Bitcoin as payment for flights

Bitcoin as payment for flights: Emirates, the flag carrier from the Uae (UAE), has announced its intention to integrate cryptocurrencies for example Bitcoin, in addition to the metaverse and non-fungible tokens (NFTs), into its transactions. Additionally, it intends to adopt blockchain solutions in tracing records of aircraft.

The airline’s decision belongs to its technique to enhance its connectivity using its customers.

More details about Emirates’ plans:

New staff to be hired for handling crypto, metaverse

Bitcoin as payment for flights

Speaking at a media gathering at Arabian Travel Market in Dubai, Emirates Chief Operating Officer (COO), Adel Ahmed Al-Redha, stated that air travel will prove to add NFTs to the websites of the organization for buying and selling purposes. Emirates also intends to use Bitcoin as payment for flights.

“NFTs and metaverse are a couple of different applications and approaches,” Al-Redha was quoted as saying by Arab News.

He stated that metaverse can help transform the whole process including areas for example operation and training into a credit card application, which makes it more interactive.

Based on the report, the COO also stated that a new workforce will be included in the present staff included in the strategy. The brand new hires are going to be likely to handle Emirates’ foray into the metaverse and NFTs.

Emirates had signaled the ‘metaverse intent’ in April

Al-Redha’s comments stick to the company’s April announcement concerning the launch of NFTs and it is entered into the metaverse.

At that time, Dubai-headquartered Emirates stated the “first projects happen to be underway” without giving a particular date of launch. Bitcoin as payment for flights The organization also mentioned the Emirates Pavilion at Expo 2020 Dubai “will be repurposed right into a center for innovation, including the introduction of the airline’s metaverse and NFT projects.”

Commenting on the development, Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Leader, Emirates air travel and Group, stated, “Dubai and also the UAE are blazing the means by the digital economy, getting an obvious vision based on practical policies and regulatory frameworks in areas, for example, virtual assets, artificial intelligence, and knowledge protection.”

The most recent Arab News report doesn’t specify just when Emirates expects to produce its Bitcoin as payment for flights.

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