The AirBNB CEO and co-founder Brian Chesky noted that the users of the platform heavily demanded to see crypto payment options in 2022 as we can see more today in our latest cryptocurrency news.
The AirBNB CEO asked his Twitter followers to share their ideas for new services of the platform for 2022. After going thorugh 4000 suggestions, he reported that the users were most interested in bringing crypto payment options on the platform. The suggestion was followed by clear-pricing displays and a guest loyalty program. According to Chesky, Airbnb is working on some of these products and will look into others as well.
Got 4,000 suggestions. Here are the top 6:
1 – Crypto payments (top suggestion)
2 – Clear pricing displays
3 – Guest loyalty program
4 – Updated cleaning fees
5 – More long-term stays & discounts
6 – Better customer service
Already working on most, will look into others now! https://t.co/rxEM4BXZci
— Brian Chesky (@bchesky) January 5, 2022
Reaching through on the possibility of adding support for crypto payments, the AirBNB chief detailed that this suggestion included a lot of token ideas. Chesky added that since 2013, Airbnb saw as much as $336 billion in payments volume but this is not the first time that Chesky spoke about crypto. In an interview in 2021, he said that clients have been asking the platform to add crypto payments for several years. At the time, Chesky also reminded that before founding coinbase, the biggest exchange in the US, the CEO Brian Armstrong worked for Airbnb and added that they are proud of Coinbase’s success.
AirBnb went public in December 2020 and mentioned cryptocurrencies and blockchain technology in its IPO prospectus. The document read:
“Our future success will also depend on our ability to adapt to emerging technologies such as tokenization, cryptocurrencies, new authentication technologies, such as biometrics, distributed ledger and blockchain technologies, artificial intelligence, virtual and augmented reality, and cloud technologies.”
The company conceded that the efforts could be more costly than expected and could not be successful. Airbnb also pointed to possible vulnerabilities and failures that can happen when implementing significant technical innovations which can result in losing business or harming the brand and reputation. If the company adds support for crypto payments, it will only be the latest in the line of companies that use the emerging industry. These include movie theater chain AMC and PayPal as well as payments processor Block previously known as Square.
As recently reported, Amazon explores crypto payments and it Is hiring a digital currency and blockchain product lead for the new blockchain roadmap. Amazon advertised for a blockchain-related position in the past but now it is officially hiring for a Digital Currency and Blockchain Product lead. Every once in a while, a job posting will kick off a flurry of rumors in the crypto space as the industry watchers wait to see a new corporation like Facebook or Apple and its readiness to adopt crypto payments.
Web3 Reimagined. Data Intelligence Amplified. Click here to access.