May Consider Crypto and Blockchain: Airbnb’s IPO Prospectus

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Airbnb may have had a change of heart on cryptocurrencies, according to the prospectus for its planned initial public offering (IPO).

Filed with the U.S. Securities and Exchange Commission Monday, the prospectus says the company’s “future success will … depend on our ability to adapt to emerging technologies such as tokenization, cryptocurrencies [and] new authentication technologies.”

It further lists distributed ledger and blockchain technologies, as well as biometrics, artificial intelligence, virtual and augmented reality and cloud technologies, as being possibly key at a future time.

While the information is provided in the “Risk Factors” section of the document, it also says that: “As a result, we intend to continue to spend significant resources maintaining, developing, and enhancing our technologies and platform. However, these efforts may be more costly than expected and may not be successful.”

Airbnb has previously said it has no plans to start accepting bitcoin as a means of payment, though that came after the company acquired the team at crypto-tipping service ChangeTip back in 2016.

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.xtechalpha.com.)

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May Consider Crypto and Blockchain: Airbnb’s IPO Prospectus

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