Ripple Expands Into Bahrain Through Partnership

Ripple is expanding its presence in the Middle East by partnering with Bahrain Fintech Bay, a key fintech incubator, to integrate blockchain and stablecoin infrastructure within regulated financial markets. This initiative follows Ripple's acquisition of a Dubai Financial Services Authority (DFSA) license and is part of the company's strategy to meet the increasing demand for digital asset technologies among Gulf institutions. Reece Merrick, managing director for the Middle East and Africa at Ripple, emphasized Bahrain's pioneering role in regulating crypto assets and its commitment to fostering a local blockchain industry. The collaboration includes pilot projects, educational programs, and initiatives to enhance uses of digital assets such as tokenization and cross-border payments. Suzy Al Zeerah from Bahrain Fintech Bay highlighted Bahrain's reputation as a financial hub, which is now extended into digital assets. Ripple aims to position Bahrain as a central hub for compliant blockchain projects in the Gulf region, with its RLUSD stablecoin at the core of its operations.

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