Ripple has launched a new partnership with the DIFC Innovation Hub in Dubai, continuing its $1 billion XRP fund.
This collaboration aims to boost blockchain innovation in the UAE. The DIFC Innovation Hub is a major tech center, housing over 1,000 technology companies, digital labs, and venture capital firms.
Ripple’s New UAE Partnership: Expanding Blockchain Adoption
Ripple’s latest partnership with the DIFC Innovation Hub in Dubai focuses on encouraging blockchain and cryptocurrency adoption among early-stage companies and traditional large organizations. This collaboration builds on Ripple’s previous initiatives, including a 2021 commitment to invest 1 billion XRP in expanding the use of XRPL worldwide.
Source: X
The goal is to provide developers with financial, technical, and business support. So far, Ripple has assisted over 160 teams in 47 countries with this support, aiming to further drive innovation and adoption in the blockchain space.
Ripple Partners with DIFC: Boosts XRP Use in Dubai
Dubai is set to host the Ripple Swell conference and has already approved the use of XRP starting November 2023. This approval allows licensed virtual asset firms at the DIFC to incorporate XRP into their services.
This partnership aims to enhance Dubai’s role as a global fintech hub and solidify Ripple’s presence in a major financial center. For XRP, the collaboration promises increased recognition and new opportunities for adoption in the UAE.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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