Emirates, a United Arab Emirates (UAE) airline, plans to add a payment option to Bitcoin. Along with this, it will also launch a non-fungible token (NFT) trading platform. Earlier, the airline had shown interest in launching digital collectors. Along with this, it was also announced to increase the Metaverse experience for passengers.
Emirates’ Chief Operating Officer Adel Ahmed Al Redha explained the bitcoin-related plan at an event held at the International Travel Show, The Arabian Travel Market. According to the Arab News report, Al Redha also hinted at hiring employees to help create applications that monitor customer needs. However, he did not say how long the payment service in Bitcoin can be started.
He said of Metaverse, “With Metaverse, a big change can be made to the whole process, whether it’s training or sales on the website or the whole experience. It’s important to make it interactive. Last month, Emirates announced the NFT and Metaverse projects. These could be launched in the coming months.
How @Emirates is embracing Web3:
– Will launch NFT collectibles
– Will launch experiences in the Metaverse
– Will use #Bitcoin as a payment service
– Will use blockchain to keep aircraft records
— Blockworks (@Blockworks_) May 13, 2022
A Dubai school has started taking tuition fees in bitcoin and ether. This will be the first school to do so in the Middle East. Citizens School has taken this decision after the recent enactment of a law regulating virtual assets in Dubai. For this, a digital currency platform that processes cryptocurrency payments has been tied-up. UAE’s Prime Minister Sheikh Mohammed bin Rashid Al Maktoum enacted a law in March by signing a bill for virtual assets. Along with this, the Virtual Asset Regulatory Authority (VARA) was also created to control the crypto segment.
Last month, crypto payment app Strike partnered with e-commerce company Shopify and alternative payment provider Blackhawk Network to help merchants take payments in Bitcoin through the Lightning Network. It was announced by Strike CEO Jack Mallers during a Bitcoin conference in Miami, USA. Lightning Network Layer-2 is the payment and communication protocol that is built on the Bitcoin blockchain. This allows transactions to be processed off-chain. Strike has roped in point-of-sale (PoS) supplier NCR with it to ease the payment process.
Elora is PR and Outreach Manager at Crunchoid Inc. Outside of work, Elora enjoys Flywheel, tacos, the tennis, and adventuring around the globe.