Emirates, the UAE’s largest airline, has announced intentions to accept Bitcoin (BTC) payments and develop nonfungible tokens (NFTs) that may be traded on the company’s websites.
The chief operating officer of Emirates, Adel Ahmed Al-Redha, reportedly indicated at the Arabian Travel Market that the Dubai-based airline will be onboarding new personnel who will be focusing on blockchain-related initiatives such as crypto payments, blockchain monitoring, metaverse, and NFTs.
According to Al-Redha, the airline is investigating the use of blockchain to maintain track of planes. The airline CEO also mentioned that the metaverse may be used to digitalize procedures including operations, training, website sales, and other airline-related events. This, according to the airline’s COO, will make processes “more engaging.”
Apart from that, Al-Redha stated that the aviation business is gradually reviving as more and more travellers arrive. To broaden its appeal, the company is adopting new technologies like a Bitcoin payment service and tradeable NFT collectibles.
Besides the Emirates initiative, international airports and airlines are looking into integrating blockchain-based technologies
Airports and airlines all across the world are looking into integrating blockchain-based technologies and cryptocurrency payments. Air France teamed with a number of firms in February 2021 to develop a blockchain-based mechanism for verifying COVID-19 test results.
Dogecoin (DOGE) and Ether (ETH) were added to the Latvian airline airBaltic’s payment choices in March 2021. BTC has been accepted by the airline since 2014, and other currencies such as USD Coin (USDC), Binance USD (BUSD), and Gemini Dollar are also accepted (GUSD).
President Nayib Bukele of El Salvador declared in October 2021 that the airline Volaris El Salvador would accept Bitcoin payments. El Salvador had previously pushed for BTC acceptance by declaring the cryptocurrency legal cash.