💥Breaking News💥
🇦🇪 Emirates signs deal with Crypto․com for payments integration.
- The deal between Emirates and Crypto.com marks a significant step in cryptocurrency adoption, as it allows payments for flights to 158 destinations using Bitcoin, aligning with a 2023 study from the University of Cambridge showing 18.5% of global crypto users already use it for travel-related transactions.
- This partnership challenges traditional financial systems by integrating decentralized currencies into a major airline, reflecting a broader trend where countries like the UAE are positioning themselves as crypto hubs, with Dubai’s Virtual Assets Regulatory Authority approving over 200 crypto firms since 2022.
- The timing coincides with global economic shifts, including U.S. tariffs on multiple countries and a rising U.S. national debt (now over $35 trillion), potentially pushing businesses toward alternative payment systems like crypto to hedge against currency volatility.