Emirates, the flag carrier of the United Arab Emirates (UAE), has announced its plans to integrate cryptocurrencies such as Bitcoin, metaverse and non-fungible tokens (NFT), during transactions. They also plan to adopt blockchain solutions to track aircraft records.
Here are more details on Emirates plans
New staff to be hired to manage cryptocurrencies, metaverse
Speaking at a media meeting at Dubai’s Arabian Travel Market, Emirates Chief Operating Officer (COO) Adel Ahmed Al-Redha said the airline will be adding NFTs to the airline’s websites for trading purposes. Emirates also plans to use Bitcoin as a payment service.
“NFTs and the metaverse are two different applications and approaches,” Al-Redha said from Arab News. He said the metaverse will help transform the entire process, including areas like operations and training, into an app by making it more interactive.
According to the report, the COO also said that new workforce will be added to existing staff as part of the strategy. The new hires are expected to manage Emirates’ foray into the metaverse and NFTs.
Emirates reported “metaverse intent” in April
Al-Redha’s comments follow the company’s April announcement about the launch of NFT and its entry into the metaverse.
At the time, Dubai-based Emirates said “the first projects are already underway” without providing a specific launch date. The company also said the Emirates Pavilion at Expo 2020 Dubai “will be repurposed into a centre for innovation, including the development of the airline’s NFT and metaverse projects.”
Commenting on the development, Sheikh Ahmed bin Saeed Al Maktoum, President and CEO of Emirates Airlines and Group, said: “Dubai and the UAE are leading the way for the digital economy, with a clear vision supported by practical policies and frameworks. regulations in areas such as virtual resources, artificial intelligence and data protection “.
The latest Arab News report does not specify when exactly Emirates plans to launch its service.
