Ripple has revealed that there is a plan to establish a new office in Dubai within the year to expand the business targeting the Middle East market . The Bitcoin Exchange Guide reported on 1 November.
Dilip Rao, who is in charge of infrastructure innovation at the Dubai Conference in Dubai, announced that it has set Dubai as its first target to enter the Middle East market.
Dubai Office, which is scheduled to be opened by the end of 2018, is expected to become a base for further promoting cross-border settlement. Mr. Rao decided to revitalize the regional economy by cross-border.
He also said that Ripple has partnered with more than 200 Middle Eastern companies so far and expects further partnership collaboration in the future.
“Ripple has been walking together, not against hosts, to develop solutions that meet regulatory compliance requirements around the world.”
Article Source: Bitcoin Exchange Guide
Advancing into the Middle East market seems to play a role in the spread of XRP worldwide
Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/ripple-to-open-office-in-dubai/
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