{"id":107810,"date":"2020-11-09T00:14:02","date_gmt":"2020-11-08T21:14:02","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ripple-opens-regional-office-in-dubai-following-volatile-q3-for-xrp\/"},"modified":"2020-11-09T00:14:02","modified_gmt":"2020-11-08T21:14:02","slug":"ripple-opens-regional-office-in-dubai-following-volatile-q3-for-xrp","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ripple-opens-regional-office-in-dubai-following-volatile-q3-for-xrp\/","title":{"rendered":"# Ripple opens regional office in Dubai following volatile Q3 for XRP"},"content":{"rendered":"<p>&#8220;<strong># Ripple opens regional office in Dubai following volatile Q3 for XRP <\/strong>&#8221;<\/p>\n<div data-v-5a136f3a=\"\">According to a Nov. 7 announcement, Ripple has <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.difc.ae\/newsroom\/news\/fintech-ripple-chooses-dubai-international-financial-centre-regional-headquarters\/\">established<\/a> a regional office in the Dubai International Financial Centre, or DIFC.\u00a0<\/p>\n<p>The blockchain-based payments firm reportedly chose the location for its \u201cinnovative regulations.\u201d The DIFC website <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.difc.ae\/about\/\">states<\/a> the special economic zone serves more than 2,500 companies across the Middle East, Africa, and South Asia as an \u201cindependent regulator\u201d with a \u201cproven judicial system.\u201d<\/p>\n<p>\u201cRipple already has a significant client base in the MENA [Middle East and North Africa] region and the opportunity to co-locate with our customers made DIFC a natural choice,\u201d said Navin Gupta, a managing director at Ripple. \u201cOur regional office will serve as a springboard to introduce our blockchain based solutions and deepen our ties with even more financial institutions in the region.\u201d<\/p>\n<p>CEO Brad Garlinghouse and co-founder Chris Larsen have spoken about moving the company\u2019s headquarters in San Francisco to a country with greater regulatory clarity than that of the United States. Cointelegraph reported Ripple has shortlisted Japan and Singapore as a potential location for its new offices. <\/p>\n<p>Based in the United Arab Emirates, the DIFC purportedly <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/en.wikipedia.org\/wiki\/Dubai_International_Financial_Centre\">offers<\/a> blockchain firms like Ripple no taxes on corporate income and profits for at least 50 years. In addition to the financial center, the Dubai Multi Commodities Centre \u2014 the largest free zone in the UAE \u2014 <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/asiatimes.com\/2020\/01\/dubai-launching-crypto-valley-in-tax-free-zone\/\">announced<\/a> in January that it is planning to launch a new type of crypto valley.<\/p>\n<p>Ripple\u2019s move comes amidst increased volatility for the XRP token compared to that of Bitcoin (BTC) and Ether (ETH) in 2020. According to the Q3 2020 XRP Markets Report <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/ripple.com\/insights\/q3-2020-xrp-markets-report\/\">released<\/a> on Nov. 5, XRP\u2019s volatility over Q3 was higher than that of BTC and ETH, representing an increase in volatility from that in Q2 and Q1. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/cd14fb30-0147-4ba4-9a65-55b836073a60.png\"\/><figcaption style=\"text-align: center;\"><em>Source: <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/ripple.com\/insights\/q3-2020-xrp-markets-report\/\"><em>Ripple<\/em><\/a><\/figcaption><\/figure>\n<p>XRP is currently trading at $0.25, having risen 2.09% in the last 24 hours. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"\/><\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ripple-announces-dubai-offices-following-volatile-q3-for-xrp\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ripple opens regional office in Dubai following volatile Q3 for XRP &#8221; According to a Nov. 7 announcement, Ripple has established a regional office in the Dubai International Financial Centre, or DIFC.\u00a0 The blockchain-based payments firm reportedly chose the location for its \u201cinnovative regulations.\u201d The DIFC website states the special economic zone serves more&#8230;<\/p>\n","protected":false},"author":1,"featured_media":107811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/86cafa63-89d6-42b4-b20b-6200478bee75.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77146,75557,117,71644],"class_list":["post-107810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-uae","tag-xrp","tag-business","tag-dubai"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/107810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=107810"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/107810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/107811"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=107810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=107810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=107810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}