XRP News: Ripple Secures Dubai Regulatory Approval for Cross-Border Payments

Ripple, the popular blockchain payment provider, has made a significant stride in expanding its global footprint by securing regulatory approval from the Dubai Financial Services Authority (DFSA). This approval marks a milestone for Ripple and could pave the way for broader adoption of its cross-border payment solutions.

Ripple Acquires Dubai Regulatory Approval for Cross-Border Payment

Ripple has secured a license from the Dubai Financial Services Authority (DFSA), making it the first blockchain payment provider to receive such approval. The announcement follows an initial in-principle clearance, allowing the company to expand its services in the region. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, emphasized that the DFSA approval is pivotal in addressing the growing demand for seamless, cost-effective, and transparent payment solutions in a critical global trade and remittances region. This development adds to Ripple’s expanding regulatory footprint, with over 60 licenses worldwide.

XRP Price Prediction For March 13

As Bitcoin (BTC) price attempts to follow gold price action in a bullish outlook, Ripple Labs’ XRP has signaled early signs of imminent parabolic growth in the near future. The large-cap altcoin, with a fully diluted valuation of about $224 billion and a 24-hour average trading volume of around $4.7 billion, has rebounded over 10 percent in the past two days from a crucial support level.

Could This $0.20 Altcoin Follow XRP’s 2017 Bull Run?

A $0.20 altcoin, Rexas Finance (RXS), is grabbing attention in the crypto market with its presale soaring past $46.6 million. Investors are jumping in as stages 1-11 sold out, raising $41 million, and the price jumped 6.6x from $0.03 to $0.20 in stage 12. With 90.7% of its 500 million presale tokens gone, RXS is nearing its $56 million goal. Set to launch in 2025 at $0.25, this ERC-20 token taps into real-world asset tokenization, sparking chatter about massive returns. A $200 investment now could potentially yield significant gains in the future, similar to XRP’s 2017 surge from $0.006 to $3.84, which delivered a staggering 63,900% gain for early investors.

Ripple Secures Dubai Regulator Approval

Ripple has just secured full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer blockchain-powered payment solutions. The approval makes Ripple the first payments provider of its kind licensed to operate within the Dubai International Financial Centre (DIFC) and marks a major expansion in the Middle East. With the DFSA license, the company is poised to tap into the UAE’s thriving $40 billion cross-border payments market. Brad Garlinghouse, Chief Executive Officer of Ripple, commented on the UAE’s supportive environment for tech and crypto innovation.