Emirates airline to start accepting bitcoin payments

The company will also explore the possibilities of using blockchain technology to track aircraft

14.05.2022 - 07:30

365

2 min

What’s new? Dubai airline Emirates will start accepting bitcoin payments. The airline will also add the ability to trade NFTs on its websites and begin developing a metaverse. The virtual space will be used for work tasks, pilot training, and sales. In addition, the company intends to use blockchain technologies to track aircraft. It is reported by the outlet Arab News.

Information on the Arab News website

What did the company representative say? Emirates Chief Operating Officer Adel Ahmed Al Redha said that the initiative is part of Emirates’ strategy to better connect with its customers. He added that the airline industry is gradually reviving as the number of travelers is increasing.

What is known about Emirates? It is one of the world’s largest airlines, which was founded in 1985 by the top leadership of the Emirate of Dubai (UAE). It is a subsidiary of The Emirates Group.

What events happened before? Spain’s third largest airline, Air Europa, partnered with TravelX, a blockchain company, to launch the world’s first collection of NFT airline tickets (NFTickets) jointly with Algorand. Users who purchased NFTickets would have access to a special Madrid Miami flight on November 29, 2022.

Taylor Travel Management Group, a Dutch travel agency, would start accepting crypto payments. The company partnered with BitPay and would be able to accept Bitcoin, Shiba Inu, Bitcoin Cash, Ethereum, Dogecoin, Litecoin, and Stellar in exchange for all its services.

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