Emirates to Accept Bitcoin Payments and Launch NFT Collectibles

Emirates to Accept Bitcoin Payments and Launch NFT Collectibles

Emirates, the largest airline in the United Arab Emirates (UAE), has announced that it has plans to implement Bitcoin (BTC) payments and launch non-fungible tokens (NFTs) to be traded through the company’s websites.

Speaking to the media at the Arabian Travel Market, Emirates Chief Operating OfficerAdel Ahmed Al-Redha reportedly stated that the Dubai-based airline will be onboarding new employees who will focus on projects related to blockchain technology, such as cryptocurrency payments, blockchain-based tracking, the metaverse, and NFTs.

According to Al-Redha, the airline is studying the use of blockchain to maintain aircraft records. In addition, the airline executive also pointed out that he could use the metaverse to transform his processes, such as operations, training, web sales and other airline-related experiences, into the digital world. The airline’s COO believes this will make processes “more interactive.”

Apart of this, Al-Redha also mentioned that the airline industry is slowly making a comeback as there are more and more travelers. To expand its reach, the company is adopting new technologies, such as a Bitcoin payment service and the sale of collectibles in NFT format.

Airports and airlines around the world have been looking for ways to integrate blockchain-based technologies and cryptocurrency payments. In February 2021, Air France partnered with several organizations to create a blockchain-based system that verifies COVID-19 test results.

In March 2021, the Latvian airline airBaltic added Dogecoin (DOGE) and Ether (ETH) to its payment options. The airline has been accepting BTC since 2014 and allows the use of other currencies such as USD Coin (USDC), Binance USD (BUSD), and Gemini Dollar (GUSD).

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In October 2021, Salvadoran President Nayib Bukele announced that the airline Volaris El Salvador will accept payments in BTC. The announcement came after El Salvador boosted the adoption of BTC by declaring it legal tender.

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