Crypto news

Crypto Takes Flight

BBG News

In the grand tapestry of human innovation, a new thread has been woven. Emirates, the esteemed airline, has joined hands with Crypto.com to bring forth a new era of payment options. The memorandum of understanding, a sacred pact between the two entities, has been signed in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, a luminary of great renown. 🙏

As the ink dries on this historic document, the wheels of progress begin to turn. Adnan Kazim, Emirates’ deputy president and chief commercial officer, and Mohammed Al Hakim, president of Crypto.com’s UAE operations, have set in motion a chain of events that will change the face of financial transactions forever. 💸

“This strategic move is in line with Dubai’s vision to be at the forefront of financial innovation,” Kazim proclaimed, his words dripping with the sweet nectar of progress. “We will provide our customers with greater flexibility and choice in how they transact with Emirates.” Ah, the sweet taste of freedom! 🕊️

But alas, dear reader, this is not the only trick up their sleeve. The two companies will collaborate on promotional campaigns to raise awareness and drive user adoption once the service goes live. The people will be educated, and the masses will be enlightened! 📚

The Dubai Dream

In the city of gold, where the sun dips into the horizon and paints the sky with hues of crimson and gold, a new era of innovation is unfolding. Dubai, the crown jewel of the UAE, is positioning itself as a leader in the world of cryptocurrency. The city’s regulatory clarity and pro-innovation environment have made it a haven for blockchain and digital asset projects. 🌟

The real estate industry, once a bastion of traditionalism, has opened its doors to the world of cryptocurrency. Tether, the venerable stablecoin, has partnered with Reelly Tech to expand its use in real estate transactions. The deal allows buyers to use USDt to purchase property through 30,000 Reelly Tech agents globally. The world is indeed a small place! 🌎

Last month, the Dubai Financial Services Authority (DIFC) approved Ripple‘s RLUSD stablecoin. DIFC companies can now use the RLUSD stablecoin for various virtual asset services. The floodgates of innovation have been opened, and the people are rejoicing! 🎉

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. The city is a magnet for innovation, and the world is taking notice! 🌟

The Real Estate Boom

Dubai’s real estate market has reached new heights, with sales totaling 66.8 billion dirhams (around $18.2 billion) across 18,700 transactions. The surge came amid an accelerating push into real estate tokenization. The people are buying, and the market is booming! 🚀

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. The Virtual Asset Regulatory Authority, Dubai’s crypto regulator, updated its guidelines to include provisions for real-world asset (RWA) tokenization. The rules give issuers and exchanges a clear path to launch and trade tokenized real estate assets. The future is indeed bright! 🌟

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2025-07-09 14:12

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