Bitcoin fans, rejoice! You can now pay for your vacation rental using cryptocurrency. The Dubai-based home-sharing startup CryptoBnB is taking on Airbnb to let you pay for vacation rental using cryptocurrency instead of US dollars. CryptoBnB is a vacation rental marketplace built to improve short term rental experiences. It is powered by blockchain, artificial intelligence, big data promises to deliver smart machine learning user’s wallets to enhance their search results and improve property turnarounds. CryptoBnB was founded early this year by Tariq Alwahedi, a graduate of Kellogg School of Management.
CryptoBnB is building the next generation of online, short-term rental and tenant smart matching marketplace. This new marketplace aims to improve on the existing options available to travelers, by offering more efficiency on searches, overall lower fees, and better flexibility, by using blockchain smart contracts in combination with the power of AI and Big data, to find their desired accommodation, in the most efficient way. This new technology of blockchain allows peer-to-peer transactions of renting a property to be done securely, without having the added costs of an escrow service. The technology also enables a smarter intelligent way of directed P2P marketing between hosts and travelers, while boosting the ROI for hosts.
According to its website, the idea for the platform was influenced by their advisors from Booking.com and Amazon.com. Below is the token specification of their coin offering.
CryptoBnB is definitely reinventing the vacation industry. Watch the video below to learn more about CryptoBnB.