One of the biggest companies in the world for cryptocurrency solutions has stated that it is growing. CEO Brad Garlinghouse says that Ripple will grow in Dubai in particular. Also, Garlinhouse talked about the change at the Dubai Fintech Summit, which is happening today.
Garlinghosue said that the number of customers in the Middle East and the changing rules were the most important things. Ultimately, he said, “Dubai is emerging as a key global financial hub for crypto innovation to thrive.”
Ripple CEO Says Dubai Expansion Is Coming
Ripple has been in a court battle with the US Securities and Exchange Commission (SEC) for the past two years. Also, the court cases about how to define the security of digital assets have gotten a lot of attention. As a result, they play a vital role in regulating the industry.
On the other hand, this is still going on, and Ripple has said it will spread to Dubai. Ripple’s CEO, Brad Galinghouse, has said that the company plans to grow in the country because of its efforts to clarify regulations and its growing user base.
Ripple has said that it has spent more than $200 million on its legal battle with the SEC, which is where this story comes from. On the other hand, regulation is becoming a must in the business. It makes sense for companies to look for places where they can develop new ideas and help the business grow.
