UAE regulatory approval bolsters Ripple’s quest to rival SWIFT in cross-border payments

Ripple has secured in-principle approval from the Dubai Financial Services Authority (DFSA), marking a significant step in its efforts to boost financial services innovation in the United Arab Emirates (UAE), according to an Oct. 1 statement. This makes the firm the first blockchain-based payment service provider to obtain a license from the DFSA, further establishing […] source: https://cryptoslate.com/uae-regulatory-approval-bolsters-ripples-quest-to-rival-swift-in-cross-border-payments/