Changer.ae signs MOU with DeScript Labs to promote encrypted payment settlement AED for UAE merchants

According to Gulfnews, Changer.ae, a licensed virtual asset custodian in Abu Dhabi's global market ADGM, has signed a one-year MOU with DeScript Labs (PayTheFly), a digital asset settlement and merchant technology company. The two parties will jointly explore the compliance path for high-value industry merchants in the UAE, such as real estate, automotive, luxury goods, etc., to accept digital asset payments and settle in AED fiat currency. They will also provide enterprise customers with a fund management solution based on decentralized protocols for on chain clearing, compliant fiat currency settlement, and built-in multi signature mechanisms.