Sangar, Ripple Digaet Dubai International Financial Center For Blockchain Innovation In The UAE!

Ripple, a blockchain-based payment company and developer of XRP. (Photo; Doc. UToday)

JAKARTA - Ripple, a leading blockchain technology company, announced its partnership with the Dubai International Financial Center (DIFC) Innovation Center. The partnership between the two sides aims to accelerate blockchain innovation and digital assets in the United Arab Emirates (UAE).

This strategic partnership will connect the new developers with the DIFC Innovation Hub, which is home to more than 1,000 growth-stage technology companies, innovation companies, digital laboratories, venture capital companies, regulators, and educational entities.

In its announcement, Ripple stated that this partnership will help encourage blockchain adoption and cryptocurrencies among early and emerging companies, as well as introduce this technology to major traditional institutions and its use cases.

The CEO of DIFC, Arif Amiri, emphasized that this collaboration will strengthen the position of DIFC as a global leader in the fields of talent, technology, and innovation that drive the future of finance. "This collaboration is an important step to strengthen the innovation ecosystem in the UAE," Amiri said as quoted by Bitcoin.com News.

Ripple CEO Brad Garlinghouse appreciates the clarity of regulations in the UAE that supports a conducive environment for financial innovation. "Our partnership with the DIFC Innovation Hub will encourage the adoption of blockchain technology in the region," he said. As part of its commitment, Ripple provides one billion XRP (approximately IDR 16 trillion) to support developers at XRP Ledger (XRPL) from a financial, technical and business perspective.

This partnership is expected not only to accelerate the adoption of blockchain technology and digital assets in the UAE, but also to strengthen the innovation ecosystem in the region by connecting innovators with the resources they need to develop.