At the first glance, you can’t find many similarities between cryptocurrencies and Airbnb. But if you look closely, you can see that both of them changed the industries they belong to. While Airbnb opened up a new way of finding accommodation across the world, cryptocurrencies revolutionized the way we think about currency and payments.
Well, today, you don’t have to look so closely to find a connection between Airbnb and cryptocurrencies. It is because, unlike what some may tell you, there are some ways in which you can pay for your Airbnb space booking using Bitcoin and some other popular cryptocurrency tokens. Besides, some significant upgrades are coming through official channels as well.
In this article, we have covered everything you should know about Airbnb and cryptocurrency. We will be discussing payment options, workarounds, and the future of this duo. To make things easier for you, we will answer the common questions you may have.
Does Airbnb Support Cryptocurrency Payments?
At the time of writing this article, Airbnb has not announced support for cryptocurrency payments. Whereas the company accepts payments in terms of credit card, debit card, bank transfer, and even gift cards, Bitcoin and other cryptocurrency tokens are not accepted. However, this may change in the future.
Several reports have claimed that Airbnb has plans to bring support for cryptocurrency payments very soon. This information is based on the Initial Public Offering prospectus that Airbnb had submitted to the US SEC a couple of months back. In the document, Airbnb mentions that adapting to technologies like tokenization, cryptocurrencies, and new authentication options will be crucial in the future. However, the vacation rental marketplace also notes the potential risks of doing so.
Since this is an IPO prospectus, we still don’t know many things. For instance, it’s unclear when Airbnb would start accepting cryptocurrency payments natively. We also don’t know which platform would support cryptocurrency tokens. Nevertheless, we know that Airbnb cannot hold back for long. So, within 2021 or by 2022, you should see Bitcoin and cryptocurrency payments on Airbnb.
So, in the strict official terms, you can’t use crypto on Airbnb YET.
Can I Pay for Airbnb Bookings Using Cryptocurrency?
Officially, no. But there are some ways to use your cryptocurrency investments to book your next best Airbnb stay with ease. We will tell you how.
Continue reading in the NOWPayments blog!
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