Emirates Airlines Announces its Plan to Accept Bitcoin Payments

Emirates Airlines recently announced that it will soon accept bitcoin as a form of payment. The United Arab Emirates’s largest airline is also planning to make NFTs tradable on the company’s website.

According to Emirates’ chief operating officer, Adel Ahmed Al Redha, Emirates intends to utilize blockchain technology in tracking aircraft records. Currently, the company is also recruiting new staff to focus on implementing and managing crypto payments, blockchain tracking, metaverse and NFT (non-fungible token) projects. However, a launch date for the new features has not been revealed. 

The COO also stated that the carrier’s blockchain-related initiatives are part of a larger plan to better “monitor consumer requirements” and make operations, training, and internet sales more “interactive.” 

Emirates is set to embrace blockchain technology

In April, Emirates publicly announced its strategy to invest “tens of millions of dollars”  in order to expand its services to the Metaverse. Additionally, the airline is working on utility-based NFTs that may be released in the upcoming months. 

Already, other airlines have already begun to take cryptocurrencies as payment. In 2014, Latvian airline airBaltic became the first in the world to accept bitcoin payments for flight tickets. It now accepts ether and Dogecoin as well.

Furthermore, Dubai’s Virtual Assets Regulatory Authority (VARA) has launched its official debut into the metaverse. The cryptocurrency regulator recently purchased land in The Sandbox metaverse with the intention of establishing a virtual headquarters or “MetaHQ,” there.