enabled payments provider in DIFC.

This makes Ripple the first blockchain payments provider licensed in the Dubai International Finance Centre (DIFC), unlocking fully regulated cross-border cryptocurrency transactions in the United Arab Emirates (UAE) positioning Ripple to capitalize on a $40 billion cross-border payments market in the UAE, according to World Bank data.

Crypto payments processor Ripple receives full DFSA approval from Dubai regulators as it expands its Middle East presence.

Ripple secures a DFSA license to offer regulated crypto payments in Dubai, enhancing its role in global financial solutions.

Ripple secures DFSA license for crypto payments in UAE by receiving approval from the Dubai Financial Services Authority (DFSA)

Payments utility is also expected to drive greater stablecoin adoption in the UAE for their real time settlement value proposition.

Ripple received regulatory approval from Dubai’s Financial Services Authority (DFSA) to offer cross-border crypto payments.

Ripple, the company behind the XRP (XRP-USD) cryptocurrency, secured regulatory approval to offer crypto payments and services in the United Arab Emirates, making it the first blockchain-enabled payments provider licensed by the Dubai Financial Services Authority,