Ripple (XRP) executives met with UAE officials in Dubai! Here are the details of the meeting.

Ripple Labs, led by President Monica Long, met today with officials from the United Arab Emirates (UAE) as part of the Dubai Fintech Summit.

The meeting discussed the topics of digital payment infrastructure and the acceleration of financial innovation.

In the company’s post on the social media platform X, formerly known as Twitter, it was stated, “Dubai’s leadership in becoming one of the world’s leading centers in the field of digital assets continues to impress us.”

Ripple has expanded its presence in the region with the office it opened in Dubai in 2020, and as of today, the Middle East region has begun to constitute 20% of its global customer base.

Last year, Ripple announced an important partnership with the Dubai International Financial Centre (DIFC). The collaboration with the DIFC Innovation Hub was particularly noteworthy. Currently, this platform hosts over 1,000 growth-stage technology companies, innovation-focused ventures, digital labs, venture capital funds, regulators, and educational institutions.

In a statement from Ripple, it was said that “the partnership between Ripple and the DIFC Innovation Hub will provide a foundation to promote blockchain and cryptocurrency adoption among early-stage companies.” Ripple CEO Brad Garlinghouse stated that this collaboration will ensure “greater adoption of XRPL as a leading blockchain in the region.”