Showing posts with label airbnb. Show all posts
Showing posts with label airbnb. Show all posts

AirBNB Gone INSANE? or is Their Plan GENIUS? Company Will IPO In Tourisms Worst Period Ever - Plus Major Revamp Involving Cryptocurrencies, Blockchain Tech, And More...


AirBNB IPO Cryptocurrency Bitcoin

No other industry has had it as hard during the pandemic than the tourism industry, which came to a standstill practically overnight. 

Now, disappointing performance of the vaccine, with it neither preventing contracting or spreading COVID (but does reduce death rates and severity of cases) it's becoming questionable whether unrestricted travel will become possible again within the next year.

Rumors of an IPO have been around since 2017, and after all that waiting it's under these disaster conditions that AirBNB shocked us with the announcement - they're planning an IPO.

So - why would a company in an industry currently suffering, choose now to IPO? Well, AirBNB is so focused on 'the future' that what's happening now isn't relevant to their plan...

Airbnb is planning costly investments in the expansion and further development of the platform. 

With regard to crypto integration, it would be surprising if implementing Bitcoin payments were not part of this plan. Not to mention, they've openly said in a statement:

"Our future success will also depend on our ability to adapt to new 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."

Yes, all those words were in 1 sentence: tokenization, cryptocurrencies, distributed ledger, blockchain technologies.

So far, responses from the public are mixed...

Are they making big moves at the absolute worst time?

Or is this aggressive, forward-looking strategy exactly how a company like AirBNB could emerge from the pandemic stronger than ever? 

Potentially, they could position themselves in a much more dominate position in their industry - which may easier right now, while their competition is hurting or hibernating. 

Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News

AirBNB co-founder becomes the latest Silicon Valley heavyweight to enter the cryptocurrency world...

We're way past the point of wondering if something big is right around the corner - we've been talking about a lot of familiar names this month jumping on board and officially making their entry into the cryptocurrency world. Microsoft, Starbucks, NASDAQ, NYSE to name a few - and yes you may have heard these names mentioned before in a cryptocurrency or blockchain article, but this is the month they all put their money where their mouth is.

The latest is AirBNB co-founder Nathan Blecharczyk. While this one is an individual (not acting on behalf of AirBNB) the concept behind what he just invested in is all about bringing in even more large investors.

The company is called SFOX and their focus is "large-scale investors such as funds, family offices, and high-net-worth individuals".

"We've seen high interest from our clients in expanding their exposure to crypto assets. Institutions need a full service asset management platform that meets the unique needs of cryptocurrency. This is not being fulfilled by traditional tools and current platforms. We're in a great position to provide these rails. This investment will allow us to pursue this evolution." says SFOX CEO Akbar Thobhani.

Blecharczyk who co-founded AirBNB in 2008 was part of a $22.7 million series-a funding round that announced it's closure yesterday.  While it's not a company mentioned often, SFOX has been around since 2014 and boasts over $9 billion in total transactions.

Author: Ross Davis
E-Mail: Twitter:@RossFM
San Francisco News Desk