Appear bulletin Airbnb’s initial public offering – filed with the US Securities and Exchange Commission (SEC) – highlights Airbnb’s interest in emerging technologies including cryptocurrencies and blockchain technology.

The official filing of the prospectus indicates that the “Airbnb” platform that provides home rental services in a participatory manner, has the possibility to consider modern technologies such as blockchain technology, artificial intelligence, augmented reality and cloud storage technologies in the future.

It is worth noting that Airbnb has previously announced that it has skipped the consideration of encrypted digital currencies, especially bitcoin or any other cryptocurrency, and the possibility of adopting it as a means of payment.

From what was stated in the prospectus filed by “Airbnb” with the Securities and Exchange Commission, the following:

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Future success will… depend on our ability to adapt to emerging technologies such as encryption, cryptocurrencies, and new authentication technologies.

We intend to continue to spend significant resources on maintaining, developing and enhancing our technology and platform.

However, these efforts may be more costly than expected and may not succeed.

Airbnb also mentioned in its post that the platform was hit hard by the coronavirus pandemic, as the company reported a sharp drop in revenue.

The company managed to sell about $17.9 billion in total bookings this year, down 39% compared to the same period in 2019.

Airbnb said in a statement:

In early 2020, with the spread of the Coronavirus and travel halted around the world, Airbnb’s business declined significantly, but within a couple of months, our business model began to rebound even with limited international travel, demonstrating the resilience of what we offer.

In recent months, many companies have started accepting cryptocurrencies.

What contributed to the wider adoption of cryptocurrencies is the spread of the Corona virus.

Several weeks ago, PayPal announced its support for cryptocurrency and offering it within its services.

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Although Airbnb has been critical of cryptocurrency in recent years, its latest move suggests that the property rental platform may have changed its stance on cryptocurrency.

In the past years, many decentralized projects have tried to compete with Airbnb, but they have not had any success.

If Airbnb announces the acceptance of cryptocurrencies on its platform, it will make a lot of noise in the crypto market.

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