• 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

US Senate Crypto Bill Markup Faces Delay

chest

The Senate Banking Committee's markup of the CLARITY Act has been postponed due to a shift in political priorities towards housing policy, creating uncertainty for the cryptocurrency industry.

user avatarTomas Novak

CZ to Speak at World Economic Forum Tomorrow

chest

CZ announced his participation in a panel discussion at the World Economic Forum.

user avatarKaterina Papadopoulou

CZ to be Interviewed by CNBC Tomorrow

chest

CZ will be interviewed by CNBC tomorrow at 3 pm local time in Davos.

user avatarMaya Lundqvist

Market Structure Collapse and Bitcoin Dominance Highlighted by Pantera

chest

Pantera Capital's analysis highlights the 2025 market structure collapse, emphasizing Bitcoin's resilience and dominance amid significant declines in other cryptocurrencies.

user avatarLeo van der Veen

RadixArk Secures $400 Million Valuation, Signaling Growth in AI Infrastructure

chest

RadixArk, a startup spun out from the SGLang project, has secured a valuation of approximately $400 million, highlighting the growth of the AI inference optimization market.

user avatarTenzin Dorje

RadixArk Aims to Revolutionize AI Inference Processing

chest

RadixArk, founded in 2023, aims to optimize AI inference processing to significantly reduce operational costs for enterprises, addressing critical bottlenecks in AI deployment.

user avatarLi Weicheng

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.