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Emirates airline to integrate Bitcoin payments and release NFTs

Wednesday 18 May 2022 13:04 CET | News

UAE-based airline Emirates has intended to use Bitcoin as a payment option and will launch NFT collectibles tradable on its website.

The airline also hopes to use blockchain technology in tracing aircraft records. Company officials added that these blockchain-related plans are part of the carrier’s strategy to better ‘monitor customer needs’ and make operations, training, and website sales more ‘interactive’ processes.

Emirates first made public in April 2022 its plan to spend ‘tens of millions of dollars’ on a strategy to extend its services to the metaverse and to develop collectible and utility-based NFTs, with a launch anticipated in the near future.

As more Dubai-based businesses embrace 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 metaverse with plans to establish a virtual headquarters, or ‘MetaHQ.’

A number of other airlines already accept cryptocurrency as payment. Latvian airline airBaltic was the  first to accept Bitcoin payments for its flight tickets back in 2014. It now also accepts Ether and Dogecoin. In October 2021, El Salvador’s president announced the Central American nation’s low-cost airline Volaris would accept bitcoin, but that plan has not yet been implemented.


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Keywords: cryptocurrency, metaverse, NFT, product upgrade, digital assets
Categories: DeFi & Crypto & Web3
Companies: Emirates
Countries: United Arab Emirates
This article is part of category

DeFi & Crypto & Web3

Emirates

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