Airbnb may be the biggest home-sharing game in town, but a new startup is trying to push its way into the market.<\/p>\n
Enter CryptoBnB: the online home-sharing platform that wants you to pay for your couch-surfing stays using digital currency.<\/p>\n
That\u2019s right \u2014 this startup is combining two of this year\u2019s trendiest topics \u2014 home-sharing and cryptocurrency \u2014 into one buzz-word extravaganza.<\/p>\n
The CryptoBnB team says the advantages of cryptocurrency go beyond having a slick, high-tech way to pay for your room. The startup will use blockchain \u2014 the technology behind bitcoin and other digital currencies \u2014 to power its home-sharing platform. Blockchain is a decentralized digital ledger that facilitates secure online transactions between different computers, creating a record that can\u2019t be altered retroactively.<\/p>\n
Tariq Alwahedi, CryptoBnB\u2019s founder, says by using blockchain for its transactions, the startup will create a secure platform through which it\u2019s easy for a host to verify the identity of a prospective guest, and hard for a guest to leave fake reviews.<\/p>\n
And the technology cuts out the need for a middleman such as Airbnb to facilitate the transactions between landlords and guests.<\/p>\n
\u201cThe relationship can happen with hosts and travelers directly,\u201d Alwahedi said. And the platform can automate many of the processes that otherwise would require human effort, such as compliance checks and record-keeping.<\/p>\n
That means CryptoBnB can charge less. Airbnb charges guests a service fee of 5 percent to 15 percent of the cost of a reservation, and charges hosts another 3 percent. CryptoBnB, by contrast, will charge a total of 2 percent or 3 percent at most, Alwahedi said.<\/p>\n
The technology also will learn about travelers as they use the platform, allowing it to tailor searches specifically to their preferences.<\/p>\n
Airbnb may be the biggest home-sharing game in town, but a new startup is trying to push its way into the market. Enter CryptoBnB: the online home-sharing platform that wants you to pay for your couch-surfing stays using digital currency. That\u2019s right \u2014 this startup is combining two of this year\u2019s trendiest topics \u2014 home-sharing […]<\/p>\n","protected":false},"author":1019,"featured_media":509973,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[100549],"tags":[100593,100618,100517],"class_list":["post-510043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-icos","tag-ecommerce","tag-ico","tag-travel"],"_links":{"self":[{"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/posts\/510043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/users\/1019"}],"replies":[{"embeddable":true,"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/comments?post=510043"}],"version-history":[{"count":0,"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/posts\/510043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/media\/509973"}],"wp:attachment":[{"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/media?parent=510043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/categories?post=510043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/tags?post=510043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}