‘Metaverse Makes Operations Interactive,’ Says Emirates COO

  • Emirates, one of the world’s largest airlines, plans to accept in .
  • The Japanese investment bank, Nomura plans to offer bitcoin derivatives.
  • The South Korean plans to implement crypto into its institutional system.

As United Arab Emirates (UAE) leading carrier, Emirates airlines, plans to adopt Bitcoin as a payment option for customers, Emirates Chief Operating Officer Adel Ahmed Al Redha acknowledged the many use cases of the metaverse at a media gathering at Arabian Market in Dubai.

With the metaverse, you will be able to transform your whole processes- whether it is in operation, training, sales on the website, or complete experience- into a metaverse type application, but more importantly making it interactive.

The announcement came a week after Dubai became the world’s to establish a metaverse HQ of its Virtual Assets Regulatory Authority. It is that UAE is aspiring to stand at the forefront of crypto and adoption. The country has always been very welcoming to digital assets and their underlying technology.

In related news, Nomura, a Japanese investment bank, announced today that it will offer Bitcoin over-the-counter derivatives to its clients. It follows the steps of its Western counterparts, Bank of and JP Morgan, which both pioneered the adoption of crypto in the banking sector.

Meanwhile, the new government of South Korea is reportedly set to implement Bitcoin and into their institutional system. They have planned to finalize the regulatory framework over the local ecosystem by next year, launch a by 2023, and enforce all of this by 2024.

The other countries to legalize the use of cryptos are the US, Russia, Canada, Japan, Germany, France, Belarus, Malta, Holland, Singapore, Vietnam, Thailand, and India.

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