Airbnb users want to pay for bookings with cryptocurrency

Airbnb users want to pay for bookings with cryptocurrency

Looks like Airbnb users will soon be able to pay for booking using crypto.

Brian Chesky, the CEO of Airbnb, revealed on Wednesday that crypto payments was the top feature users were requesting from the home rental platform in 2022. 

On January 2, Chesky tweeted to his over 400k followers asking ‘If Airbnb could launch anything in 2022, what would it be?’

Two days later, he posted a list of the top six suggestions out of nearly 4,000 replys. Topping the list was ‘Crypto payments’. 

Other requested features that the CEO took note of included clear pricing displays, a guest loyalty program, updated cleaning fees, more long-term stays and discounts and better customer service.

‘Like the revolution in travel, there is clearly a revolution happening in crypto,’ he added.

One of the users who asked for crypto payments said that crypto made it easier for him to pay in countries like Argentina that block international payments. Chesky replied to the tweet saying, ‘We are looking into this.’

This isn’t a new request from Airbnb users. In September 2021, Chesky told Fox Business that crypto payments have been a constant request. He also pointed to his connection with Coinbase CEO Brian Armstrong who used to be a product technical manager for Airbnb. Armstrong is now the head of the largest crypto exchange in the US.

In December 2020, Airbnb went public in what was one of the biggest IPOs of the year in the US and raised $3.5bn (£2.6bn) for the firm.

Airbnb in its prospectus had mentioned crypto as one of the critical components in its success, on top of new authentication technologies, such as biometrics, distributed ledger and blockchain technologies, artificial intelligence, virtual and augmented reality, and cloud technologies.

Airbnb has seen payments worth $336 billion (£248 billion) since 2013 and currently accepts Visa, MasterCard, Apple Pay, Google Pay, and PayPal as payment methods. 

If Airbnb incorporates the popular suggestion, it will join the ranks of Tesla and AMC, among others, in accepting crypto as payment. 

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