Short-Term Residential Platform Airbnb sent an initial $ 1 billion IPO to the U.S. Securities and Exchange Commission on Nov. 16.
The 350-page document contains half a page about the risk of not adapting to changes in technology. The document provides a list of buzzwords that experienced investors may want to ensure is under consideration:
“Our future success will also depend on our ability to adapt to new technologies such as cryptography, cryptocurrencies and new authentication technologies such as biometrics, distributed ledger, blockchain technologies, artificial intelligence, virtual reality, augmented reality and cloud technologies.”
The following paragraph states that “the ability to integrate new or new payment methods” is a critical component of future success. However, the only methods included are Alipay, Paytm and WeChat Pay.
While these regulations are certainly important, especially when it comes to providing access to people without access to banking services, the question that arises is what Airbnb considers the role of cryptocurrency in its future business model, as well as attracting investors.
As Cointelegraph reported a year ago, Bitcoin (BTC) could have been used to book accommodation on Airbnb by purchasing $ 25 and $ 100 gift cards in the Fold app. However, Airbnb is no longer on the platform’s list of cards for sale.
Meanwhile, blockchain companies are actively using this technology to revive the travel industry, which has been hit hard by the coronavirus pandemic.
Applications have been launched to control passenger health and surface hygiene at New York Airport, and some contact tracking apps have used blockchain technology to preserve users’ privacy. Even applications for a US passport in California can now be paid in bitcoin.
It is still unclear whether Airbnb’s claims about the importance of embracing cryptocurrency and the blockchain will prove to be more than just words.