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The Customer Obsessed to Descend on London on 13 May EXCLUSIVE: “Changing Horizons’ – Andrew Kesbey, Focusync in ‘The Fintech Magazine’ Open Letter From Equifax UK Calls for Industry Collaboration to Tackle Financial Inclusion and Vulnerability In Payment Orchestration, the Early Adopters Have the Last Laugh AutoRek and AccessPay Join Forces to Deliver a Streamlined End-to-End Data Retrieval and Reconciliation Solution Vixio Launches Vixio Workspace: A Transformative Regulatory Management Tool Lynx Launches Next-Generation Fraud Prevention Models  UK Fintech Sprive Raises £5.5m in Funding to Help Millions Repay Their Mortgage Faster, Saving a Fortune in Interest Mastercard Unveils End-to-End Capabilities to Power Stablecoin Transactions – From Wallets to Checkouts RS2 Unveils AI-Powered Orchestration Layer to Modernize Bank Legacy Systems Checkout.com Launches Face Authentication to Strengthen Digital Identity Verification Railsr and Equals Combine To Create Europe’s Largest Embedded Finance Provider Private Equity-backed Pension Advice Provider, My Pension Expert, to Target Further Acquisitions Following £25m Loan From OakNorth Checkout.com Launches Face Authentication to Strengthen Digital Identity Verification Artis Partners Closes First Quarter With Three Deals and Fund Exit Advisory Launch

March 17 2025

Crypto Markets Rebound from November Lows as Ripple Gains DFSA Approval for Regulated Payments

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Ripple has recently achieved a significant milestone by securing regulatory approval from the Dubai Financial Services Authority (DFSA), positioning it as the first blockchain payments provider to be licensed in the Dubai International Financial Centre (DIFC). This approval marks a key development for Ripple, enabling fully regulated cross-border crypto payments in the UAE, Simon Peters, Crypto Analyst at eToro commented.

With this achievement, the UAE will benefit from faster, more affordable, and transparent crypto transactions. The utility of such payment systems is expected to drive increased adoption of stablecoins in the region. Stablecoins offer real-time settlement capabilities, significantly reducing the processing time compared to traditional banking systems, which often take several days for cross-border transactions.

Ripple’s RLUSD stablecoin, which was launched globally in late December, has already exceeded $130 million in market capitalization.

Crypto Markets Experience a Rebound
After hitting their lowest levels since early November 2024, crypto markets have begun to recover. The total market capitalization fell to $2.44 trillion on Tuesday, but has since risen to $2.69 trillion. Bitcoin, in particular, saw its value dip to $76,600 before optimism was sparked by cooler-than-expected inflation data from the US, giving risk assets some much-needed relief. Simon Peters, Crypto Analyst at eToro said.

The focus now shifts to the upcoming interest rate decision on Wednesday, where the US Federal Reserve is expected to maintain rates at 4.5%. However, Fed Chair Jerome Powell’s subsequent press conference may provide crucial insights into future monetary policy and interest rate projections.

The Fed faces the challenge of reducing inflation to target levels without triggering a recession. Complicating matters further, tariffs imposed by President Trump could hinder economic growth and drive prices higher.

People In This Post

Simon Peters

eToro

Companies In This Post

Ripple

eToro
  1. The Customer Obsessed to Descend on London on 13 May

    Events

     Read more
  2. EXCLUSIVE: “Changing Horizons’ – Andrew Kesbey, Focusync in ‘The Fintech Magazine’

    The Fintech Magazine

     Read more
  3. Open Letter From Equifax UK Calls for Industry Collaboration to Tackle Financial Inclusion and Vulnerability

    Fintech

     Read more
  4. In Payment Orchestration, the Early Adopters Have the Last Laugh

    Thought Leadership

     Read more
  5. AutoRek and AccessPay Join Forces to Deliver a Streamlined End-to-End Data Retrieval and Reconciliation Solution

    News

     Read more
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