TimesTabloid
2025-06-26 05:49:42

XRP Army Rejoices As UAE Green-lights Crypto Payments for Taxis

In a notable advancement for digital payments in the United Arab Emirates, taxis in Abu Dhabi have begun accepting cryptocurrency as a payment method. The launch, which took place during a live demonstration with Tawasul Transport, featured the first official ride paid for using AE Coin, signaling the country’s intention to integrate blockchain technology into everyday services. While the pilot program currently supports AE Coin, it has sparked significant interest in the potential for other digital assets to be included, particularly XRP. Known for its fast transaction speeds and institutional use cases, XRP has already gained considerable traction in the UAE through Ripple’s expanding presence. Crypto influencer Amelie (@_Crypto_Barbie) highlighted the development online, pointing to XRP’s growing footprint in the region and voicing the broader community’s hope that XRP could soon be used for such public-facing transactions. BREAKING: TAXIS IN THE UNITED ARAB EMIRATES HAVE NOW STARTED ACCEPTING CRYPTOCURRENCY AS A FORM OF PAYMENT! RIPPLE ALREADY HAS A MASSIVE FOOTPRINT IN THE UAE! #XRP UAE https://t.co/oKXKlur15Q pic.twitter.com/Png00GJgjX — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) June 24, 2025 Ripple’s Expanding Role in the UAE Ripple has steadily been increasing its activity in the Middle East, with the UAE positioned as a central hub. It recently became the first blockchain-based payments provider to receive regulatory approval from the Dubai Financial Services Authority (DFSA) to operate within the Dubai International Financial Centre (DIFC). This milestone has positioned Ripple favorably for future integrations within the region’s evolving financial and service infrastructure. While XRP is not currently included in the Abu Dhabi taxi payment system, Ripple’s momentum suggests that expansion into this space is plausible. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Ripple’s technology is already being adopted within the UAE government frameworks. The Dubai Land Department has integrated XRP for tokenized land deed transfers , signaling early confidence in the asset’s utility for secure, real-time settlement of high-value transactions. Additionally, Webus International, a Chinese AI-driven transport firm, announced plans to build a $300 million XRP reserve fund , aimed at supporting digital innovation in global mobility sectors, including luxury transport. Strategic Fit for Urban Innovation The adoption of crypto payments for taxis comes at a time when the UAE is accelerating efforts to modernize transportation and shift toward a digital economy. The initiative is part of a broader strategy aimed at enhancing sustainability, reducing cash dependency, and embracing emerging technologies across public services. XRP is becoming a dominant asset in Asia , and although AE Coin was the first to be used in the taxi pilot, the move lays foundational groundwork for broader crypto adoption. Given Ripple’s growing regulatory acceptance and practical deployments across the UAE, XRP remains a likely candidate for future inclusion in transportation-related payment systems. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Army Rejoices As UAE Green-lights Crypto Payments for Taxis appeared first on Times Tabloid .

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