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Emirates Airline Accepts Bitcoin Payments and Launches NFT Collection

  • Emirates hires new staff to manage Metaverse and NFT projects
  • Emirates COO Adel Ahmed Al-Redha announced the news at the Arabian Travel Market

Emirates, the largest airline in the United Arab Emirates, announced its intention to add Bitcoin as a payment option and make NFT collectibles tradable on the company’s website.

The Dubai-headquartered airline also hopes to use blockchain technology in tracking aircraft records specified by Adel Ahmed Al-Redha, Emirates Chief Operating Officer, at a media meeting at the Arabian Travel Market international travel show.

The COO did not say when the new features would be available, but revealed plans to hire new staff who will focus on implementing and managing crypto payments, blockchain tracking, metaverse and non-fungible token (NFT) projects.

He added that these blockchain-related plans are part of the network operator’s strategy to “better monitor customer needs” and make operations, training and website sales more “interactive” processes.

Emirates first released its in April to plan Spending “tens of millions of dollars” on a strategy to expand its services into the Metaverse and develop collectible and service-based NFTs that are expected to launch in the coming months.

With more and more Dubai-based companies opting for blockchain and crypto, Dubai’s Virtual Assets Regulatory Authority (VARA) has also made its official foray into the metaverse. The cryptocurrency regulator recently acquired land in The Sandbox’s metaverse to establish a virtual headquarters, or “MetaHQ.”

A number of other airlines already accept cryptocurrencies as a means of payment. Latvian airline airBaltic was the first in the world to accept bitcoin payments for its airline tickets back in 2014 also accepts Ether and Dogecoin.

In October 2021 El Salvador’s President Nayib Bukele announced Central American low-cost airline Volaris would accept bitcoin, but this plan has not yet been implemented.

The Emirates Airline to Accept Bitcoin Payments and Launch NFT Collection post does not constitute financial advice.

Source: Crypto News Austria

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