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Airbnb IPO to Deploy Support for Crypto, Blockchain

Airbnb IPO to Deploy Support for Crypto, Blockchain
  • Airbnb plans to add crypto payment support as part of its customer-centric solutions.
  • The proposal summary to the US SEC is due to the recent (COVID-19) pandemic.
  • Airbnb hopes that embracing blockchain technology will widely expand its platform operations.

Online rental service giant Airbnb has filed an initial public offering (IPO) to the US Securities and Exchange Commission (SEC). Based on the proposal, Airbnb will add a crypto payment support a year forward.

In the document, Airbnb revealed that it is expanding its P2P rental services amid how distributed ledger and blockchain technology is massively driving the world. Meanwhile, a year back, Airbnb disclosed that the company would not offer support to a digital money payment. Nor will it accept Bitcoin as a payment method.

Despite Airbnb’s previously-rejected crypto payment filings, its new proposal document to the SEC illustrates that Airbnb is on a way to welcoming crypto companies to the digital currency world via its platform.

Airbnb hopes that artificial intelligence and blockchain technology will for sure direct the world’s business for customer-centric adoption and future development.

Airbnb particularly wrote in the document,

Our future success will also depend on our ability to adapt to emerging technologies such as tokenization, cryptocurrencies, new authentication technologies.

Airbnb continues to rebuild with significant innovations and resources enhancing its technological platform with development.  By and large, the Airbnb proposal summary came up as a result of the economic recession; brought by the recent COVID-19 crisis.

For this, Airbnb urges its platform and community members to watch out for the firm’s upcoming crypto support program.

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.