UAE: FinTech Ripple Establishes Regional HQ in DIFC

  • Date: 09-Nov-2020
  • Source: Al Bawaba
  • Sector:Technology
  • Country:UAE
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UAE: FinTech Ripple Establishes Regional HQ in DIFC

Ripple has chosen DIFC for its innovative regulations, expansive network and reputation as a leading global financial centre. Ripple and DIFC are aligned in their vision to shape the future of finance.

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. Hundreds of financial institutions already use RippleNet in more than 45 countries, making it one of the leading providers of blockchain for payments.

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