Ripple is soon going to have its global office in Dubai to better cope with its Middle-East clients towards facilitating improved cross-border transactions. The news surfaced when Dilip Rao, the Global Head of Infrastructure Innovation at Ripple revealed about company’s upcoming plans in a recent conference in Dubai.

Rao explained that the cryptocurrency company has planned to enter the Middle-East market by the end of this year. This has been in the bucket list since years because of company’s sign up with more 200 institutions around the globe with most of them from the middle east.

For this, Ripple has decided to set up a new office at Dubai as it will be a centre spot to all Middle-East companies. The company owns clients like Al Rajhi, the largest Islamic Bank in Saudi Arabia and the Kuwait House of Finance which makes the decision sound even more logical.

The company has also stated that it will further focus on improving cross border transactions in the future. Rao explained how the former system costs unwanted surcharges and time delay to send money to another country, leading to the loss of efficiency in many companies and how Ripple will mark an end to it in near future. He said that Ripple bears the capability to enable micropayments efficiently that former systems lack to perform efficiently.