Airbnb is one of the most popular online property rental businesses in the world, but unfortunately they don’t accept cryptocurrencies. Now there’s a new startup called Cryptocribs that provides a peer-to-peer short-term rental system that utilizes digital assets like bitcoin cash and ethereum for payments.
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Cryptocribs: A Cryptocurrency-based Airbnb
There’s a new web portal called Cryptocribs that allows travelers to pay in bitcoin core (BTC), Bitcoin Cash (BCH) or Ethereum (ETH) for short-term apartment and loft rentals. The startup has said it also plans to integrate monero in the future. Cryptocribs is similar to Airbnb but wants to be a home for all the crypto nomads and perpetual travelers around the world. The Cryptocribs business model was created by Erasmus Elsner, a student from UC Berkeley in California. So far Cryptocribs has been seeing some growth since its inception a few months ago, as the startup has listed over 1,500 hosts on the platform. Property rentals are available in the U.S., Europe, Australia, Asia, and more as the site offers a global map for each location.
“We want to provide a peer-to-peer solution to the trust problem inherent with renting out apartments to strangers around the world — In the first stage, we plan to act as the trusted hub by hosting a listing platform Cryptocribs that accepts only crypto,” explains the startup.
This platform will be commission-based and offer a trusted sorting algorithm. Participating nodes, i.e., guests and hosts, are incentivized to join and contribute to the network through activity- and review-based commission rewards.
Cryptocribs has over 1,500 host listings worldwide since the company started.
Marrying Airbnb and Craigslist with Decentralization
At first, Cryptocribs will act as
