Ripple Tightens Dominance in Middle East’s Crypto Gold Rush

XRP’s parent company doubles down on regulatory partnerships as Gulf states scramble to legitimize their petro-dollars-turned-blockchain experiments.

Dubai’s sandbox darlings get a reality check—Ripple just schooled regional players on how to actually move money across borders without getting blacklisted by SWIFT.

Bonus jab: Meanwhile, traditional banks in the region still think ’DeFi’ is a typo for ’Dubai Financial’.

Moveover, about 85% of finance and enterprise businesses say that they are more confident in digital assets now than they were six months ago. Also, 97% believe that digital assets will be an important part of their business in three years’ time.

Already, 40% of firms in the Middle East and Africa use digital asset custody solutions. Another 56% plan to use them soon. Ripple also launched RLUSD, a stablecoin made for secure payments and use in DeFi projects.

Furthermore, after building momentum in the Middle East, Ripple now has its eyes on the UK. The British government is working on new crypto rules, and Ripple sees this as a big opportunity. 

Cassie Craddock, Ripple’s UK, and Europe Managing Director, also said, “The UK has the chance to lead – now’s the time to move at pace..” She praised the UK’s approach as “flexible” and “globally competitive.” Ripple already has an office in London and believes smart rules can help the UK become a crypto leader.

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