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Ripple’s Unstoppable Rise: They Convinced Someone Somewhere to Let Them Do Stuff Without Totally Screwing Everything Up!

Crypto NewsFeaturedNews Doug Martinez October 5, 2024

A stylized illustration depicting Ripple's logo surrounded by ripples on water, with Dubai cityscape silhouetted in the background. A series of connected gears turn smoothly above, symbolizing seamless payments. In the foreground, a pair of hands release small stones into the calm waters below.

I’m shocked – SHOCKED! – that Ripple has managed to convince some regulators somewhere to let them operate without causing too much chaos. I mean, it’s not like they’re a bunch of reckless crypto bros who think the rules don’t apply to them or anything (although, come on, Dubai? Really?). Nope, this is just another example of how these companies are using their charm and good looks to wangle approval from anyone foolish enough to give it. And what do we get in return for our largesse? More ‘efficient’ cross-border payment solutions that will probably be used by a handful of accountants who need to transfer cash between Dubai and New York, but not much else.

Source: bitcoin.com

Ripple Gets Green Light for Dubai Expansion
https://news.bitcoin.com/ripple-gets-green-light-for-dubai-expansion
Ripple, a digital asset infrastructure provider, has received approval to expand its operations in Dubai. The Dubai Financial Services Authority (DFSA) granted Ripple “in-principle approval” to offer its services from the Dubai International Financial Centre. This will allow Ripple to provide seamless cross-border payment services in the United Arab Emirates and align with its goal of offering efficient payment solutions. The approval also strengthens Ripple’s global presence as a regulated […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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