Emirates to Accept Crypto Payments Via New Deal with Crypto.com

Emirates, the largest airline in the Middle East, is preparing to introduce cryptocurrency as a payment option for its customers. The airline’s parent company announced that it has signed a preliminary agreement with Crypto.com, a global digital currency trading platform. The deal is expected to take effect in 2026 and is part of the airline’s larger plan to adopt new technologies and offer more flexible payment choices. Emirates Embraces Crypto to Attract Next-Gen Travelers This new partnership with Crypto will allow Emirates passengers to pay for tickets and other services through the exchange’s payment system. By introducing crypto payments, Emirates aims to cater to a new generation of travelers accustomed to using digital currencies. These include young adults, remote workers, and tech-savvy customers who prefer fast and secure transactions without relying on traditional banks. The airline believes that this change will improve the overall travel experience. At the same time, attract more users who are already active in the digital economy. This move is also in line with a broader trend in the airline industry. Around the world, more airlines are starting to accept cryptocurrency to stay trendy and meet the changing needs of their customers. The UAE Is Becoming a Global Hub for Crypto Emirates’ decision comes at a time when the United Arab Emirates (UAE) is strengthening its role in the global digital asset market. The country has created a welcoming environment for crypto businesses , especially in Dubai. The government has introduced clear rules and systems to support the virtual asset industry. In 2022, Dubai launched the Virtual Asset Regulatory Authority, also known as VARA. This regulatory body is responsible for overseeing the cryptocurrency sector and ensuring that companies follow proper regulations. As a result, more than 650 crypto companies are now based in one of Dubai’s main business zones, the Dubai Multi Commodities Centre (DMCC). These firms operate in various areas, including real estate, school payments, and transportation services. Most recently, Dubai’s Financial Services Authority (DFSA) approved QCDT, the first tokenized money market fund in the region. This move aims to strengthen the city’s role as a leader in digital finance and Web3 innovation. More Airlines Across the Region Are Adopting Crypto Emirates is not alone in its move toward digital currencies. In May, another airline in the region, Air Arabia, announced that it would start accepting cryptocurrency payments through a local digital currency. This coin, known as AE Coin, is backed by the UAE dirham and can be used to book flights. This shows that the use of digital currencies is becoming more common in the travel and airline industries. Airlines are seeing the benefits of offering their customers more modern, fast, and flexible payment options. As more people become familiar with cryptocurrency, an increasing number of airlines will likely follow this path. The post Emirates to Accept Crypto Payments Via New Deal with Crypto.com appeared first on TheCoinrise.com .

Source: The Coin Rise