Changer.ae, DeScript Labs ink MOU to enable digital asset payments with AED settlement
Changer.ae and DeScript Labs signed an MOU to enable digital asset payments with AED settlement, allowing merchants to accept crypto while receiving fiat.Summary
Changer.ae Limited, a regulated virtual asset custodian in Abu Dhabi, has signed a Memorandum of Understanding (MOU) with DeScript Labs INC to facilitate digital asset payments settled in AED. The collaboration combines Changer’s regulated custody services with DeScript Labs’ merchant technology infrastructure, including PayTheFly, to enable businesses to accept digital assets while receiving fiat currency. This initiative targets high-value sectors like real estate and luxury retail in the UAE, aiming to reduce volatility risks for merchants. The MOU, valid for one year, is non-binding except for confidentiality clauses and will involve a joint working group to address technical and regulatory integration. Changer operates under ADGM’s FSRA regulation, while DeScript Labs specializes in digital asset settlement solutions.
(Source：Gulf News)