- Emirates, one of the world’s largest airlines, plans to accept payment in bitcoin.
- Nomura, a Japanese bank of investment plans to offer Bitcoin derivatives.
- South Korea’s government intends to integrate crypto in its institutional system.
Emirates Airlines, the leading airline in the United Arab Emirates, has announced that it will adopt the payment method. At a press conference at Arabian Travel Market, Dubai, Adel Ahmed Al Redha, Emirates Chief Operating Officer, acknowledged the numerous uses of the metaverse.
The metaverse will allow you to turn your entire process – from training and sales, operation, operations, etc. – into an interactive metaverse application.
The announcement came a week after Dubai became the world’s first authority to establish a metaverse HQ of its Virtual Assets Regulatory Authority. UAE has made it clear that they are determined to lead the way in crypto and web3 adoption. It has long been open-minded to digital assets, and the technology behind them.
As a related matter, Nomura (a Japanese bank for investment) announced today it will be offering its clients Bitcoin over-the counter derivatives. The bank follows the lead of JP Morgan (NYSE:) as well as Bank of America (NYSE.). Both of these banks were pioneers in adopting crypto services within the banking sector.
The new South Korean government has reportedly decided to integrate cryptocurrency and Bitcoin in their institution system. The new government of South Korea plans to finish the regulatory framework for the digital asset market by the end of next year. They also plan to launch a CBDC in 2023 and have all this enforced by 2024.
Other countries that have legalized cryptos include the USA, Canada, Japan and Germany.