Arab Financial Services (AFS) has partnered with Ternoa Blockchain to enable billions of retail customers to use cryptocurrencies. AFS will work with Ternoa's PayFi network to offer stablecoin payments to UAE merchants through point-of-sale terminals. The partnership will also see the launch of Athar, a decentralized finance protocol aimed at onboard billions of retail customers. This move comes after the UAE Central Bank introduced regulations for stablecoin payment token services in 2024. AFS will promote the Athar-powered crypto payment solution to merchants in the UAE, with the aim of driving broader adoption of digital payments in the region.



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