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UAE regulatory approval bolsters Ripple’s quest to rival SWIFT in cross-border payments – TON BOT

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UAE regulatory approval bolsters Ripple’s quest to rival SWIFT in cross-border payments

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Ripple has received in-principle approval from the Dubai Financial Services Authority, becoming the first blockchain-based payment provider licensed by the DFSA. This will allow Ripple to expand operations in the UAE, enhancing cross-border payment services and furthering its position as a regulated global entity amid growing competition with SWIFT.

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