• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple aims to develop the crypto ecosystem in the Middle East and Africa

user avatar

by Giorgi Kostiuk

a year ago

Ripple is establishing itself in the Middle East and Africa, directing efforts towards the development of the cryptocurrency ecosystem.

Understanding Progressive Regulations

Ripple's managing director for the Middle East and Africa, Reece Merrick, acknowledges that the United Arab Emirates (UAE) foster blockchain innovation through progressive regulations. "The future of finance is being built here," he said.

Focus on Stablecoins

Last year, the UAE Central Bank regulated the use of stablecoins, allowing payments using dirham-pegged tokens. Merrick noted, "Stablecoins are cutting costs & speeding up transfers—bringing the Middle East, South Asia, & Africa together like never before."

Strengthening Regional Presence

Ripple has a strong presence in the MENA region, having secured partnerships with banking institutions in the UAE, Kuwait, and Saudi Arabia. In 2020, the National Bank of Fujairah (NBF) joined the RippleNet network. Amid the SEC lawsuit, the company considered moving its headquarters to the UAE but remained in San Francisco.

Ripple continues to expand its presence and capabilities in the region, offering advanced solutions in cryptocurrency and blockchain.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Potential Christmas Rally for Bitcoin Illustrated by Analyst

chest

Crypto analyst RBswingtrader illustrates a potential Christmas rally for Bitcoin, targeting the 108,519 region if the price recovers from its current lows.

user avatarZainab Kamara

Pepe PEPE Continues to Dominate Meme Culture

chest

Pepe PEPE has solidified its status as a leading meme coin, leveraging viral momentum and broad community visibility.

user avatarSon Min-ho

BC Card Launches Stablecoin Payment Pilot for Foreigners

chest

BC Card has launched a pilot program allowing stablecoin payments at local merchants for foreigners, integrating overseas wallets into the domestic payment system.

user avatarAyman Ben Youssef

Bitcoin Mining Adjustments Amid Market Pressures

chest

Bitcoin miners are underclocking their machines to conserve energy amid current market pressures, as revealed by Ethan Vera, COO of Luxor Technology.

user avatarKofi Adjeman

Ways to Engage in the Hamster Kombat Daily Cipher.

chest

Players can easily participate in the Hamster Kombat Daily Cipher through Telegram by decoding Morse code for rewards.

user avatarNguyen Van Long

Hamster Kombat Daily Cipher Becomes Popular with Players.

chest

The Hamster Kombat Daily Cipher has become a popular event in the play-to-earn gaming sector, attracting thousands of players daily.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.