{"id":21793,"date":"2024-08-12T16:03:39","date_gmt":"2024-08-12T16:03:39","guid":{"rendered":"https:\/\/buycrypt.com\/blog\/?p=21793"},"modified":"2026-07-14T15:50:27","modified_gmt":"2026-07-14T15:50:27","slug":"ripple-xrp-inks-a-strategic-deal-in-the-middle-east-details","status":"publish","type":"post","link":"https:\/\/buycrypt.com\/blog\/en\/ripple-xrp-inks-a-strategic-deal-in-the-middle-east-details\/","title":{"rendered":"Ripple (XRP) Inks a Strategic Deal in the Middle East: Details"},"content":{"rendered":"<p><em><strong>\u201cOur partnership with the DIFC Innovation Hub promises to drive the adoption of blockchain technology in the region,\u201d Ripple\u2019s CEO said.<\/strong><\/em><\/p>\n<ul>\n<li>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.<\/li>\n<li>This collaboration is seen as a significant milestone for the DIFC, enhancing its role as a global hub for talent and tech.<\/li>\n<\/ul>\n<h2>Ripple and Dubai<\/h2>\n<p>Ripple plans to strengthen its global presence by partnering with the Dubai International Financial Center (DIFC).\u00a0The 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.<\/p>\n<p>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\u2019s CEO \u2013 Brad Garlinghouse \u2013 who described the UAE as \u201cone of the most advanced jurisdictions globally\u201d when it comes to offering regulatory clarity for licensed companies to offer crypto services.<\/p>\n<p><em>\u201cOur 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\u2019s start-ups and scaleups building real use cases,\u201d he added.<\/em><\/p>\n<p>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.<\/p>\n<p>Arif Amiri \u2013 CEO of the DIFC \u2013 highlighted the deal with Ripple as a \u201csignificant milestone\u201d that \u201cfurther cements DIFC\u2019s role as a leading global hub for talent, tech, and innovation.\u201d<\/p>\n<p>It is interesting to note that Ripple\u2019s Middle East and Africa (MEA) regional office is located within the Dubai International Financial Center. Less than a year ago, the zone approved XRP for use, meaning licensed crypto firms operating within can incorporate the token into their services.<\/p>\n<p>Reece Merric \u2013 Ripple Managing Director, Middle East and Africa \u2013 believes the UAE\u2019s progressive approach to fintech combined with Ripple\u2019s XRP fund could create \u201ca fertile ground for innovation\u201d in the region.<\/p>\n<p><em>\u201cOur new collaboration with the DIFC will empower regional talent to build the next generation of financial solutions on the XRP Ledger, solidifying the UAE\u2019s position as a leading fintech hub globally,\u201d he claimed.\u00a0<\/em><\/p>\n<h2>XRP Price Outlook<\/h2>\n<p>The price of Ripple\u2019s native token, alongside the rest of the crypto market, was severely damaged during the broader crash on Monday. However, XRP managed to recover some of the losses and currently sits close to $0.6.<\/p>\n<p>This is because the total market cap regained over $300 billion since the low charted on Monday. XRP has been at the forefront of the gains, following the latest developments on the Ripple vs. the SEC front, where a judge ordered the company to pain a $125 million fine, instead of the $2 billion the agency requested.<\/p>\n<p>Source: www.cryptopotato.com<\/p>\n<p><!-- related-seo --><\/p>\n<div class=\"related-seo\">\n<h3>Related articles<\/h3>\n<ul>\n<li><a href=\"https:\/\/buycrypt.com\/blog\/en\/crypto-market-news-dubai-regulator-approves-usdc-and-eurc-okx-admits-guilt-and-other-key-events\/\">Crypto Market News: Dubai Regulator Approves USDC and EURC, OKX Admits Guilt, and Other Key Events<\/a><\/li>\n<li><a href=\"https:\/\/buycrypt.com\/blog\/en\/ripple-aims-for-leadership-attempt-to-acquire-circle-sparks-new-wave-of-crypto-revolution\/\">Ripple Aims for Leadership: Attempt to Acquire Circle Sparks New Wave of Crypto Revolution<\/a><\/li>\n<li><a href=\"https:\/\/buycrypt.com\/blog\/en\/tether-announces-dirham-pegged-stablecoin-to-enhance-uae-financial-ecosystem\/\">Tether Announces Dirham-Pegged Stablecoin to Enhance UAE Financial Ecosystem<\/a><\/li>\n<\/ul>\n<\/div>\n<p><!-- \/related-seo --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple has signed a strategic partnership with Dubai&#8217;s DIFC Innovation Hub to advance blockchain adoption in the Middle East, focusing on early-stage companies and scaling.<\/p>\n","protected":false},"author":1,"featured_media":21796,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_title":"Ripple (XRP) Signs Strategic Middle East Deal: Details","rank_math_description":"Discover how Ripple (XRP) partners with Dubai's DIFC to boost blockchain innovation in the Middle East. Read the full details of this strategic deal.","rank_math_focus_keyword":"Ripple XRP Middle East","_forpost_external_id":"","_seorun_article_id":"","footnotes":""},"categories":[369],"tags":[8931,2648,11998,9655,4501,1791],"class_list":["post-21793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-blockchain","tag-crypto","tag-difc","tag-middle-east","tag-ripple","tag-xrp-en","resize-featured-image"],"lang":"en","translations":{"en":21793,"uk":21794,"ru":21795},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/posts\/21793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/comments?post=21793"}],"version-history":[{"count":3,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/posts\/21793\/revisions"}],"predecessor-version":[{"id":47575,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/posts\/21793\/revisions\/47575"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/media\/21796"}],"wp:attachment":[{"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/media?parent=21793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/categories?post=21793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/tags?post=21793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}