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Ripple (XRP) Inks a Strategic Deal in the Middle East: Details
The post Ripple (XRP) Inks a Strategic Deal in the Middle East: Details appeared on BitcoinEthereumNews.com. TL;DR Ripple is partnering with the Dubai International Financial Center (DIFC) to enhance blockchain and crypto innovation in the UAE, focusing on early-stage companies and scale-ups. This collaboration is seen as a significant milestone for the DIFC, enhancing its role as a global hub for talent and tech. Ripple and Dubai Ripple plans to strengthen its global presence by partnering with the Dubai International Financial Center (DIFC). The DIFC is a special economic zone in the city established as a financial hub for businesses operating throughout the Middle East, Africa, and South Asia. It is regulated by the Dubai Financial Services Authority and offers clients a 50-year guarantee of zero taxes on corporate income and profits. The upcoming collaboration aims to increase crypto adoption amongst early-stage companies and scale-ups as well as introduce the benefits of blockchain technology to entities part of the zone. Speaking on the matter was Ripple’s CEO – Brad Garlinghouse – who described the UAE as “one of the most advanced jurisdictions globally” when it comes to offering regulatory clarity for licensed companies to offer crypto services. “Our partnership with the DIFC Innovation Hub promises to drive the adoption of blockchain technology in the region as the XRPL continues to be a leading blockchain for the region’s start-ups and scaleups building real use cases,” he added. In 2021, Ripple unveiled a 1 billion XRP fund to foster the development and new global use cases of the XRP Ledger (XRPL). So far, the company has funded more than 160 teams building on the XRPL, reaching 47 countries. Arif Amiri – CEO of the DIFC – highlighted the deal with Ripple as a “significant milestone” that “further cements DIFC’s role as a leading global hub for talent, tech, and innovation.” It is interesting to note that Ripple’s Middle East…
The post Ripple (XRP) Inks a Strategic Deal in the Middle East: Details appeared on BitcoinEthereumNews.com.
TL;DR Ripple is partnering with the Dubai International Financial Center (DIFC) to enhance blockchain and crypto innovation in the UAE, focusing on early-stage companies and scale-ups. This collaboration is seen as a significant milestone for the DIFC, enhancing its role as a global hub for talent and tech. Ripple and Dubai Ripple plans to strengthen its global presence by partnering with the Dubai International Financial Center (DIFC). The DIFC is a special economic zone in the city established as a financial hub for businesses operating throughout the Middle East, Africa, and South Asia. It is regulated by the Dubai Financial Services Authority and offers clients a 50-year guarantee of zero taxes on corporate income and profits. The upcoming collaboration aims to increase crypto adoption amongst early-stage companies and scale-ups as well as introduce the benefits of blockchain technology to entities part of the zone. Speaking on the matter was Ripple’s CEO – Brad Garlinghouse – who described the UAE as “one of the most advanced jurisdictions globally” when it comes to offering regulatory clarity for licensed companies to offer crypto services. “Our partnership with the DIFC Innovation Hub promises to drive the adoption of blockchain technology in the region as the XRPL continues to be a leading blockchain for the region’s start-ups and scaleups building real use cases,” he added. In 2021, Ripple unveiled a 1 billion XRP fund to foster the development and new global use cases of the XRP Ledger (XRPL). So far, the company has funded more than 160 teams building on the XRPL, reaching 47 countries. Arif Amiri – CEO of the DIFC – highlighted the deal with Ripple as a “significant milestone” that “further cements DIFC’s role as a leading global hub for talent, tech, and innovation.” It is interesting to note that Ripple’s Middle East…
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