Crypto firm Ripple has announced a partnership with DIFC in Dubai as it looks to boost blockchain technology in the UAE.
Ripple, a specialised enterprise in blockchain and crypto solutions, will partner with DIFC Innovation Hub, the thriving innovation ecosystem of the Dubai International Financial Centre (DIFC) to accelerate blockchain and digital asset innovation in the UAE.
The new partnership will connect the next generation of developers with the DIFC Innovation Hub, the largest innovation community in the region and home to more than 1,000 growth-stage tech firms, innovation companies, digital labs, venture capital firms, regulators and educational entities.
Ripple teams up with DIFC in Dubai
The partnership will provide the means to drive blockchain and crypto adoption among early-stage companies and scale-ups as well as to introduce and position the technology with traditional large strategic institutions and their use cases.
Arif Amiri, CEO of DIFC Authority, said: “The Ripple collaboration further cements DIFC’s role as a leading global hub for talent, technology and innovation, as we continue to enhance our ecosystem powered by a world-class regulatory jurisdiction, to drive the future of finance.”
Brad Garlinghouse, Ripple CEO, said: “The UAE is one of the most advanced jurisdictions globally when it comes to offering regulatory clarity for licensed firms to offer virtual asset services and fostering an environment in which the next generation of financial innovation can flourish”.
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