Tech, Travel

Airbnb joining the trend of accepting Crypto payments

Add it to the list.

words by: Sahar Khraibani
Feb 10, 2022

This year, Airbnb, the popular accommodation booking company, may start taking cryptocurrency payments.

 

On Twitter, Airbnb CEO, Brian Chesky, presented a list of consumer wants, with enabling crypto payments coming in first. Chesky stated in a blog post that his organization is already working on most of the suggestions, vowing to investigate others.

 

 

Transparent pricing displays, a visitor loyalty program, updated cleaning charges, and better customer service were among the other recommendations. According to the Airbnb CEO, he also received a handful of token suggestions. However, he said that the company’s payment options will not be restricted to just one or two cryptocurrencies.

 

Pro crypto

A number of consumer brands have recently begun accepting crypto payments for certain goods and services. The majority of these pro-crypto brands are headquartered in the United States.

 

In a Twitter conversation, Chesky stated that if Airbnb does start accepting crypto payments, the firm will be open to a variety of token concepts. The comments page was ablaze with suggestions that Airbnb should start accepting Bitcoin, Shiba Inu, and Ethereum.

 

This isn’t the first time Chesky has realized that Airbnb consumers are yearning for a cryptocurrency payment option. People have been begging for crypto payments on the site for years.

 

In an interview with The Verge from November 2021, Chesky shared:

 

“We are definitely looking into it. Absolutely. Like the revolution in travel, there is clearly a revolution happening in crypto. Airbnb and crypto both have interesting relationships with trust. The original white paper on Bitcoin said that Bitcoin does not require trust because there is essentially a public ledger. Airbnb approached trust in a kind of similar way: we redesigned a system of trust where the reviews are the equivalent of a public trust ledger, essentially. The founder of Coinbase was an early employee of ours.

 

“We have been following the space for quite a long time. With lots of technologies, there’s a hysteria around it. The key is when regular people understand how the new technology improved their lives, beyond the initial excitement. I’m really excited about certain applications that regular people could use to live a better daily life.”

 

Airbnb would not be the first service to accept cryptocurrency as a valid payment option. AMC Theatres, a chain of movie theaters in the United States, has implemented support for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash payments. The company will also start accepting Shiba Inu tokens as payment for reservations.

 

Haters

On the other hand, the majority of brands around the world are wary about accepting cryptocurrency payments.

 

Several countries throughout the world are considering how to regulate the crypto sector, worried that crypto assets will be used to facilitate illegal activities. Only El Salvador, a Central American country, has recognized Bitcoin as legal so far.

 

Further reading: Airbnb’s Project Lighthouse fights app’s racial profiling.

 

Photo via Nowpayments