Crypto has been on the rise since its very inception. That’s the reason why big names such as Airbnb, are in a rush for accepting Cryptocurrency as a payment medium.
The CEO of Airbnb, Brian Chesky, accepted that he has been getting many requests for making crypto payments available for their hospitality services.
Well! That’s something bound to happen as Crypto is almost taking over other mediums. With a rising percentage of even 600% for some of the tokens, it’s shining bright in the eyes of investors and common folks. Which is not a small feat in terms of a risky market. It indicated that investors are hugely interested in Crypto and holding the same, which raises the need to spend it.
Along with this request, Airbnb will also work on some other suggestions. Some of them are as follows:
- Loyalty program
- Updated cleaning fees
- Transparent payment structure
- Long Term Discounts
- Better customer services
Out of 4000 suggestions from the customers, Airbnb have chosen to primarily focus on accepting Cryptocurrency payments. The reason being the high demand.
Not only AirBnb, but companies such as PayPal, AT&T, Starbucks, and Maybe Tesla (the reason that they are constantly swinging on their decision to accept or not) are also in the line of accepting Crypto payments.
What’s The Hinderance In Accepting Cryptocurrency as a Payment?
The top hospitality chain only allows users to pay with Visa, MasterCard, Apple Pay, Google Pay, and PayPal. But since, we’ve already mentioned that Paypal accepts Crypto, and if a user wants, they can use their Cryptocurrency indirectly, it is the only viable option to make a switch.
Usually, the only thing restricting to switch to this model is the interference from the government as they don’t want to shift control from their centralized hub, which is why in a county like India, you can see government making policies that are Anti-crypto.
But there’s no doubt that one can easily assume Crypto to be the currency of the future. As technology penetrates more into our daily lives, the demand for acceptance would be easily accommodated as well.
Wait! Here’s a piece of inside information that will surprise you. Brian Armstrong, CEO of Coinbase, is an ex-employee of Airbnb, and the rest you can figure out for yourself.
In its initiation of IPO, Airbnb stated that it would be switching to cutting-edge technologies to remain relevant in the rapidly changing world. With that said, the day is not far behind when we’ll see them making a head-on race to acquire a piece of recently popular Metaverse as well.