Rental giant Airbnb is highlighting cryptocurrency and blockchain as two emerging technologies that could be crucial to the company’s success in the future.
In a prospectus filed with the US Securities and Exchange Commission (SEC) for its proposed Initial Public Offering (IPO), Airbnb gives an in-depth look into the company’s current financial state and future strategies to increase profitability.
The vacation rental industry is rapidly evolving in terms of technological standards, and product and service offerings, says Airbnb. To adapt to changing consumer preferences and demands, the company emphasizes the importance of integrating new technologies like blockchain, cryptocurrency, and artificial intelligence into its platform.
“Our future success will also depend on our ability to adapt to emerging technologies such as tokenization, cryptocurrencies, new authentication technologies, such as biometrics, distributed ledger and blockchain technologies, artificial intelligence, virtual and augmented reality, and cloud technologies. As a result, we intend to continue to spend significant resources