The United Arab Emirates (UAE) is leading in the adoption of Web3 technology, with IOTA and XRP being among the top cryptocurrencies in the region. The UAE is correctly adopting IOTA's Distributed Ledger Technology (DLT) with the involvement of major players such as Abu Dhabi Global Markets and the Central Bank of the UAE. IOTA has made significant progress in the UAE, including the launch of the IOTA Foundation and receiving full Shari'a approval. XRP has also made strides in the region, with Ripple receiving in-principle approval from the DFSA and partnering with the DIFC Innovation Hub. Both IOTA and XRP have seen price increases in the last 24 hours. Overall, the UAE's adoption of Web3 technology is likened to its past oil rush.



Other News from Today