Ripple Opens a New Office in Dubai
Garlinghouse also used Twitter to highlight Ripple’s plans for expansion in Dubai. Ripple is expanding its operations in Dubai, according to Garliinghouse’s tweet. Notably, Garlinghouse announced the proposal for the first time at the Dubai Fintech Summit.
“With 20% of our customers based in MENA and clear regulatory regimes being developed, it’s no surprise that Dubai is emerging as a key global financial hub for crypto innovation to thrive,” said Garlinghouse.
Ripple has built a new office at the Dubai International Financial Centre (DIFC).
The change is necessary because the Middle East and North Africa (MENA) account for 20% of all RippleNet subscribers. Qatar National Bank, SABB, RAK Bank, Al-Ansari Exchange, Lulu Financial Holdings, and others are among these clients.
(With Input from Shikha Singh)
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