Ripple (XRP) News: Ripple’s New Middle East and Africa HQ Could Be a Big Win for XRP Adoption
Ripple has opened a new Middle East and Africa regional headquarters in Dubai, doubling the size of its local team after six years of partnerships and regulatory wins. The expansion is seen as a potential boost for XRP adoption in regions with high remittance volumes and cross-border fees.
Ripple has opened a new Middle East and Africa regional headquarters in Dubai, set to double its local team. The expansion follows six years of partnerships in the regions, with clients like Zand Bank in the UAE and Absa Bank in South Africa. The Middle East and Africa are key regions for XRP's cross-border use case, with the UAE and Saudi Arabia sending $79 billion in outbound remittances annually. Ripple's current deals in the regions mostly settle in fiat or RLUSD, but the expanded team is expected to drive future XRP-based settlements. The new headquarters is based in the Dubai International Financial Centre, a hub for regulated financial services.
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