Report: UAE’s Emirates Airline Set to Use ‘Bitcoin as a Payment Service’

Share This Post

One of the United Arab Emirates (UAE)’s leading airlines, Emirates Airline, said it has plans to add “bitcoin as a payment service.” The airline is planning to recruit personnel to create applications that monitor client needs.

Two Different Applications and Approaches

The United Arab Emirates (UAE)’s leading airline, Emirates Airline, will soon embrace “bitcoin as a payment service,” the company’s chief operating officer (COO) Adel Ahmed Al-Redha has said. In addition, the airline will add non-fungible token (NFT) collectibles on its webpage.

Reports of the airline’s plan to embrace bitcoin come just a few weeks after it revealed its NFT and metaverse plans. As reported by Bitcoin.com News, the company’s goal with the metaverse launch is to ensure the airline is “aligned with the UAE’s vision for the digital economy.”

In remarks published in Arab News, Al Redha hinted that his company may have to recruit employees to assist it in creating applications which monitor customer needs. He also spoke of the differences between NFTs and the metaverse. He explained:

“NFTs and metaverse are two different applications and approaches. With the metaverse, you will be able to transform your whole processes — whether it is in operation, training, sales on the website, or complete experience — into a metaverse type application, but more importantly making it interactive.”

The report did not state when the airline expects to launch its bitcoin payment service.

What are your thoughts on this story? Tell us what you think in the comments section below.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Securitize Selects Wormhole as Official Blockchain Interoperability Provider

Real-world-asset (RWA) tokenization infrastructure provider Securitize has chosen Wormhole as its official interoperability provider to facilitate cross-chain transfers for all tokenized assets on

These Altcoins Are Seeing High Whale Interest After Fed Rate Cut

On-chain data shows three altcoins are observing a high transaction activity from the whales after the US Federal Reserve (Fed) announced a rate cut Whale Transaction Count Has Spiked For These

Bitcoin Metrics Show Market Equilibrium: Entry Opportunity Or A Sign Of Stagnation?

Bitcoin has surged 11% since Tuesday following the Federal Reserve’s announcement of a 50 bps interest rate cut This significant price movement pushed BTC past the $62,000 mark, a psychological

BNY Mellon Cleared For Bitcoin Custody And Institutional Crypto Services

In a significant development for Bitcoin (BTC), the broader crypto market and the traditional banking industry, BNY Mellon has been identified as the first bank to receive an exemption from the

SEC won’t judge ‘merits’ of Trump’s DeFi project, but same regulatory issues await

Former President Donald Trump’s DeFi project, World Liberty Financial, will not be exempt from the stringent and opaque regulations imposed on US-based crypto ventures, according to SEC

Hashpower Evolution: Bitmain’s New ASIC Packs 477,677% More Power than the 2013 S1

This week, Bitmain introduced its latest bitcoin mining machine, which packs an impressive punch with a reported output of 860 terahash per second (TH/s) To put that in perspective, this new rig