• 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

Avalanche Demonstrates Builder Strength in Crypto Market

chest

Avalanche continues to attract developers with its innovative infrastructure, but struggles to engage retail investors.

user avatarMaria Fernandez

Coinbase Stock Declines for Fourth Consecutive Day

chest

Coinbase's stock price has fallen for four consecutive days amid market volatility, closing at 21695 on January 23, 2026, with no official explanation from the company.

user avatarRajesh Kumar

Trump's America First Policy Reshapes Global Economic Landscape

chest

The United States under President Trump is leading a significant shift in the global economy, prompting allies to reduce their dependence on American influence.

user avatarGustavo Mendoza

Initial Jobless Claims Data to Be Released Amid Financial Events

chest

Initial jobless claims data will be released by the US Labor Department on January 29, 2025, providing insights into labor market conditions and influencing economic perceptions.

user avatarMiguel Rodriguez

Key Global Leaders to Address Markets Ahead of Fed Decision

chest

Key global leaders, including US President Donald Trump and ECB President Christine Lagarde, will address economic policies and geopolitical issues on January 27-28, 2025, potentially impacting global markets ahead of the Federal Reserve's interest rate decision.

user avatarLuis Flores

Federal Reserve's Interest Rate Decision to Shape Market Dynamics

chest

The Federal Reserve's interest rate decision on January 28, 2025, is expected to significantly impact market dynamics and investment strategies.

user avatarArif Mukhtar

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.