• 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

JPMorgan Launches New Blockchain-Based Money Market Fund

chest

JPMorgan is launching a new blockchain-based money market fund that will invest in US treasury securities.

user avatarAyman Ben Youssef

XRP Ledger Gains Attention as Banks Prepare for SWIFT Changes

chest

Banks are increasingly interested in the XRP Ledger as they prepare for changes to the SWIFT messaging system, recognizing its efficiency and compliance with new ISO 20022 standards.

user avatarNguyen Van Long

SWIFT's New ISO 20022 Mandate to Transform Global Banking

chest

A crypto analyst warns that the global banking system will undergo significant changes due to SWIFT's new ISO 20022 mandate, which will take effect in November 2026.

user avatarTando Nkube

Ethereum Market Experiences Calm Amid Strong ETF Inflows

chest

The Ethereum market is currently witnessing a notable calm after a period of increased activity, particularly on cryptocurrency exchanges. As bullish momentum gradually returns, the ETH Exchange Flux Balance indicates reduced trading activity.

user avatarKofi Adjeman

Exodus Transitions from Wallet to Payments Company

chest

Exodus is transitioning from a wallet company to a payments company, launching the Exodus Pay platform and XO Cash stablecoin.

user avatarSatoshi Nakamura

Google Launches Gemini Intelligence to Transform Android Experience

chest

Google has launched Gemini Intelligence, an AI feature aimed at automating tasks across apps on Android devices.

user avatarJesper Sørensen

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.