There are so many services that can be used with cryptocurrency, do you know all of them? Surely not. It’s impossible to know all the services, so you should only focus on the best ones.
Part of our job is to guide you through the best programs that you can use with cryptocurrency, so today we are going to review a very interesting new company: CryptoCribs.
What Is CryptoCribs?
CryptoCribs is, basically, Airbnb paid with cryptocurrency and smart contracts, but it’s also more than that. The company was founded last year without the need of an ICO, which attracted attention to it. In its first month online, the company already has more than 300 listing, being maybe the new surprisingly successful company in the market.
The company’s goal is to go even further than Airbnb in cutting the middlemen. They want to be a platform in which the users need even less a company to intermediate their transactions between each other.
Offering a decentralized service, less intrusion and better rates than Airbnb, CryptoCribs wants to be the new big company in the market of booking.
How Does CryptoCribs Work?
This company works in a very easy way. To use it, you have to register as someone looking for a place or an owner and then you can negotiate with people. The transactions are very easy and you can check the whole process if you want.
Using Ethereum-based blockchain technology, CryptoCribs uses smart contracts to ensure that there will be no problems with transactions and both users and owners are safe.
How To Invest In Cryptocribs?
Well, you can’t. CryptoCribs was actually pretty inovative in not having an ICO. With so many start-ups failing, some people are saying that was a smart move.
If you want to make some money with CryptoCribs, you can also rent your place for some strangers on vacation, though. The company aims to make not only a market, but a community of users that can be really trusted, which can help in the safety concerns of people traveling around the globe.
The company also promises that, unlike Airbnb, they won’t raise their fees in the future and that they will let users discuss important topics of the company. More than creating a business, CryptoCribs is intending the create a community.
Will CryptoCribs take Airbnb’s place? Maybe, but it’s hard to say at this moment. Paying room rentals with cryptocurrency is a sign that times are changing with the technology and it’s something that will make life easier, but how much potential does this new company have? It’s still hard to say.
Anyway, this company seems like something the world was in need of. We cannot say much about the future success of CryptoCribs, but if you want to make cheap travels around the world, they may actually get cheaper if you use this service, so that’s a pretty good way to save some money.