FinTech firm Ripple chooses Dubai’s DIFC for regional headquarters

FinTech firm Ripple chooses Dubai’s DIFC for regional headquarters

Ripple, the enterprise blockchain solution for global payments, has established its regional headquarters in Dubai International Financial Centre (DIFC), the latter announced.

Ripple has chosen DIFC for its regulations, expansive network and reputation as a global financial centre.

Established in 2012, Ripple builds financial solutions and services to move money at the same speed and standard that information moves today.

By joining Ripple's global financial network, RippleNet, customers can process their payments instantly, reliably, cost-effectively and with end-to-end visibility anywhere in the world.

Financial institutions across more than 45 countries already use RippleNet.

Arif Amiri, chief executive officer of DIFC Authority, said: "Leveraging DIFC's world class platform, laws and regulations, our fintech firms are able to work with other DIFC's clients, who form part of the region's largest financial ecosystem, to contribute to the