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

On March 13, the U.S.-based digital payments company Ripple announced that it has received a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments and services in 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.

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

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

Ripple gains DFSA licence to expand crypto payments in the UAE, securing over 60 global approvals & attracting institutional interest in XRP.

Ripple Secures Crypto Payments License from Dubai Regulator DIFC In a significant development, Ripple has obtained a license from the Dubai

Ripple just secured a Dubai Financial Services Authority (DFSA) license to provide regulated crypto payments in the Dubai International Financial Centre (DIFC), according to a press release on Thursday.

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,