Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
ZyCrypto 2025-03-13 17:52:48

$3 XRP Price Explosion In The Cards As Ripple Taps UAE’s Thriving $40 Billion Cross-Border Payments Market

$3 XRP Price Explosion In The Cards As Ripple Taps UAE’s Thriving $40 Billion Cross-Border Payments Market

Ripple, a leading provider of enterprise blockchain and crypto solutions, announced Thursday that it had bagged full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE). With its new Dubai license, Ripple is poised to tap into the UAE’s flourishing $40 billion cross-border payments market. Ripple Secures Regulatory Approval To Offer Crypto Payments In UAE Ripple has just obtained a license to offer blockchain-powered payment solutions in Dubai. The approval makes Ripple the first payments provider of its kind licensed to operate within the Dubai International Financial Centre (DIFC) and marks a huge expansion in the Middle East. “We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption,” said Ripple CEO Brad Garlinghouse in a statement . https://twitter.com/Ripple/status/1900049647239934345 Garlinghouse added that the UAE is “exceptionally well-placed” to benefit from this period of growth as it has taken early steps to create a conducive environment for cryptocurrency innovation. The latest approval follows Ripple’s in-principle DFSA license approval in October 2024, which allowed the firm to launch its services in the DIFC, a UAE free-zone with its own tax policies and regulatory framework. “This latest regulatory approval positions Ripple to further accelerate growth and innovation in a high-potential market,” Ripple wrote. The company noted on March 13 that the United Arab Emirates boasts a $40 billion cross-border payments market, which has witnessed demand for more seamless payment solutions. Ripple believes the need for real-time settlements will also fuel stablecoin adoption in the region. Ripple’s U.S.-dollar-backed RLUSD stablecoin launched in December and currently has a market capitalization of around $135 million. Ripple vs. SEC Ripple’s official entry into the UAE market comes amid reports that the U.S. Securities and Exchange Commission (SEC) is preparing to end its enforcement action against the company after more than four years. This comes as the agency, under U.S. President Donald Trump and the helm of Mark Uyeda , has shifted to a positive stance on crypto. Despite the prolonged case, Ripple remained undeterred, boasting an extensive license portfolio. With the DFSA license, Ripple’s global regulatory approval count now exceeds 60, including a Major Payments Institution license from the Monetary Authority of Singapore (MAS) and the New York Department of Financial Services (NYDFS) Trust Charter, among others. Ripple’s Dubai license and the potential resolution of the Ripple-SEC lawsuit are set to position XRP for more mainstream adoption, as the XRPArmy envisions the highly coveted $3 price point. The crypto asset was trading at $2.32 at press time, reflecting a 7% jump over the past 24 hours.

Most Read News



Cryptohopper
Market Cap
24h Vol
60.37%
Bitcoin Share
759
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.