News View Non-AMP

XRP News: Why Did Ripple’s President Meet With UAE Officials?

Published by
Nidhi Kolhapur

Ripple President Monica Long recently met with UAE officials at the Dubai Fintech Summit. With big plans to boost blockchain and fintech, this move puts Ripple—and the region—right at the center of the digital finance revolution.

Emirates CEO Sheikh Ahmed bin Saeed Al Maktoum met with leaders from Kotak Mahindra, Ripple, and Bolt at the event, exploring ways to discuss collaboration and innovation in the fast-growing fintech space. There were over 9,000 attendees, including CEO’s, investors, policymakers, and innovators from more than 120 countries.

Dubai’s D33 Plan: Growing into a Top Financial Hub

The meeting centered around Dubai’s D33 plan to become a top 4 global financial hub, targeting AED100 billion in yearly digital revenue by 2033. The role of DIFC was also discussed as a key gateway for global financial institutions, and the strategies of leading institutions like Kotak Mahindra Bank’s push for digital expansion were also touched upon. 

With a fresh DFSA license, Ripple is now set to power cross-border payments in the UAE, tapping into a $400 billion market.  Ripple is already serving 20% of its customer base from the Middle east. 

Ripple continues to solidify its presence in the UAE by building strong partnerships for the future. Last year, Ripple made a big collaboration with the UAE’s International Financial Center (DIFC) in 2024. Ripple believes that this partnership will speed up blockchain and crypto adoption among startups. CEO Brad Garlinghouse has also called XRPL the region’s top blockchain tech.

UAE’s Growing Role in Global Innovation

Ripple has secured over 60 global approvals, including from major regulators like Singapore’s MAS and New York’s DFS. DIFC CEO Arif Amir praised the UAE’s role in supporting innovators like Ripple, as it works to connect East and West in the fintech space.

As per a report from Reuters, the UAE has signed a massive 10-year $1.4 trillion investment deal with the US, which will substantially increase the UAE’s existing investments in the U.S. economy.

FAQs

What partnership does Ripple have with the DIFC?

Ripple collaborates with DIFC to boost blockchain adoption and support fintech startups in the UAE.

What is Ripple’s strategy for regional blockchain adoption?

Ripple focuses on building strong local partnerships and regulatory compliance to grow blockchain use in emerging markets.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

What is the Best Cryptocurrency to Invest in Now? Deep Dive into the Top Crypto to Buy Today for 2025 Bull Run

As the crypto market gains momentum heading into mid-2025, investors are wondering what is the…

June 6, 2025

Exabits’ RWA Approach To Tokenized GPU Power Democratises AI Cloud Computing Ownership

The Titans of AI are forging the future. With billions poured into the industry, where…

June 6, 2025

Apertum Designated a Key General Blockchain in Avalanche’s Tier-1 Ecosystem

Apertum has been officially designated as a key general blockchain within the Avalanche ecosystem —…

June 6, 2025

Cardano Price Prediction: Is a Breakout Rally Coming in June?

The Cardano price fell nearly 10% last night due to the liquidation of numerous long…

June 6, 2025

BTC News Overlooks Revolutionary Mobile Mining: Bitcoin Solaris Offers ‘Bitcoin 2010’ Investment Opportunity

In 2010, Bitcoin could be mined on a laptop by anyone, anywhere. Today? That window…

June 6, 2025

Kazakhstan’s National Bank Rolls Out Crypto Card For Instant Conversion to Fiat

The National Bank of Kazakhstan (NBK) officially launched its crypto card initiative on June 3,…

June 6, 2025