Companies such as Airbnb and Stayz have not only revolutionized the travel industry in the past few years, they have also created a lucrative platform for home owners who are now making more profits from Airbnb or Stayz listings than rental income.
However, taking it to another level, the $30 billion dollar Airbnb now has a new cryptocurrency called Aircoin wanting to cut its lunch as the Bitcoin boom gathers steam.
For instance, to own multiple homes or apartments and to be able to reside in multiple cities seems like a pipe dream for most. However, with the advent of technology and the shared economy, it is now a realistic possibility for the average person.
In the past, to acquire or even rent an apartment you may use just once or twice a month didn’t seem feasible unless you were wealthy and could afford to have an apartment left empty for the most part. But now you can use these services to have a second home or apartment in another city rented out to holiday guests during the times you aren’t using it.
This new app using Blockchain technology is designed to become the global platform for holiday letting to compete with the likes of Airbnb.
Founded by one of Airbnb’s former highest paid hosts and early stage bitcoin investor who got sick of Airbnb mistreating its hosts and refusing to pay him tens of thousands in bookings, he decided to put a team of high level developers together to build a better and fairer global platform for holiday letting to take a slice of the Airbnb market. Thus, Aircoin was born.
Platforms such as these connect holidaymakers with owners of rooms or entire houses or an apartment for short term stays tapping into what is commonly referred to as the shared economy. The extra income generated can often pay for the monthly cost to rent or pay off your second home or apartment, but still allow you to use it when you are visiting your home away from home.