• 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

SEI Crypto Set for Major Upgrades and Institutional Partnerships

chest

SEI crypto is preparing for significant upgrades and partnerships to enhance throughput, reduce latency, and drive adoption.

user avatarLeo van der Veen

Drivers Behind the Surge in Tokenized Equities

chest

The remarkable growth of tokenized equities can be attributed to several key factors, including increased regulatory clarity in major jurisdictions and active participation from global investment banks and asset managers.

user avatarLi Weicheng

GRASS Token Attracts Investor Interest with Unique AI Data Focus

chest

The GRASS Network, a Solana-based protocol, has gained significant attention following a $45 million seed funding round led by Polychain Capital.

user avatarAisha Farooq

Bithumb Schedules Maintenance for Point Shop Service

chest

Bithumb has announced routine maintenance for its Point Shop service, affecting reward points but not cryptocurrency trading.

user avatarTenzin Dorje

Arkham Intelligence to Cut Support for Linea Blockchain

chest

Arkham Intelligence will discontinue support for the Linea blockchain on January 11 due to a periodic review of its relevance.

user avatarBayarjavkhlan Ganbaatar

Beneficial Ownership Transparency Initiative Launched

chest

The US Corporate Transparency Act aims to reveal the true owners of corporate entities to combat fraud and corruption.

user avatarDiego Alvarez

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.