April 19, 2024

Airbnb allows the possibility of introducing cryptocurrency payments

Short-term home rental service Airbnb has filed a prospectus with the US Securities and Exchange Commission (SEC) forThe company allowed the possibility of adding cryptocurrency payments in the future.

"Future success will be our ability to adapt to evolving technologies such as tokenization, cryptocurrencies and new authentication technologies," writesShe is.

In the future, Airbnb mentions distributed blockchain registries along with biometrics, artificial intelligence, virtual and augmented reality as likely important areas of future development

“As a result, we intend to continue to allocatesubstantial resources to support and develop their technologies and platforms. However, these initiatives may be more costly than expected and may not be successful, ”adds Airbnb.

Airbnb previously said it had no plans to accept bitcoin on its service, although it acquired cryptocurrency donation startup ChangeTip in 2016.

Airbnb expects to list on the Nasdaq Global Select Market under the ticker symbol "ABNB." According to Reuters, the company plans to raise about $3 billion through the IPO at a valuation of more than $30 billion.

In the prospectus, the company writes that it was able to completewith a profit in the third quarter of 2020 despite coronavirus-related restrictions directly affecting its business. To do this, she had to cut costs and cut a quarter of its employees in the second quarter.

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