Emirates Airline Set to Use Bitcoin as a Payment Service
On Jun 04, 2022
Emirates Airlines is set to become the first airline in the world to use bitcoin as a payment service. The company has announced that it will start accepting cryptocurrency as payment for tickets later this year. Customers will be able to pay for their tickets using bitcoin on the airline’s website and mobile app. In addition, Emirates plans to install bitcoin ATMs in its lounges at Dubai International Airport. The move is part of Emirates’ strategy to provide more choice and flexibility for customers when paying for their travel expenses.
In addition, the airline will add non-fungible token (NFT) collectibles on its webpage. Speaking at the Arabian News in Dubai last week, COO Adel Ahmed Al-Redha said that customers will be able to use bitcoin to purchase tickets and other services from the carrier. Al-Redha also hinted that Emirates may start accepting other cryptocurrencies in the future. The move by one of the world’s most popular airlines is likely to trigger a wave of similar announcements from other companies in the coming months.
Emirates will soon enable its customers to buy airline tickets with Bitcoin
Emirates Airlines is planning to expand its business by developing new applications for metaverse and the NFT collectibles. The company has stated that they will hire new staff members specifically for this purpose in order to better monitor customer needs and expectations by enabling them to buy airline tickets with Bitcoin and also other cryptocurrencies in the future. Emirates believes that this is a growing industry with great potential, and they are looking to capitalize on it as soon as possible. By expanding their reach into the metaverse and NFT collectables market, Emirates hopes to provide an even better experience for their customers.
Emirates Airlines is looking into the possibility of using blockchain technology to track aircraft records. Adel Ahmed Al-Redha stated that the company is exploring how blockchain could be used to manage passenger data and aircraft maintenance. He believes that blockchain has the potential to improve transparency and efficiency in the aviation industry. He also mentioned that Emirates is not the only airline exploring this technology and that there is a lot of interest in it from various companies. Blockchain has been gaining traction in recent years due to its ability to securely store data and its transparency features. Many believe that it could revolutionize many industries including aviation.
Chairman and Chief Executive, Emirates Airline and Group, Sheikh Ahmed bin Saeed Al Maktoum, said,
“Dubai and the UAE are blazing the way in the digital economy, having a clear vision supported by practical policies and regulatory frameworks in areas such as virtual assets, artificial intelligence, and data protection.”
Emirates Airlines is also planning on adopting blockchain solutions in order to improve aircraft maintenance. The airline has signed a partnership agreement with IBM and intends to use blockchain technology in order to create an efficient system that will help with the tracing of records for each aircraft. By using blockchain technology, Emirates hopes to reduce the time it takes to complete aircraft maintenance significantly. Additionally, this will help ensure that all data is securely stored and tamper-proof.