BREAKING: Airbnb Plans to Consider Cryptocurrencies and Blockchain Technology

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BREAKING: Airbnb Plans to Consider Cryptocurrencies and Blockchain Technology

According to the prospectus filed with the U.S. Securities and Exchange Commission (SEC) for its Initial Public Offering (IPO), Airbnb showed interest in the adoption of emerging technologies including tokenization, cryptocurrencies, and other applications of blockchain technology.

The official filing states that the home-rental platform is open to considering technologies like distributed ledger, artificial intelligence, augmented reality, and cloud technologies for the future.

In the past, Airbnb said that the company has no plans to consider bitcoin or any cryptocurrency as a mode of payment.

Airbnb mentioned in the filing that the platform has been hit hard by the coronavirus pandemic as the company reported a sharp drop in revenue.

The company managed to sell around $17.9 billion in gross bookings this year, a 39% drop compared to the same period in 2019.

Read more from the original article:

https://www.financemagnates.co...

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