Brian Chesky, CEO of Airbnb Inc (NASDAQ:ABNB), gave his Twitter followers a reason to believe the company could soon accept payment in cryptocurrency.
What Happened: After a Jan. 3 Twitter poll where Chesky asked what features Airbnb should roll out in 2022, the CEO said the top suggestion was crypto payments.
Got 4,000 suggestions. Here are the top 6:
— Brian Chesky (@bchesky) January 5, 2022
1 - Crypto payments (top suggestion)
2 - Clear pricing displays
3 - Guest loyalty program
4 - Updated cleaning fees
5 - More long-term stays & discounts
6 - Better customer service
Already working on most, will look into others now! https://t.co/rxEM4BXZci
Chesky said the platform was “already working on most” of the suggestions and would be looking into the others soon.
“Crypto payments is inclusive of a variety of token ideas,” added Chesky in a follow-up tweet, implying crypto payments might not be limited to the top two cryptocurrencies Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: BTC).
According to Chesky, Airbnb’s existing payments volume stands at around $336 billion that has been processed since 2013.
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Why It Matters: Over the course of the last two years, a number of companies have moved to make cryptocurrency a payment option on the back of demand from users.
Included in this list are electric vehicle manufacturer Tesla Inc (NASDAQ:TSLA) that said it would begin testing Dogecoin (CRYPTO: DOGE) as a payment method for merchandise, and theatre chain AMC Entertainment Holdings Inc (NYSE:AMC) that plans to accept Shiba Inu (CRYPTO: SHIB) in addition to BTC, ETH, and DOGE.
Price Action: Airbnb shares traded down about 1% early Thursday morning.
Meanwhile, the crypto market fell 10% in the last 24 hours to $2.02 trillion. Bitcoin, Ethereum, and Dogecoin fell by 7%, 10%, and 6%, respectively, over the last day.
