Ripple’s Annual Swell Conference in Dubai
If you’re interested in keeping up with the latest developments in the crypto and blockchain sectors, then you’d be glad to know that Ripple’s annual Swell conference provides a convergence point for leaders in the payments, financial services, and blockchain sectors. This year, the event was held in Madinat Jumeirah, Dubai (November 8-9, 2023). In a blog post dated 8 December 2023, Ripple shared detailed insights from the event, focusing on the evolving business landscape of crypto.
Ripple Payments Evolves to Serve SMEs
Ripple talked about significant highlights from the conference, which included the announcement by Brendan Berry, Ripple’s Head of Payments Product, regarding the latest evolution in Ripple Payments. This platform, originally launched as RippleNet, has been designed to aid financial institutions with efficient cross-border payments. The platform has now expanded to cater to the needs of small- and medium-sized enterprises (SMEs), bringing user-friendly, plug-and-play solutions for global businesses.
Dubai as a Global Crypto Hub
Ripple’s report from the conference also sheds light on a panel discussion led by Saqr Ereiqat of Crypto Oasis, recognizing Dubai’s pioneering role in the global crypto economy. The UAE’s early governmental adoption of blockchain technology laid the groundwork for its current status as a crypto leader.
DIFC’s Role in Blockchain Adoption
Ripple’s coverage of the event also included a session featuring Alya Al Zarouni, COO of DIFC Authority, and Ripple President Monica Long. The discussion revolved around DIFC’s collaboration with DFSA in driving blockchain adoption in the region. Al Zarouni highlighted DFSA’s smart regulation, which has allowed blockchain and digital assets like XRP to flourish in the UAE.
Blockchain and Sustainability
Finally, Ripple’s post highlighted the discussion on blockchain’s role in sustainability, particularly in climate finance. The focus was on sustainability and blockchain during the chat, in the context of the upcoming COP28 in Dubai, aligning with the UAE’s positioning as a leader in sustainability within the technology space.
Hot Take: Ripple’s Insights from Swell 2023
Ripple’s annual Swell conference in Dubai sheds light on significant developments in the crypto and blockchain sectors. By focusing on key takeaways from the event, such as Ripple Payments’ evolution to serve SMEs, Dubai’s role as a global crypto hub, DIFC’s efforts in blockchain adoption, and the discussion on blockchain and sustainability, Ripple’s blog post provides valuable insights into the evolving business landscape of crypto and blockchain.
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