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Title: AirBNB European competitor now accepting Bitcoin Post by: Pangia on April 07, 2013, 05:42:49 PM This is great news!!! AirBNB is a billion dollar market by itself. If there is enough competition from their competitor (9Flats.com), then maybe they (AirBNB) will also begin to accept Bitcoins. Many of the hosts on AirBNB have been asking for AirBNB to commence the acceptance of Bitcoins, but so far they have not had success in convincing AirBNB to do so.
http://techcrunch.com/2013/04/04/9flats-bitcoin/ www.airbnb.com www.9flats.com Title: Re: AirBNB European competitor now accepting Bitcoin Post by: strikegold on April 07, 2013, 05:45:37 PM Great news - thanks for sharing :)
Title: Re: AirBNB European competitor now accepting Bitcoin Post by: Pangia on April 07, 2013, 06:05:22 PM For anyone not familiar with the BNB market; it's essentially the means to rent a spare room(s) in your home to anyone from around the world.
http://betabeat.com/2012/01/airbnb-ceo-brian-chesky-airbnb-new-york-city-hosts-average-21k-21000-01232012/ I firmly believe that Bitcoin is the ideal currency for the global short-term rental markets which is a multi-billion market. AirBNB alone is worth more than a billion and that's just one company. AirBNB and others like it charge guests a fee for each day that they rent (6% to 12%). They also charge the hosts a 3% fee. But Bitcoin can fix all of that. If a guest and host has a prior business relationship (prior rental) and trust one another, those fees could be out the window since the payment can be sent internationally with an extremely reduced cost of the transaction. The use of an escrow service to facilitate transactions between hosts and guests could also work for rentals between hosts and guests that aren't familiar with one another. |