XRP’s price is eyeing a breakout from a classic chart pattern in the near future after Ripple acquired its first-ever license in the Middle East. XRP price chart hints at possible 46% gains XRP (XRP) has been consolidating inside a descending triangle pattern since topping out at its seven-year high of $3.

Ripple will be the first blockchain-enabled payments provider licensed by the DFSA. Arif Amiri, Chief Executive Officer of DIFC Authority, commented, "We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA licence that makes them the first blockchain-enabled payments provider in DIFC.

Payments utility is also expected to drive greater stablecoin adoption in the UAE for their real time settlement value proposition.

Ripple has taken a major step in its global expansion plans by securing regulatory approval in the UAE and obtaining a Dubai Financial Services Authority (DFSA) license to offer cross-border crypto payment services in Dubai.

Ripple received regulatory approval from Dubai’s Financial Services Authority (DFSA) to offer cross-border crypto payments.

“Securing this DFSA licence is a major milestone that will enable us to better serve the growing demand for faster, cheaper and more transparent cross-border transactions in one of the world’s largest cross-border payments hubs,” said Reece Merrick, Ripple’s Managing Director for the Middle East and Africa.

Ripple gains DFSA licence to expand crypto payments in the UAE, securing over 60 global approvals & attracting institutional interest in XRP.

Ripple secures a DFSA license to offer regulated crypto payments in Dubai, enhancing its role in global financial solutions.

Ripple has become the first blockchain payments firm to secure a licence from the Dubai Financial Services Authority (DFSA). This is the firm’s first licence in the Middle East, and enables the firm to provide regulated cryptocurrency payments and services within the Dubai International Finance Centre (DIFC).