UAE’s Largest Airline Emirates Embraces Bitcoin Payments

UAE’s Largest Airline Emirates Embraces Bitcoin Payments
фото показано с : zycrypto.com

2022-5-15 00:04

Emirates, the biggest airline carrier for the United Arab Emirates (UAE) has announced plans to add “bitcoin as a payment service.”

Speaking at the Arabian Travel Market in Dubai, the airline’s Chief Operating Officer (COO) Adel Ahmed Al-Redha stated that they would soon be rolling out a Metaverse and Non-Fungible Tokens (NFTs), a local media house reported on May 13.

The plan according to Mr. Ahmed was to place Emirates at the front of the disruptive blockchain technology, while at it, connecting with customers faster and in a more flexible way. The airline would thus start hiring new staff for its metaverse and NFTs division to help in the monitoring and improvement of customer services.

“With the metaverse, you will be able to transform your whole process-whether it is in operation, training sales on the website, or complete experience into a metaverse type application, but more importantly making it interactive,” Ahmed said, adding that they also intended on using blockchain technology in tracking aircraft records.

Additionally, Emirates had plans to integrate Bitcoin as a payment option while adding NFT collectibles on the company’s website for trading purposes.

“The first projects are already underway”, Mr. Ahmed said adding that the Emirates Pavilion at Expo 2020 Dubai  “will be repurposed into a center for innovation, including the development of the airline’s metaverse and NFT projects.”

This is not the first time Emirates, the UAE’s largest airline has shown interest in the digital assets ecosystem.

In an announcement last month, the airline had said that it “will soon launch NFTs and exciting experiences in the metaverse for its customers and employees” as part of its plan to be a leading airline in Web3.

In a comment at the time, Sheikh Ahmed bin Saeed Al Maktoum, Chairman, and Chief Executive, Emirates airline and Group said: “Dubai and the UAE are blazing the way in the digital economy, having a clear vision supported by practical policies and regulatory frameworks in areas such as virtual assets, artificial intelligence, and data protection.”

Currently, the list of airlines accepting Bitcoin for payments includes; AirBaltic, LOT Polish Airlines, and Peach Aviation among others. Billionaire Richard Branson has proclaimed that his futuristic commercial space project Virgin Galactic will also accept bitcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

United Arab Emirates Coin (UAEC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 UAEC

emirates uae airline bitcoin plans announced service

emirates uae → Результатов: 121


UAE Real Estate Giant To Accept Bitcoin, Ethereum As Payment For Posh Abodes

Damac Properties, a prominent real estate developer based in Dubai, United Arab Emirates, announced Wednesday that it would begin taking Bitcoin and Ether payments for its luxury properties. Damac stated that enabling the acquisition of premier real estate via bitcoin and other cryptocurrencies will transform the future of global property development. Damac has also announced […]

2022-4-28 11:11


Фото:

Russians are liquidating crypto in the UAE to seek safe havens: report

Russian crypto holders are reportedly liquidating billions of dollars in virtual currency, putting these into investments in Dubai. Some have sought to buy into other safe-haven assets. According to a report by Reuters on Friday, 11 March, digital asset platforms based in the United Arab Emirates (UAE) have been inundated by requests to sell Bitcoin […] The post Russians are liquidating crypto in the UAE to seek safe havens: report appeared first on Invezz.

2022-3-11 20:42


Фото:

UAE Looks To Issue Federal Crypto Licenses To Bolster Credentials As A Global Industry Haven

The United Arab Emirates has hatched a plan to become a global crypto hub wherein the world’s largest crypto companies will be lured in to set up shop in the country. The Middle Eastern country is reportedly planning to issue licenses for cryptocurrency-related firms by the end of this quarter. UAE Readies A National Licensing […]

2022-2-18 14:46


UAE Introduces New Law to Combat Crypto Crime, Allows Licensed Cryptocurrency Offering & Promotion

The United Arab Emirates (UAE) is introducing new rules to promote cryptocurrency development while curbing digital currency scams targeting investors in the country. Under the new rules, crypto scammers will face prison time for up to 5 years and a penalty of up to AED 1 million (just over $272k), starting January 2, 2022.

2021-12-30 20:14


Arab Bank Partners With Tezos (XTZ) for Crypto Custody and Staking

Crypto-friendly policies in the United Arab Emirates (UAE) have been ramping up recently, with another leading financial institution making a big splash in the crypto industry. Growth for Everyone Involved Arab Bank Switzerland – the Swiss subsidiary of the Arab Bank, has partnered with the Tezos Foundation to enable institutional crypto custody, per a press […] The post Arab Bank Partners With Tezos (XTZ) for Crypto Custody and Staking first appeared on BitcoinExchangeGuide.

2021-10-6 20:11


LuLu Exchange and Federal Bank Enhance Cross-Border Payments Experience into India with RippleNet

At 3.5 million people, the United Arab Emirates is home to the largest population of Indian migrants globally, making the UAE the top source of remittances for India. Recognizing a need to enhance the cross-border payments experience in one of the biggest remittance corridors in the world, LuLu Exchange, a leading Abu Dhabi-based financial services … Continued The post LuLu Exchange and Federal Bank Enhance Cross-Border Payments Experience into India with RippleNet appeared first on Ripple.

2021-2-12 07:00


Фото:

Central Banks of UAE and Saudi Arabia Say CBDCs are More Efficient and Can Preserve Privacy

The conclusion of Project Aber and subsequent review by the Central Banks of the Kingdom of Saudi Arabia (Saudi Arabian Monetary Authority) and the United Arab Emirates (CBUAE) shows that Distributed Ledger Technology (DLT) can improve remittance and satisfy privacy demands despite it being technically untenable, a joint report on Nov 28 reveals.

2020-12-1 02:00