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    Home » Ripple expands influence in middle east as XRP gains shariah compliance and strategic backing
    News 9 hours ago

    Ripple expands influence in middle east as XRP gains shariah compliance and strategic backing

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    15-5-2025 – Ripple’s ascent in the Middle East is carving a bold new chapter in global finance, as strategic alliances and visionary diplomacy converge to elevate its influence. The region, a crucible of economic transformation, is increasingly embracing Ripple’s blockchain innovations, with the United Arab Emirates and Saudi Arabia at the forefront. Edward Farina, a prominent figure in the XRP community, has revealed Ripple’s role as a contractor to the United States government, igniting speculation about its potential to shape the digital financial systems of tomorrow.

    At the heart of Ripple’s regional surge is XRP, its native cryptocurrency, now distinguished as Shariah-compliant. This landmark certification aligns XRP with Islamic finance principles—emphasising transparency, risk-sharing, and the avoidance of interest—unlocking access to a $3 trillion market. Ripple’s on-demand liquidity solution, previously known as Ripple Payments, is already operational in the UAE, enabling instantaneous cross-border transactions across the Gulf. Saudi Arabia’s central bank, a key partner, further cements Ripple’s foothold in the region’s financial architecture.

    The Middle East’s embrace of blockchain signals a broader pivot towards digital alternatives, with the UAE and Saudi Arabia’s recent entry into the BRICS economic bloc underscoring a move away from US dollar dominance. Ripple’s engagements with UAE officials have centred on forging digital infrastructure to drive financial innovation, reflecting the Gulf’s ambition to lead a global shift towards blockchain-based systems. The Ripple Swell 2023 event in Dubai amplified this narrative, spotlighting the region’s role as a hub for a reimagined financial order.

    XRP’s versatility positions it as a linchpin in this evolving landscape. Its neutral, scalable framework enables it to serve as a bridge between disparate financial ecosystems, from central bank digital currencies to emerging markets and digital payment platforms. Analysts suggest Ripple’s ties to the US government, coupled with its regulatory clarity, could align with efforts to modernise the US dollar through digital infrastructure. Beyond facilitating payments, XRP is emerging as a cornerstone of a multipolar financial system, streamlining value exchange across fragmented economies.

    Recent diplomatic overtures, including strengthened ties between US President Donald Trump and UAE leaders, underscore a commitment to economic collaboration in the region. Ripple’s expanding influence, underpinned by its Middle Eastern partnerships and global vision, places XRP at the vanguard of a transformative era in finance, where blockchain technology and shifting economic alliances are redefining the world’s financial future.

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