A crypto firm called Ripple has appointed the Dubai International Financial Centre (DIFC) for the improvement of the blockchain version in the UAE.
Ripple, a global blockchain and crypto solutions provider company will partner with the DIFC Innovation Hub for its expansion in the Middle East, North Africa and South Asia region, which is one of Asia’s largest innovation hubs with over 1000 member companies, digital labs, VC firms, regulators and educational institutions. This will drive the growth of blockchain and digital assets thru the adoption of the upcoming generation of developers into the growth of the DIFC ecosystem.
It will expand crypto and blockchain among the early-stage companies and scale-ups, as well as familiarise these clients with the technology among large strategic, traditional institutions.
Speaking to the partnership, Arif Amiri, Chief Executive Officer of DIFC Authority said “With Ripple as its latest partner, DIFC strengthens its position as a premier talent, technology, and innovation hub as a world-class regulatory financial ecosystem. ”
Brad Garlinghouse, Ripple CEO added that, The UAE is one of the most progressive jurisdictions internationally, with regard to providing regulatory guidance for licensed companies to provide virtual asset services and promoting a context that allows the next evolution of finance to thrive.
