Emirati Airlines Adopt Cryptocurrency Payments for Ticket Purchases
According to reports from Chaincatcher and Cointelegraph
Several leading airlines in the United Arab Emirates, including Emirates and Air Arabia, have announced their support for cryptocurrency payment options for purchasing flight tickets. This collaboration comes in partnership with specialized platforms such as "Com Crypto" to facilitate digital financial transactions.
Details of the new service:
Supported currencies: Include Bitcoin, Ethereum, and stablecoins
Booking channels: Available through travel platforms compatible with cryptocurrencies like "Travala"
Payment options: Allow travelers to pay directly from their digital wallets or purchase supported gift cards
Regulatory support and market direction:
The Dubai Virtual Assets Regulatory Authority (VARA) stands behind this trend, providing a clear regulatory framework for digital payment operations. The sector has seen significant growth of 46% in flight ticket bookings paid with cryptocurrencies between 2023 and 2024, with increasing interest in stablecoins due to their stable market value.
This development comes as part of the UAE's efforts to enhance the adoption of modern financial technologies and lead the digital transformation in the air transport sector.