Ripple’s long-standing battle with the Securities and Exchange Commission (SEC) is yet to be resolved, but it seems that does not prevent the blockchain firm from focusing on its growth.
Enterprise blockchain and payment firm Ripple is expanding into Dubai, as announced by the company’s CEO Brad Garlinghouse on May 8 on Twitter.
“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.”
– Garlinghouse said in the tweet.
In the announcement made during the Dubai Fintech Summit on Monday, Garlinghouse said recent developments in the crypto regulatory environment in the Middle East and the region’s consumer base were the primary reasons why Ripple (XRP) chose to foray into Dubai.
Garlinghouse thankful for Ripple support
Just last week, Garlinghouse expressed
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