Ripple Expands in the Middle East, Opens New Office

On the back of strong growth in the Middle East, Ripple, the leader in enterprise blockchain and crypto solutions, is expanding its presence in Dubai by opening a new office location in the heart of Dubai International Financial Centre (DIFC). 

In 2020, the company chose the DIFC as the location for its MENA headquarters due to Dubai's innovation-forward regulations, expansive network and reputation as a leading global financial centre.

"We chose Dubai as both a key office for Ripple, in large part due to its forward-thinking regulatory environment. Regulators here have risen to the challenge of establishing a framework that allows the local crypto industry to thrive, create jobs and increase economic growth, while also ensuring participants act in a responsible manner, " said Brad Garlinghouse, Ripple CEO. "Dubai is playing an important part in shaping the world’s future economy. By demonstrating truly visionary leadership, the Emirate has positioned itself as an exciting fintech hub that is embracing crypto and blockchain technologies to bring innovation and foreign investment into the space."

"We were the first enterprise company to leverage crypto to tackle the trillion-dollar challenges associated with cross-border payments – expertise that we have been bringing to our customers in the Middle East for a number of years. Ripple is proud of its presence in the UAE and we are excited about what the future holds for our business in the region," said Navin Gupta, Managing Director, South Asia & MENA, at Ripple.