### Ripple, the global payment and cryptocurrency company, is set to make a significant move by expanding its operations to Dubai, according to CEO Brad Garlinghouse. The announcement was made during the Dubai Fintech Summit, where Garlinghouse highlighted the growth of the Middle Eastern consumer base and the favorable regulatory environment in Dubai as key factors in their decision.

"Dubai is emerging as a key global financial hub for crypto innovation to thrive," said Garlinghouse, emphasizing the city's potential as a fertile ground for Ripple's expansion. This move comes at a crucial time for Ripple, which has been embroiled in a legal battle with the US Securities and Exchange Commission (SEC) for the past two years.



The CEO expressed concerns about the regulatory climate in the United States, describing it as a "politics first" approach. Ripple has invested a staggering $200 million in fighting the SEC lawsuit, which has diverted significant resources from the company's growth and innovation.



In contrast, Dubai has been making strides toward regulatory clarity and has seen an uptick in its user base, making it an attractive destination for Ripple's expansion. Garlinghouse's announcement reflects the company's strategic decision to tap into the growing potential of the Middle Eastern market and leverage Dubai's conducive environment for crypto-related ventures.



As Ripple sets its sights on Dubai, it aims to capitalize on the city's reputation as a global financial center and establish itself as a leading player in the region's thriving fintech ecosystem. The expansion will not only strengthen Ripple's position but also contribute to Dubai's growing reputation as a hub for cryptocurrency innovation and adoption.

Ripple, the global payment and cryptocurrency company, is set to make a significant move by expanding its operations to Dubai, according to CEO Brad Garlinghouse. The announcement was made during the Dubai Fintech Summit, where Garlinghouse highlighted the growth of the Middle Eastern consumer base and the favorable regulatory environment in Dubai as key factors in their decision.

Wed May 24 2023

Ripple Makes A Splash In Dubai: CEO Announces Expansion Plans

Ferrari to Accept Crypto Payments in the US; Plans to Include Europe Underway

Prototype Global Cryptoasset Mapping System Developed

FTX Founder Sam Bankman-Fried Sent to Jail for Alleged Witness Tampering

Huobi Rocked by Reports of Executive Arrests and Accusations of Customer Fund Misuse

Breaking The Chains: Introducing BRC-69, The Bitcoin Standard Without Data Restrictions

Prototype Global Cryptoasset Mapping System Developed

Wed May 24 2023 Ripple Makes A Splash In Dubai: CEO Announces Expansion Plans

Ferrari to Accept Crypto Payments in the US; Plans to Include Europe Underway

Prototype Global Cryptoasset Mapping System Developed

FTX Founder Sam Bankman-Fried Sent to Jail for Alleged Witness Tampering

Huobi Rocked by Reports of Executive Arrests and Accusations of Customer Fund Misuse

Breaking The Chains: Introducing BRC-69, The Bitcoin Standard Without Data Restrictions

Prototype Global Cryptoasset Mapping System Developed

Wed May 24 2023

Ripple Makes A Splash In Dubai: CEO Announces Expansion Plans