Airbnb Does Not Rule Out Blockchain and Cryptocurrency Support

The online platform for short-term housing rentals Airbnb has indicated that, in the future, it may consider adding cryptocurrency payments. This is stated in the prospectus for the company’s planned IPO.

The document has been filed with the U.S. Securities and Exchange Commission. It states that the company’s future success will depend on its ability to adapt to new technologies, including cryptocurrencies and tokenisation.

Airbnb does not rule out that blockchain, artificial intelligence and augmented reality may become key avenues of development. The company intends to devote substantial resources to supporting its own technologies and platform.

“However, these initiatives may prove more costly than expected and may not be successful,” the document says.

In 2016, Airbnb co-founder Nathan Blecharczyk said that the service was considering using blockchain to improve security in deals.

Subsequently, the company brought in experts from the ChangeCoin project, known for its micropayment service ChangeTip.

In terms of scale, financial institutions stand out in blockchain adoption. As noted, the compound annual growth rate of the index of their interaction with the technology from 2014 to 2019 stood at 168%.

Follow ForkLog’s updates on Facebook!