The Emirates Airline from Dubai examines cryptocurrency payments in cooperation with Crypto.com
The airline Airates Airline based in Dubai has announced plans to introduce cryptocurrency payments for their customers, as part of a preliminary agreement with the digital asset exchange crypto.com, the companies announced on Wednesday.
The parties signed a Declaration of intent (MoU) To explore the integration of Crypto.com Pay into the payment systems from Emirates, with plans, to introduce the function of the next year. If this is completed, Emirates would be one of the first major global airlines that supports crypto as a payment option.
The deputy president and Chief Commercial Officer from Emirates, Adnan Kazim, said that this step was part of a more comprehensive strategy to “cope with the changing customer preferences” and “to address younger, technology -savvy customer segments that prefer digital currencies for payments”.
Crypto.com, a crypto exchange based in Singapore with over 80 million users worldwide, operates your payment service Crypto.com Pay in selected markets. The service enables customers to buy purchases with popular cryptocurrencies such as Bitcoin
Ethereum's ether and cronos' Cro – the blockchain that is closely connected to Crypto.com.
The announcement of the Emirates is against the background of Dubai's efforts to position itself as a global crypto center, which is supported by a regulatory framework that is attractive for companies in the field of digital assets. For example, Dubai has at the beginning of this year agreed to enable cryptocurrency payments for government services in an agreement with Crypto.com.
