Bitcoin takes to the skies: Emirates to accept BTC payments. Metaverse & NFT plans ahead 

Key Takeaways:

  • UAE-based airline giant Emirates to accept Bitcoin (BTC) payments
  • The airlines also plans to launch a Metaverse and release an NFT collection
  • Meanwhile, Bitcoin (BTC) remains under $30K after the latest market crash
UAE-based airline giant Emirates to accept Bitcoin - BTC- payments. The airlines will also launch Metaverse and NFT collection.
UAE-based airline giant Emirates to accept Bitcoin (BTC) payments. Credit: adege via Pixabay

YEREVAN (CoinChapter.com) – Emirates, the largest airline in the United Arab Emirates (UAE), plans to accept Bitcoin (BTC) as a form of payment soon. According to the aviation giant, customers will be able to acquire tickets using the largest cryptocurrency in the world. In addition, the airlines also plan to release an NFT collection and a Metaverse soon. 

The move comes as part of its plans to adopt blockchain technology and engage with current customers while attracting new clientele. To make sure things go as per plan, Emirates will be onboarding new employees. 

In a media briefing at Arabian Travel Market, an international travel trade show for inbound and outbound tourism in the Middle East, Chief Operating Officer of Emirates Adel Ahmed Al-Redha made big announcements. According to Al-Redha, the new employees will help the airlines make a foray into the space by integrating crypto payments as well as launching its Metaverse and NFTs. 

Emirates also plans to use blockchain technology to trace aircraft records.

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Emirates Metaverse and NFT collection coming soon

According to the Chief Operating Officer of Emirates, venturing into the Metaverse and NFTs opens new opportunities for the airlines.

“With the metaverse, you will be able to transform your whole processes — whether it is in operation, training, sales on the website, or complete experience — into a metaverse type application, but more importantly making it interactive,

Al-Redha said. 

HH Sheikh Ahmed bin Saeed Al Maktoum, chairman, and chief executive, of Emirates Airline and Group, had announced NFT plans last Month. According to Saeed Al Maktou, the official website of the Emirates Pavilion at Dubai Expo 2020 will be repurposed to drive NFT innovation.

“We are excited about the opportunities in the digital space of the future and are committing a significant investment… to develop products and services using advanced technologies that will deliver on revenue, brand experience and business efficiencies.”

 HH Sheikh Ahmed bin Saeed Al Maktoum has said. 

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Bitcoin (BTC) is still under $30K

The announcement by Emirates comes as Bitcoin (BTC) continues to crash in an extended bear market. The largest cryptocurrency by market cap is down nearly 50% since the start of the year. At the time of writing, BTC exchanges hand at $29,508 per token. Despite making a slight recovery after crashing down to $26,000, the leading crypto remains under the $30,000 mark.

UAE-based airline giant Emirates to accept Bitcoin - BTC- payments. The airlines will also launch Metaverse and NFT collection.
The price of Bitcoin (BTC) remains under $30K. Credit: CoinMarketCap

With the crypto market in a meltdown, Emirates joins a list of airlines that accept Bitcoin (BTC) payments that include AirBaltic, LOT Polish Airlines, and Peach Aviation, among others. Australian flag carrier Qantas and the third-largest Spanish airline Air Europa have also joined the NFT fray. 

Moreover, Billionaire Richard Branson has announced that his spaceflight company Virgin Galactic will also accept payments in Bitcoin (BTC). However, despite the encouraging news, the market crash has done too much damage to allow traders to celebrate. 

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Bitcoin, Bitcoin takes to the skies: Emirates to accept BTC payments. Metaverse & NFT plans ahead 

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