On Saturday Dubai International Financial Centre (DIFC) announced that the blockchain solution enterprise for moving money globally or a payments company Ripple is all set to establish its regional headquarters in the Centre.
Established in 2012, Ripple has chosen Dubai International Financial Centre (DIFC) for its expansive network and reputation all over the globe. Ripple and DIFC are all regulated due to their world-class platform, laws, regulations, and their vision to shape the future of finance.
The organization creates financial solutions and services on a global scale, RippleNet customers can now process their payments instantly, at a reliably low cost that too effectively with end-to-end visibility anywhere in the world. As there are numerous institutions that already use RippleNet and it’s spread in more than 45 countries, Creating it one of the leading providers of Blockchain payments.
Chief Executive Officer of DIFC Authority Arif Amiri stated that: “ Leveraging DIFC’s world-class platform, laws, and regulations, our FinTech firms are able to work with other DIFC’s clients, who form part of the region’s largest financial ecosystem, to contribute to the development of the global, regional and local finance industry.”
“During this post-pandemic recovery period, we recognize how digital agendas are being prioritized. Ripple and the other 230+ FinTech related companies in the Centre are key to driving the future of finance.”
“Ripple is one of the most exciting client additions to DIFC this year. They are well regarded globally for innovation in the finance industry and therefore are a perfect partner and client for DIFC, given our vision to drive the future of finance. Together, we will advance the use of blockchain in Dubai, UAE, and the region, and accelerate the Emirates Blockchain Strategy 2021.”
Managing Director for South Asia and MENA at Ripple Navin Gupta said: “Ripple already has a significant client base in the MENA region and the opportunity to co-locate with our customers made DIFC a natural choice.”
“Our regional office will serve as a springboard to introduce our blockchain-based solutions and deepen our ties with even more Financial Institutions in the region. We feel very welcome in our new regional home at DIFC.”