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AirBnB Might Be Considering Crypto, IPO Filing Shows

AirBnB is considering cryptocurrencies and tokenization features, according to an IPO filing submitted to the United States Securities Exchange Commission on Nov. 17.

  • The company said that its “future success will depend on our ability to adapt to emerging technologies such as tokenization, cryptocurrencies and new authentication technologies”
  • Blockchain technology and cryptocurrencies are one of the many technologies that the company mentioned as part of its bid to improve its service
  • The filing goes on to say that the company would pour resources into emerging technologies, though it could not guarantee successful implementation
  • AirBnB has some familiarity with the cryptocurrency market, having acquired the engineering team from crypto tipping service ChangeTip in 2016
  • The company plans to raise $3 billion in the IPO, with its 3rd quarter earnings surprisingly turning a profit during a pandemic-stricken year
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