"Ribel" For blockchain solutions and digital currencies, you get a license "Dubai Financial Services"
Dubai, March 13 / WAM / Ribel, for blockchain solutions and digital currencies for institutions, obtained the Dubai Financial Services Authority license to provide its services in the field of enhancement of encrypted currencies in the United Arab Emirates.
According to a press release issued today, Ripple becomes the first provider in the field of payment services based on blockchain technology to obtain a license from the Dubai Financial Services Authority.
His Excellency Aref Amiri, CEO of the Dubai International Financial Center Authority, said: We are pleased to see ‘Ribel’ enhance its presence in Dubai by obtaining a license from the Dubai Financial Services Authority, thus becoming the first Blockchin -based payment services provider in the Dubai International Financial Center. This achievement not only reflects our permanent commitment to enhance innovation, but also allows Ribel new opportunities to grow in the region and abroad.
The Dubai International Financial Center, as one of the leading financial centers in the Middle East, Africa and South Asia, affirmed the support of future vision companies such as “Ripple”, especially as it contributes to the formation of the future of the financial sector and enhancing the use of blockchain technology in payments.
“We are witnessing the beginning of an exceptional growth phase for the encrypted currency sector, supported by the increasing clarity of the organizational frameworks globally, as well as the acceleration of institutions’ adoption of these currencies and thanks to their pioneering role in providing a supportive environment for innovation in the fields of technology and encrypted currencies, the UAE has a unique location that enables it to achieve the utmost benefit from this The growing orientation.
Reese Merik, the administrative director of “Ribel” in the Middle East and Africa, said that the company’s obtaining a license for the Dubai Financial Services Authority is a major achievement that will contribute to enhancing its ability to meet the increasing demand for boundary payment transactions.
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