Category: Dubai International Financial Centre

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Ripple and DIFC Partner to Drive Blockchain and Crypto Adoption in UAE

August 8, 2024

Ripple has unveiled its plan to partner with the Dubai International Financial Centre (DIFC) Innovation Hub to promote blockchain and crypto adoption in the UAE. The collaboration seeks to encourage innovation among early-stage companies and large institutions. Ripple has dedicated one billion XRP to provide financial, technical, and business support to developers on the XRP…
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Dubai to Subsidize Commercial Licenses for Web3 and AI Companies

August 19, 2023

Dubai will offer subsidized licenses for Web3 and artificial intelligence (AI) companies that want to enter the country. The Dubai International Financial Centre (DIFC) and its campus will subsidize 90% of the costs of these licenses to attract companies in this sector as part of its push to become a worldwide tech hub. Dubai to…
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