Could XRP Find a Foothold in Dubai as the Next Promising Destination?
- Ripple’s CEO Brad Garlinghouse announced on Monday that the firm will be venturing into new territories beyond the USA.
- Ripple will be venturing into Dubai due to the latest developments in the crypto regulatory landscape in the Middle East and the growing consumer base in the region.
With every onset of the sun in the United States, sets a darker path for crypto business. Chances for having a good business day for the digital asset ecosystem glooms each day. The large burden now lies on where the rising Asset class and its integration with the Blockchain Technology Ecosystem will set basis as their next big market.
As a plot to seek refuge from the harsh regulatory environment in the United States, the leading crypto exchange in the United States Coinbase launched the Coinbase International Exchange, venturing into new territories beyond the USA.
Meanwhile, Ripple, the blockchain company behind the renown crypto law suit XRP vs SEC earlier on today made an important comment on searching for new grounds to set out its operations.
After all it seems the still on going battle between Ripple and SEC is not hindering the Blockchain firm from spreading its reach beyond the borders of the USA.
Ripple to Expand to Dubai, the ‘City of Gold’, Says CEO Brad Garlinghouse
Ripple’s CEO Brad Garlinghouse announced that the firm will be expanding to the city of Gold which is of course Dubai. Garlinghouse shared this during the Dubai Fintech Summit that took place on Monday stating that Ripple decided to expand into Dubai due to the latest developments in the crypto regulatory landscape in the Middle East and the growing consumer base in the region.
He later on took to twitter stating that:
As I just shared on stage at #DubaiFintechSummit, @Ripple is expanding in Dubai. With 20% of our customers based in MENA and clear regulatory regimes being developed, it’s no surprise that Dubai is emerging as a key global financial hub for crypto innovation to thrive.
Bundled with the package according to Brad Garlinghouse, as they plan to open an office in the Dubai International Financial Centre (DIFC) they also going to hold their seventh annual customer conference in the United Arab Emirates (UAE) capital on November 8-9.
Just last week, The CEO showed his outermost gratitude for the great support shown by the Ripple (XRP) community amid the still on-going case against the SEC.
