In a significant development, Ripple, the digital payment protocol company, announced new strategic partnerships at the Swell conference in Dubai. The partnerships include an initiative with Onafriq to expand its remittance solutions across Africa and beyond, and a collaboration with RocketFuel to incorporate Ripple's payment solution into their product suite.
The Swell conference, which began on Tuesday, November 8, has been highly praised by Alya Al Zarouni, COO of DIFC, for fostering dialogue within the financial sector. Dubai was chosen as the venue for the conference due to its positive stance towards cryptocurrencies.
Ripple has recently established a new office in the Dubai International Financial Centre (DIFC) and received approval for XRP under the Dubai Financial Services Authority's (DFSA) virtual asset regime. This approval allows businesses within the DIFC to integrate XRP into their crypto offerings.
The announcements made at Swell showcase Ripple's continued efforts to expand its global footprint and influence within the financial sector. The partnership with Onafriq is expected to extend Ripple's reach in Africa, a region where remittance solutions are in high demand. On the other hand, the collaboration with RocketFuel will allow Ripple's payment solution to be incorporated into a broader range of products.
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