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Approximately 500 companies and half a million end-users can now pay for consulting, digital transformation, and accounting services offered by Nephos Group using AE Coin; it is the first stablecoin backed by the UAE Dirham and licensed by the Central Bank of the United Arab Emirates.
Through the AEC Wallet, Nephos Group clients can settle their invoices within seconds using AE Coin, benefiting from faster settlements and reducing reliance on traditional banking channels.
By integrating this wallet, the group benefits from an advanced financial infrastructure aimed at enhancing the customer experience by providing the following features:
Settlement of invoices within seconds instead of days.
Reducing transaction costs compared to payment cards and international bank transfers.
Completing payments from the wallet to companies without intermediaries.
Greater transparency in pricing through a digital currency linked to the UAE Dirham.
This move follows the group's adoption of AE Coin, making it the first professional services company in the region to accept payments via regulated stablecoins, marking an official entry of AE Coin into the traditional business services sector.