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Dubai

Ripple becomes first blockchain-enabled payments provider to secure DFSA licence

by Staff Writer Thu 13 Mar 2025Thu 13 Mar 2025

Having established its Middle East headquarters in DIFC in 2020, more than 20 per cent of its global customer base is already operating in the region

Latest in Ripple

Blockchain

Ripple announces launch of globally tradeable USD-denominated stablecoins

by Staff Writer Tue 17 Dec 2024Tue 17 Dec 2024

The company said Raghuram Rajan, former Governor of the Reserve Bank of India, and Kenneth Montgomery, former First Vice President and Chief Operating Officer of the Federal Reserve Bank of Boston, will join the RLUSD advisory board

DFSA

Ripple secures in-principle approval from DFSA to expand cross-border payment services in UAE

by Staff Writer Tue 1 Oct 2024Tue 1 Oct 2024

Ripple becomes the first blockchain-enabled payment services provider to be licensed by the DFSA

Blockchain

Crypto firm Ripple teams up with DIFC to boost blockchain business in Dubai

by Staff WriterWed 7 Aug 2024Thu 8 Aug 2024

DIFC and Ripple set to accelerate blockchain and crypto innovation in Dubai

Abu Dhabi Global Market

Is the UAE desert sun the answer to a global crypto winter?

by Sarthak Chawla and Ankita Dhawan Thu 21 Sep 2023Mon 18 Sep 2023

Innovation-focussed crypto businesses do not want to get pigeon-holed into traditional definitions of securities and commodities, because this will decide the future of the entire industry across the world

Cryptocurrency

Ripple Labs gets US court okay for its public sale on crypto exchange

by Staff WriterMon 17 Jul 2023Mon 17 Jul 2023

The ruling marks the first favourable outcome for a crypto company facing a case brought by the US SEC

One of LuLu Exchange's 83 branches in the UAE

Blockchain

LuLu Exchange partners with National Bank of Egypt through RippleNet to enhance payments experience to Egypt

by ITPWed 19 May 2021Wed 6 Oct 2021

Partnership aims to make UAE-Egypt cross-border remittances more reliable, seamless and accessible

Rakbank is increasingly utilising AI technology to help engage with customers in the form of an interactive and cognitive chatbot that allows bank employees to quickly route pending request to human advisors.

banking

Banks should encourage blockchain companies, says Rakbank CEO

by Bernd Debusmann JrTue 9 Jul 2019Thu 7 Oct 2021

Rakbank uses blockchain to send fast cross-border payments to Axis Bank beneficiaries in India

The platform can be used with Bitcoin, Ethereum, Stellar, Ripple, and others, including capabilities to list securities, commodities, and facilitation of forex transactions, subject to regulatory approvals.

Abu Dhabi Global Market

MidChains plans to open crypto exchange in Abu Dhabi

by Sam BridgeWed 6 Mar 2019Wed 6 Oct 2021

Financial investment exchange says platform will be focused on the institutional market and professional investors

ABK said it will be one of the few financial institutions in Kuwait to reduce transaction times from days to a few minutes for its customers as part of the agreement.

Al Ahli Bank of Kuwait

Kuwaiti bank signs Ripple deal to speed up payments

by Sam BridgeThu 14 Feb 2019Wed 6 Oct 2021

Al Ahli Bank of Kuwait announces partnership with financial technology firm Ripple to enable instant cross-border payments

Dubai would join Ripple's network of offices in San Francisco, New York, London, Sydney, India, Singapore and Luxembourg.

Bitcoin

Crypto giant Ripple plans to open office in Dubai

by Sam BridgeSat 3 Nov 2018Wed 6 Oct 2021

Senior Ripple executive says Middle East is important as a new market for the company

Bitcoin

Bitcoin falls sharply again as cryptocurrency slump deepens

by BloombergThu 6 Sep 2018Thu 7 Oct 2021

Cryptocurrency bulls who counted on an expanding user base to drive up prices have been dealt a string of recent disappointments

A mobile phone displaying virtual currencies exchange rates. Saudi standing committee that not only are these activities all outside the scope of government supervision, but that cryptocurrencies have also been used for a variety of illicit activity.
Photo: GEOFFROY VAN DER HASSELT/AFP/Getty Images.

Bitcoin

Trading in Bitcoin illegal in Saudi Arabia, officials warn

by Staff Writer Mon 13 Aug 2018Thu 7 Oct 2021

Saudi financial officials reissue warnings against cryptocurrencies after internet

Bitcoin

Bitcoin extends rally, breaching $8,000 for first time since May

by Staff Writer Tue 24 Jul 2018Thu 7 Oct 2021

With the latest gains, the total value of cryptocurrencies worldwide is again approaching $300 billion

The biggest cryptocurrency rose less than 1 percent from its Friday close to $6,103 as of 8:44 a.m. in New York, according to composite Bloomberg pricing. It slumped to as low as $5,780 on Sunday, breaching the previous 2018 nadir set in February, according to weekend Bitstamp prices.

Bitcoin

Bitcoin struggles to hold $6,000 level after 2018 low hit

by Staff Writer Mon 25 Jun 2018Thu 7 Oct 2021

Bitcoin has tumbled more than 55 percent this year as regulators spanning the globe step up scrutiny of what critics have criticized as a vehicle for fraud