Hassan Maishera
TL;DR
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Emirates Airline has signed an MoU with cryptocurrency exchange Crypto.com to start accepting crypto payments.
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The two entities will work together to launch promotional campaigns to boost adoption.
Emirates to Accept Crypto Payments
Major international airline Emirates has signed a memorandum of understanding (MoU) with cryptocurrency exchange Crypto.com to enable crypto payments. Emirates Airline will integrate Crypto.com Pay into the airline’s payment infrastructure, with implementation expected next year.
While announcing this in a blog post, Emirates said this MoU was signed in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline & Group and Michael Doersam, Emirates’ Chief Financial & Group Services Officer, by Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer, and Mohammed Al Hakim, President of Crypto.com’s UAE operations.
Kazim commented that,
“This strategic move is in line with Dubai’s vision to be at the forefront of financial innovation while at the same time providing our customers with greater flexibility and choice in how they transact with Emirates.”
Eric Anziani, President and COO, Crypto.com added that,
“We’re delighted to complete the signing of this important MoU with Emirates Airline. As we continue to expand the everyday use case for crypto, integration with exceptional partners such as Emirates will bring real momentum to the digital asset industry and enable both companies to offer genuine innovative finance solutions for our customers. We look forward to working together as we continue to build our crypto offering in the GCC.”
In addition to the integration, the two entities will partner on promotional campaigns to raise awareness and drive user adoption once the service goes live.
This latest development comes as Dubai pushes to become a leader in the crypto ecosystem. The city seeks to establish itself as a primary hub for blockchain and digital asset projects.
The UAE is becoming a hub for cryptocurrencies thanks to regulatory clarity and a pro-innovation environment. This latest development comes after Tether partnered with UAE-based Reelly Tech earlier this year. Reelly Tech will leverage the USDT stablecoin in real estate transactions. The deal allows buyers to use USDT to purchase property through 30,000 Reelly Tech agents globally.
