Cryptocurrency gift card provider Bitrefill has added a service which allows users to now book Airbnb rentals with up to 5 cryptocurrencies. The Swedish based firm announced via Twitter on Wednesday that customers would now be able to pay for Airbnb via Bitcoin, Ethereum, Litecoin, Dogecoin and Dash. The company also recently announced cryptocurrency support for Netflix.
Currently, this will only be available for US residents; however, it is highly likely that there will be an equivalent available in Europe & Asia very soon. It is very promising to see names such as Airbnb and Netflix embracing cryptocurrency as valid payment options. As with general mass adoption of new technologies, it often only requires a couple of household names to adopt it, and the rest will usually follow suit. Whether this is in terms of additional companies accepting cryptocurrency as payment or there being new fields in which crypto is used.
We have seen recently seen various new areas in which cryptocurrency has been embraced, including real-estate and e-commerce. This provides increased exposure to people who may have previously not been too familiar with cryptocurrency payments. Having the option to give someone a cryptocurrency based gift card emphasises this potential scenario.
Additionally, it increases trust and validation within the space for people who may have previously been somewhat sceptical towards cryptocurrency. What we are seeing is the slow and steady acceptance of cryptocurrency and how credible and versatile it can be in terms of payment. People are slowly coming to understand the underlying value and real-world use cases, where they previously may have just envisioned scams and questionable get-rich schemes.
Airbnb image licensed via Shutterstock