DIFC and Ripple to speed up Blockchain technology adoption.

Ripple, a specialized enterprise in blockchain and crypto solutions, has announced its plans to partner with DIFC Innovation Hub, the thriving innovation ecosystem of the Dubai International Financial Centre (DIFC), to accelerate blockchain and digital asset innovation in the UAE.

The new partnership aims to connect the next generation of developers with the DIFC Innovation Hub, the largest innovation community in the region. This hub is home to more than 1,000 growth-stage tech firms, innovation companies, digital labs, venture capital firms, regulators, and educational entities.

Through this collaboration, the goal is to drive blockchain and crypto adoption among early-stage companies and scale-ups, as well as to introduce and position the technology with traditional large strategic institutions and their use cases.

Arif Amiri, CEO of DIFC Authority, said, "The Ripple collaboration further cements DIFC's role as a leading global hub for talent, technology, and innovation, as we continue to enhance our ecosystem powered by a world-class regulatory jurisdiction to drive the future of finance."

Brad Garlinghouse, Ripple CEO, commented, "The UAE is one of the most advanced jurisdictions globally when it comes to offering regulatory clarity for licensed firms to offer virtual asset services and fostering an environment in which the next generation of financial innovation can flourish."