Ripple and XRP Lead the Charge in UAE’s Blockchain-Powered Banking Evolution

CoinMarketCap01-03

The UAE is leading the crypto sector with stablecoin integration, progressive regulations, and government-supported blockchain projects. Cross-border payments in the MENA region are transforming ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2500904693?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-03 04:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2500904693","market":"us","top_or_hot":-1,"title":"Ripple and XRP Lead the Charge in UAE’s Blockchain-Powered Banking Evolution","media":"CoinMarketCap","content":"<div>\n<p>The UAE is leading the crypto sector with stablecoin integration, progressive regulations, and government-supported blockchain projects.\nCross-border payments in the MENA region are transforming ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6776f85069861f09306c353e/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ripple and XRP Lead the Charge in UAE’s Blockchain-Powered Banking Evolution</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRipple and XRP Lead the Charge in UAE’s Blockchain-Powered Banking Evolution\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-03 04:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/6776f85069861f09306c353e/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The UAE is leading the crypto sector with stablecoin integration, progressive regulations, and government-supported blockchain projects.\nCross-border payments in the MENA region are transforming ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6776f85069861f09306c353e/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EPM","symbol_name":"Evolution Petroleum","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6776f85069861f09306c353e/","article_id":"2500904693","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500904693","pubTimestamp":1735850064,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"The UAE is leading the crypto sector with stablecoin integration, progressive regulations, and government-supported blockchain projects.Cross-border payments in the MENA region are transforming through stablecoins, enhancing speed, cost efficiency, and financial inclusivity.The United Arab Emirates  is positioning itself as a global frontrunner in cryptocurrency adoption and blockchain technology. According to Reece Merrick, a Ripple representative, the country’s regulatory framework and governmental support are transforming its financial crypto market.One of the UAE’s most impactful developments is its progress with stablecoins. These cryptocurrencies, tied to fiat currencies, are increasingly integrated into the financial system to enhance transaction speed, security, and accessibility.Looking back on a milestone year for crypto and ahead to 2025, @Ripple remains committed to advancing the digital asset ecosystem across the Middle East and Africa. Here’s what we are looking forward t","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EPM":"Evolution Petroleum","GCC":"智慧树连续商品指数基金","BK4213":"石油与天然气的勘探与生产","UAE":"iShares MSCI UAE ETF"},"translate_title":"Ripple和XRP引领阿联酋区块链银行发展","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EPM":1,"GCC":1,"UAE":1},"content_text":"The UAE is leading the crypto sector with stablecoin integration, progressive regulations, and government-supported blockchain projects.\nCross-border payments in the MENA region are transforming through stablecoins, enhancing speed, cost efficiency, and financial inclusivity.\n\nThe United Arab Emirates (UAE) is positioning itself as a global frontrunner in cryptocurrency adoption and blockchain technology. According to Reece Merrick, a Ripple representative, the country’s regulatory framework and governmental support are transforming its financial crypto market.\nOne of the UAE’s most impactful developments is its progress with stablecoins. These cryptocurrencies, tied to fiat currencies, are increasingly integrated into the financial system to enhance transaction speed, security, and accessibility. \n\nLooking back on a milestone year for crypto and ahead to 2025, @Ripple remains committed to advancing the digital asset ecosystem across the Middle East and Africa. Here’s what we are looking forward to in 2025.\n– UAE’s Crypto LeadershipThe UAE is setting the pace for crypto…\n— Reece Merrick (@reece_merrick) January 2, 2025\n\nThe introduction of dirham-backed stablecoins and the establishment of frameworks for foreign stablecoins are reshaping cross-border payments, drastically reducing costs and processing times.\n\n“Looking back on a milestone year for crypto and ahead to 2025, @Ripple remains committed to advancing the digital asset ecosystem across the Middle East and Africa.” – Reece Merrick\n\nStablecoins are also redefining remittance systems across the Middle East and North Africa (MENA) region. These advancements are enabling faster, more efficient money transfers, strengthening financial connections between the Middle East, South Asia, and Africa.\n\n“Stablecoins as legal tender? It’s happening in the UAE. Dirham-backed coins & frameworks for foreign stablecoins are creating a safer, faster, & more inclusive financial system.” – Reece Merrick\n\nThe United Arab Emirates (UAE) is prioritizing the security of digital assets to bolster institutional trust as cryptocurrency becomes more prominent. The nation has established regulatory frameworks that ensure the safekeeping of these assets, which is essential for broader institutional engagement and the integration of blockchain technology into established financial systems.\nIn the Gulf Cooperation Council (GCC) countries, the process of asset tokenization is transforming the financial landscape. This process involves converting traditional assets like bonds and sukuk into digital tokens on blockchain platforms, thereby enhancing their liquidity and accessibility. \nBy the year 2025, it is anticipated that blockchain technology will be widely implemented within the banking sectors of the Middle East and North Africa (MENA). Leading this transformation are the UAE, Saudi Arabia, Bahrain, and Morocco, which are actively incorporating advanced payment systems, tokenized assets, and stablecoins into their financial infrastructures. \n\n2025 will see MEA’s banks fully embrace blockchain.” – Reece Merrick\n\nContinuing with the Ripple reports in ETHNews, Ripple’s focus on the UAE underscores its commitment to advancing digital asset adoption, reinforcing the country’s position as a global leader in financial technology.\n\n\n  Source: Tradingview\n \n\nXRP (Ripple) is currently trading at $2.39 USD, showing a 3.74% increase over the last 24 hours and a significant 10.42% gain in the past week. Its 24-hour trading volume is $9.54 billion USD, reflecting strong market activity. \nWith a circulating supply of 57 billion XRP tokens, XRP has a market capitalization of $137.33 billion USD, making it the third-largest cryptocurrency.\nPrice Movements:\n\nXRP’s price has fluctuated between $2.30 USD and $2.44 USD in the past 24 hours, indicating moderate volatility.\nThe current price is 29.65% below its all-time high of $3.40 USD, recorded in January 2018, showing room for growth as market sentiment improves.\n\nPrediction:\n\n\n  Source: Tradingview\n \n\nIn the short term, XRP is expected to trade within the range of $2.30 to $2.50 USD. A successful breakout above $2.50 could push the price toward $2.70 USD, while failure to hold the $2.30 support might lead to a pullback toward $2.20 USD.\nThe post Ripple and XRP Lead the Charge in UAE’s Blockchain-Powered Banking Evolution appeared first on ETHNews.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2500904693"}