Ripple opens regional office in Dubai following volatile Q3 for XRP
The financial center in one of Dubai’s free-trade zones acts as an independent regulator with its own judicial system According to a Nov. 7 announcement, Ripple has established a regional office in the Dubai International Financial Centre, or DIFC. The blockchain-based payments firm reportedly chose the location for its “innovative regulations.” The DIFC website states the special economic zone serves more than 2,500 companies across the Middle East, Africa, and South Asia as an “independent regulator” with a “proven judicial system.”“Ripple already has a significant client base in the....
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The blockchain company's new Middle East and North Africa headquarters will be within the DIFC financial hub.
Ripple Labs has shared its plans to expand to the Asia Pacific region by opening a digital currency office in Sydney, Australia. The company, which was formerly known as OpenCoin, developed the Ripple protocol which interconnects the world's financial systems to enable the secure, real-time transfer of funds in any currency. Ripple Labs is a San Francisco-based startup funded by investors from Google Ventures, Andreessen Horowitz, IDG Capital Partners, and Core Innovation Capital. Digital Currency Acceptance in Asia Pacific. With its latest move to open a digital currency office in....
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The head of the Dubai government’s Smart Dubai initiative provided new details on how she believes blockchain can help drive the city’s modernization efforts in a speech at industry conference Keynote 2016 yesterday. In remarks, director general at the Smart Dubai Office, Dr Aisha Bin Bishr, spoke broadly about her organization’s plans to help make Dubai the best connected and "happiest" city in the world. Further, Bin Bishr discussed how blockchain fits into this larger strategy, while touching on her work with the Global Blockchain Council (GBC), the public-private tech....
The Ripple Swell conference in Dubai concluded without the much-anticipated announcement of an Initial Public Offering (IPO) by Ripple, leading to a surge in speculation about the fintech company’s future plans. Crypto influencer Eri weighed in on the discussion, urging caution and a nuanced approach. Ripple IPO Not So Soon? Eri emphasized the importance of […]