Ripple Pioneers Crypto Payments in the Middle East and Africa
By: crypto news flash|2025/05/02 18:00:04
0
Share
Ripple Labs has expanded its business reach into the Middle East and African corridors.With a high adoption rate for crypto innovations, the firm is convinced its business will thrive in the region.Blockchain payments firm Ripple Labs Inc. has announced its expansion into the Middle East and Africa. This move will see Ripple providing blockchain payment services to individuals in both regions. Ripple Expanding Crypto RevolutionExpanding into the Middle East and Africa is excellent news for the blockchain firm. Ripple Executive Reece Merrick noted that the company is leading the charge in both regions with blockchain-powered payments and crypto solutions.Image Source: Ripple Labs on XHe sees the Middle East and Africa as fertile grounds for crypto’s future. According to him, Ripple is planting the seeds of the crypto revolution, which he believes will eventually benefit the XRP community.Ripple has become the first blockchain-powered payments provider to receive a blockchain license from the Dubai Financial Services Authority (DFSA). Through this license, Ripple will bring its cross-border payments solution, Ripple Payments, to regional enterprises.This license helps legitimize real-world applications of digital assets in the Middle East. It will help bring innovative financial services for institutions and retailers. Ripple is now providing trusted payments, custody, and stablecoin solutions to fuel this transformation. Banks, fintechs, and crypto businesses will utilize these solutions to support and scale their digital asset strategies.As reviewed in our recent publication, Ripple has partnered with Chipper Cash to enable fast and cost-effective transactions across Africa. Chipper Cash provides seamless financial services across the continent. The payment provider has five million customers in nine African nations, including Nigeria, Ghana, Uganda, Tanzania, Rwanda, South Africa, and Kenya.The recent integration of the RLUSD stablecoin into Ripple Payments redefines how cross-border business settlements are executed.Progressive Crypto Regulation in the Middle EastDriven by progressive regulation, technological advancements, and a young, tech-savvy population, the Middle East has established itself as a crypto hotbed. The region is set for rapid growth as it is home to several key crypto hubs and deep institutional and enterprise adoption.The United Arab Emirates has taken a proactive approach to crypto regulation, creating a stable and business-friendly environment. This peaceful atmosphere now attracts global blockchain leaders looking to scale and invest.Finance and enterprise firms in the region are increasingly shifting their attention to crypto. 85% have increased their confidence in crypto in the last six months. The demand for secure digital asset custody solutions has also grown alongside the rising interest.Research from Ripple reveals that 40% of finance and enterprise firms in MENA have adopted a digital asset custody solution, the highest adoption rate of any region surveyed. Furthermore, another 56% plan to implement it within the next three years, emphasizing the region’s appetite for institutional-grade digital asset solutions.In a recent study we reported on, Merrick hinted at the UAE potentially embracing stablecoins as legal tender. With dirham-backed coins and frameworks for foreign stablecoins, the country could create fundamentally revolutionary cross-border payments.
You may also like
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...
In such a crowded cross-border payment arena, where is the next stop for the future?
Only by stepping into the mud can one have the chance to touch gold.
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
Why is Bitcoin down in 2026? Bitcoin has just recorded its worst first half since 2022, with back-to-back quarterly losses, record ETF outflows, and extreme fear. Here's what history says, how 2026 differs from the last bear market, and the three signals traders should wat
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.
What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?
ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
The living space is constantly being compressed.
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...
In such a crowded cross-border payment arena, where is the next stop for the future?
Only by stepping into the mud can one have the chance to touch gold.
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
Why is Bitcoin down in 2026? Bitcoin has just recorded its worst first half since 2022, with back-to-back quarterly losses, record ETF outflows, and extreme fear. Here's what history says, how 2026 differs from the last bear market, and the three signals traders should wat
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
