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Ripple says approval allows licensed firms to incorporate XRP into their crypto asset services. CEO Brad Garlinghouse notes that Dubai continues to grow as a global leader in crypto regulation and innovation. Other cryptocurrencies allowed under the DFSA virtual asset regime are BTC, ETH and LTC. Ripple has announced that the Dubai Financial Services Authority (DFSA) has officially approved the XRP cryptocurrency token under the regulator’s virtual assets regime.  The approval allows licensed firms in the Dubai International Financial Centre (DIFC) to integrate XRP into their virtual asset services, the blockchain company noted in a press release. XRP joins BTC, ETH and LTC on DFSA’s list DFSA’s approval of XRP brings the number of digital assets allowed under the regulator’s virtual assets regime to four, with the Ripple token joining Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). According to Ripple, the development could ...

Cointelegraph visited a grocery store and a luxury car club to learn how crypto has been adopted in Dubai. The city of Dubai has been very welcoming to the crypto space, providing the much-needed regulatory clarity to help the industry thrive. While this attracts native Web3 and crypto businesses to the emirate, even non-crypto businesses started integrating technologies like crypto, nonfungible tokens (NFTs) and even the metaverse into their operations.  Cointelegraph went to explore various parts of Dubai to find out how crypto and Web3 technologies have been integrated within some businesses in the emirate. Ordering groceries with cryptocurrencies Day To Day, one of the popular and most affordable grocery chains in Dubai, announced that it started to accept crypto payments last year. On Aug 8, local media outlet Khaleej Times reported that the hypermarket has started to accept crypto as payment in their online store and several of their branches throughout Dubai.  Cointelegraph re...