Latest news with #Crypto.comPay
Gulf Insider
2 days ago
- Business
- Gulf Insider
Dubai's Emirates Airline To Enable Crypto Payments
Dubai's international airline Emirates signed a memorandum of understanding (MoU) with to integrate Pay into the airline's payment infrastructure, with implementation expected next year. The signing ceremony took place in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates Airline & Group, the airline announced on Wednesday. The MoU was signed by Adnan Kazim, Emirates' deputy president and chief commercial officer, and Mohammed Al Hakim, president of UAE operations. '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,' Kazim said. Beyond payment integration, the two companies will collaborate on promotional campaigns to raise awareness and drive user adoption once the service goes live. A spokesperson confirmed to Cointelegraph that the integration is set for the last quarter of the year. 'The initial phase will focus on technical readiness, compliance alignment, and customer experience mapping,' the spokesperson said. Furthermore, Emirates and will determine whether the rollout will begin on select routes, regional markets, or through a global launch, with pilot phases likely to precede wider implementation. The spokesperson also confirmed that crypto payments from customers will be converted instantly to fiat (AED) using real-time exchange rates at the point of transaction. 'Emirates will not hold any cryptocurrency on its books; settlements will occur in AED, ensuring compliance and minimal FX exposure,' they said. also said it continues to explore regional and international airline integrations as part of a broader travel and commerce strategy. 'The goal is to build a universal crypto travel layer bringing seamless, secure, and compliant payment experiences to travelers across air, retail and hospitality sectors.' The integration comes amid Dubai's push to lead in crypto, as the city seeks to establish itself as a primary hub for blockchain and digital asset projects. Backed by regulatory clarity and a pro-innovation environment, several industries in the emirate, from real estate to telecommunications, have already opened their doors to cryptocurrency payments. Earlier this year, Tether partnered with UAE-based Reelly Tech to expand the use of its USDt stablecoin in real estate transactions. The deal allows buyers to use USDt to purchase property through 30,000 Reelly Tech agents globally. Last month, the Dubai Financial Services Authority (DFSA), the financial regulator in charge of the Dubai International Financial Centre (DIFC), approved Ripple's RLUSD stablecoin. DIFC companies can now use the RLUSD stablecoin for various virtual asset services. The Dubai Multi Commodities Centre free zone has attracted over 600 crypto companies, with more firms flocking to the Dubai International Financial Centre and One Central district as the country positions itself as a leader in digital finance. Dubai's real estate market reached new highs in May, with sales totaling 66.8 billion dirhams (around $18.2 billion) across 18,700 transactions, a 44% increase in value year-on-year. The surge came amid an accelerating push into real estate tokenization. In May alone, multiple initiatives, including a $3 billion RWA deal involving MultiBank Group, real estate giant MAG and blockchain infrastructure provider Mavryk, were launched by government and industry players. On May 19, the Virtual Asset Regulatory Authority, Dubai's crypto regulator, updated its guidelines to include provisions for real-world asset (RWA) tokenization. Lawyer Irina Heaver told Cointelegraph these rules give issuers and exchanges a clear path to launch and trade tokenized real estate assets.
Fintech News ME
4 days ago
- Business
- Fintech News ME
Emirates to Explore Crypto Payments Through New Deal with Crypto.com
Emirates has signed a MoU with to explore the potential integration of Pay into the airline's payment systems. The integration, which prioritises security and regulatory compliance, is expected to be implemented next year. Adnan Kazim, Emirates' Deputy President and Chief Commercial Officer, commented: 'Partnering with to integrate cryptocurrency into our digital payments system reflects Emirates' commitment to meeting evolving customer preferences, in addition to tapping into younger, tech-savvy customer segments who prefer digital currencies.' Eric Anziani, President and Chief Operating Officer of said: '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 exploring payment integration, Emirates and will consider joint promotional campaigns to raise awareness and encourage adoption of the new payment option. The move aligns with broader developments in Dubai, which is working to position itself as a global centre for cryptocurrency activity. This is supported by a developing ecosystem and regulatory framework aimed at encouraging innovation while safeguarding investor interests and financial stability. A number of companies in Dubai, including real estate developers and telecom providers, already accept cryptocurrency for transactions.
Tourism Breaking News
5 days ago
- Business
- Tourism Breaking News
Emirates signs MoU with Crypto.com for future integration of Crypto.com Pay as a payment option for customers
Post Views: 41 Emirates has signed a Memorandum of Understanding (MoU) with to explore ways to integrate Pay within its payments systems, while maintaining the highest security and compliance standards. Integration is expected to take effect next year. The 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 UAE operations. Adnan Kazim said: 'Partnering with to integrate cryptocurrency into our digital payments system reflects Emirates' commitment to meeting evolving customer preferences, in addition to tapping into younger, tech-savvy customer segments who prefer digital currencies. 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.' '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', said Eric Anziani, President and COO, In addition to exploring Pay integration, Emirates and will explore leveraging promotional marketing campaigns to create awareness and encourage adoption of this new payment solution. The airline's latest partnership comes as Dubai positions itself as a global cryptocurrency hub, supported by a robust ecosystem and a sophisticated regulatory framework designed to foster innovation while ensuring investor protection and financial stability. A number of Dubai companies are already accepting cryptocurrency as a form of purchase from real estate developers to major telecoms.
Yahoo
6 days ago
- Business
- Yahoo
Dubai's Emirates Airline Explores Cryptocurrency Payments With Crypto.com Partnership
Dubai-based Emirates Airline unveiled plans to introduce cryptocurrency payments for its customers as part of a preliminary deal with digital asset exchange the companies said Wednesday. The parties signed a Memorandum of Understanding (MoU) to explore integrating Pay into Emirates' payment systems, with plans to roll out the feature sometime next year. If completed, it would make Emirates one of the first major global carriers to support crypto as a payment option. Emirates Deputy President and CCO Adnan Kazim said the move is part of a broader strategy to "meet evolving customer preferences" and "tapping into younger, tech-savvy customer segments who prefer digital currencies" for payments. a Singapore-based crypto exchange with over 80 million users globally, operates its payments service Pay in select markets. The service allows customers to make purchases using popular cryptocurrencies like bitcoin (BTC), Ethereum's ether (ETH) and Cronos' CRO—the blockchain closely associated with Emirates' announcement comes amid Dubai's ambition to position itself as a global crypto hub underpinned by a regulatory framework attractive to digital asset companies. For example, Dubai earlier this year agreed to allow cryptocurrency payments for government services in a deal with 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Dubai Eye
6 days ago
- Business
- Dubai Eye
Emirates and Dubai Duty Free explore cryptocurrency payment option
In a major step toward digital innovation, Emirates Airline and Dubai Duty Free have signed separate Memorandums of Understanding (MoUs) with global cryptocurrency platform aiming to explore the integration of crypto payments into their systems. The agreements underscore Dubai's growing role as a global hub for financial innovation and digital assets. They were signed in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman & Chief Executive of Emirates Airline & Group, and Chairman of Dubai Duty Free. Emirates plans to integrate Pay into its payment systems by next year, offering customers more flexibility and aligning with the preferences of younger, tech-savvy travellers. Adnan Kazim, Emirates' Deputy President and Chief Commercial Officer, said the move reflects the airline's commitment to evolving customer needs and supports Dubai's vision of becoming a leader in financial innovation. Dubai Duty Free, meanwhile, is exploring crypto payment options both in-store and online. Managing Director Ramesh Cidambi highlighted the initiative as a forward-looking step to enhance convenience and choice for millions of global travellers. The partnership also includes plans for joint marketing campaigns and customer engagement programmes. President and COO, Eric Anziani, welcomed both agreements, calling them milestones in expanding real-world use cases for digital currencies in the region. The company's UAE President, Mohammed Al Hakim, and Middle East President, Alain Yacine, emphasized the strategic importance of these partnerships in building a robust crypto ecosystem in the GCC. These developments come as Dubai continues to position itself at the forefront of digital transformation, supported by a strong regulatory framework and a growing number of businesses embracing cryptocurrency. In the presence of Ahmed bin Saeed, Emirates signs a MoU with to explore ways to integrate Pay within its payments systems, while maintaining the highest security and compliance standards. Integration is expected to take effect next… — Dubai Media Office (@DXBMediaOffice) July 9, 2025 In the presence of Ahmed bin Saeed, Dubai Duty Free signs a MoU with to explore enabling crypto payment and developing collaborative initiatives. — Dubai Media Office (@DXBMediaOffice) July 9, 2025
