Dubai International Financial Center CEO Arif Amiri said Ripple was the first licensed blockchain payment provider in the DIFC.
Update March 13, 9:22 am UTC: This article has been updated to add comments from a Ripple spokesperson.
Blockchain payment provider Ripple received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE).
The company announced on March 13 that it had secured its DFSA license, allowing it to operate in the Dubai International Financial Center (DIFC), a UAE free-economic zone with its own tax policies and regulatory framework.
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