Ripple has set up a new regional headquarters in Dubai amid unfavorable regulatory framework in the US. Dubai International Financial Centre (DIFC) the relocation on the 7th of November. Apart from Ripple, over 2,400 companies manage their businesses within the financial hub.
Ripple’s global financial network RippleNet helps with swift transactions to its users. A Cryptodaily added that several financial institutions across more than 45 nations use the RippleNet blockchain network to process customer’s payments.
According to DIFC Authority CEO, Arif Amiri: