Claim $500XRP Joins BTC, ETH With Dubai’s DIFC Approval
In a major announcement, the Dubai Financial Services Authority (DFSA) has approved the use of XRP token in companies under its global financial center. This move enables Ripple to expand XRP supply chain to thousands of companies in the Middle East, Africa, and South Asia (MEASA) region.
Also Read: US SEC Requests Summary Judgment Against Terra And Do Kwon
XRP Expansion To 4,300 Companies
On Thursday, November 2, 2023, the DFSA gave its nod for the of the digital asset in the Dubai International Financial Centre (DIFC), which is a hub of more than 4,300 active registered companies in the region. Crypto firms licensed within the DIFC will be able to incorporate XRP into their virtual asset services. This helps Ripple unlock new regional payments and other virtual asset use cases on the XRP Ledger.
With this, XRP joins Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) as the assets previously approved under the Dubai DFSA’s virtual assets regime. In June 2023, Ripple received an in-principle approval of the Major Payments Institution License application in Singapore, which is another major hub for crypto firms besides Dubai.
Ripple Swell: More Announcements To Come?
Between November 8 and 9, 2023, the company is set to organize in Dubai the Ripple Swell, its flagship event that unites top financial industry and regulatory personalities. In the context of the July 2023 Summary Judgment in the XRP lawsuit by Judge Analisa Torres, it remains to be seen if any new announcements will be made during the event. The event will cover stories and insights from Ripple customers and industry thought leaders to explore how businesses are leveraging crypto and blockchain technology.
Earlier, CoinGape reported XRP price prediction in the range of $0.90 and $1 if the token breaks ongoing resistance around the $0.68 mark. Over the last 7 days, the XRP price realized a gain of 9% overall, despite a correction lately.
Also Read: Shiba Inu Price Prediction As Whales Move Millions Of Dollars In SHIB, Will Meme Coin Rally Or Fall?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trump Tariffs: Crypto Traders Increase Bets On Supreme Court Ruling as Cooling Inflation Fuels Rate Cut Hopes
- Pro-Crypto Amir Zaidi Appointed as CFTC Chief Of Staff Following Bitcoin Futures Milestone
- Breaking: CLARITY Act Set to Advance as Senate Picks January 15 for Crypto Bill Markup
- Crypto Market Gets Year-end Boost as Fed Injects $74 Billion Into Economy
- Tom Lee’s BitMine Increases Staked ETH to $1.3B as Ethereum Tops Solana and BNB in 2025 Flows
- Expert Predicts Ethereum Price Rebound to $4k as BitMine, Long-Term Holders Buy
- Bitcoin Price Prediction Ahead of FOMC Minutes
- Top 3 Crypto Predictions Ahead of U.S. Government Shutdown Deadline in Jan 2026
- Grayscale Files for First U.S. Bittensor ETF: Will TAO Price Rally to $300 in January?
- Shiba Inu Price Prediction: Will SHIB Show Golden Cross Signal in 2026?
- Pi Network Price Prediction as Demand Slips Ahead of the 136m Unlock
