Bitcoin “takes off”: Emirates airline accepts BTC payments and prepares to issue NFT

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2022-05-16 02:17:36

As confirmed by CEO Adel Ahmed Al-Redha, Emirates is understanding and embracing the metaverse and NFT as an important stepping stone in its strategy to expand its reach in the near future.

Bitcoin “takes off”: Emirates accepts BTC payments & prepares to issue NFT

Emirates, the largest airline in the United Arab Emirates (UAE), has just announced that it is planning to launch Bitcoin payments (BTC) and launch and open NFT trading on company websites.

Accordingly, this Dubai-based airline will recruit more new employees, these will be the “core” people who help develop applications for cryptocurrency payment, blockchain tracking, metaverse and NFT.

In addition, Emirates is considering using blockchain in flight record keeping. They will bring the metaverse to transform operations, training, sales, and other related experiences.

Speaking about the health of the industry, Al-Redha said that aviation is recovering strongly after the Covid-19 pandemic. Excited, however, he also warned that the global shortage of human resources in the coming time would be a big challenge and emphasized that his organization has the advantage of being a leader compared to other countries. other.

Airlines across the globe have begun looking to integrate blockchain and cryptocurrency payment systems. In February 2021, Air France collaborated with several other organizations to create a blockchain system that helps Verify Covid-19 test results.

By March 2021, Latvian airline airBaltic announced more Dogecoin (DOGE) and Ether (ETH) to the payment options. This company has pioneered accepting BTC since 2014 and allows the use of other currencies such as USD Coin (USDC), Binance USD (BUSD) and Gemini Dollar (GUSD).

October 2021 marks the event that Volaris El Salvador airline accepts BTC payment after this country “green light” for the whole world. Recently, President Nayib Bukele “revealed” the first simulated images of Bitcoin City.

As reported by CHK, the UAE stands on the same side as the US as it “clears the way” of legislation and offers a flexible regulatory framework for cryptocurrencies and crypto companies. The Securities and Exchange Commission is about to issue a common set of rules on cryptocurrencies, which financial regions can customize and issue regulations according to actual conditions.

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