show
show
Witnessing the digital breakthrough

Airbnb Plans IPO And Cryptocurrency Integration

19 November 2020 16:30, UTC
Airbnb Plans IPO And Cryptocurrency Integration
By Anna Martynova

On Monday, November 16, online rental platform Airbnb filed for an IPO. Airbnb plans to list shares on the Nasdaq Global Select Market under the ticker ABNB. According to Reuters, the company plans to raise $3 bln. In its IPO filing with the US SEC, Airbnb talks about the use of technologies such as blockchain and cryptocurrency in the future.

The IPO prospectus also states that the company's success will depend on the company's ability to adapt to new technologies. In addition to distributed ledger and blockchain technology, Airbnb also cites other emerging technologies. This includes artificial intelligence, biometrics, cloud technologies, virtual and augmented reality.

One of the demands of the travel industry is the growing demand for cryptocurrency payment options. As far as the integration of cryptocurrencies is concerned, it would be surprising if in the future at least bitcoin was not among the payment options. Airbnb is planning a costly investment to expand and further develop the platform.

Image: Habr



Read the best crypto news analysis here! bitnewstoday.com Bitcoin, investments, regulation and other cryptocurrencies
Found a mistake? Select the text and press CTRL+ENTER
Leave a comment
Leave a comment
Report a mistake