March 22, 2022

7 Profitable Ways To Grow Your Direct Booking Website

Author: Keiran Griffiths | CMO Lifty Life Vacation Rentals Many short term rental operators are looking to improve their online visibility, rely less on the large […]
March 20, 2022

Wheelhouse v. Beyond Pricing v. Pricelabs: Comparing Popular Airbnb Pricing Tools

As an Airbnb host, you know how important it is to set the right price for your short-term rental.But, there’s a lot of work that goes […]
March 20, 2022

Airbnb Demand Drivers Every Host Should Know in 2021

Beyond's Dynamic Pricing Tool as a way to price for seasonality, day of the week, and local events/holidaysKeep the same price on your short-term rental every […]
March 20, 2022

Investing in Short Term Rentals : Lessons From a Legend

I’ve been getting a ton of questions from you guys about investing in short term rentals,  and how to start growing your business.  So,  this month I […]
March 20, 2022

9 Lessons To Help You Grow Your Airbnb Business in 2021

Add Beyond's Dynamic Pricing Tool as a way to grow Airbnb Business 2020 was a roller coaster ride for short-term rental hosts.  So, what did Airbnb hosts […]
February 5, 2022

Pet-Friendly Airbnb Marketing Tips

*This is a guest post by Hostaway, a Property Management System (PMS) that comes integrated with its very own channel manager. Reach out to the Hostaway […]
August 19, 2021
ultimate_guide_providing_broadband_internet_in_your_airbnb_property

Ultimate Guide to Providing Broadband Internet in Your Airbnb Property

Airbnb has been a revolution for the hospitality industry. With regular homeowners able to list properties for temporary lets, the platform has been a boom with modern […]
August 4, 2021
gpfyp_blogpost_from_hectic_host_to_millionaire_manager

From Hectic Host to Millionaire Manager

Airbnb hosts pay attention...there's a brand new online event coming up called From Hectic Host to Millionaire Manager. This FREE event will take place on Thursday August […]
February 3, 2021

Work in Paradise: Airbnb Trends Towards Remote Workers in 2021

It's no secret that remote work has increased dramatically this year. This has caused one of the biggest Airbnb trends of the year – catering to […]
January 27, 2021

How To Setup Your Digital Airbnb Guidebook In 2021

Guests have more questions now than ever.  If you've traveled recently, you've probably had a few questions yourself. You're wondering if the Google hours at the […]
January 6, 2021

Prevent House Parties at Your Airbnb: Tips for 2021

With all the social restrictions in place right now, people are itching for ways to let go.   If you’re an Airbnb host, a house full […]
December 30, 2020

How to Make Your Airbnb Pet Friendly and Increase Revenue up to 25%

Have you considered making your Airbnb pet friendly? Many people are traveling closer to home with new restrictions. This means they are bringing the whole family, […]

No doubt you’ve heard of cryptocurrency, the digital currency that operates on the blockchain. As its popularity grows, the number of startups in the space has risen exponentially, and investors are buying up tokens in ICOs before companies even have a working product. One exception to that rule is CryptoCribs, a fully operational vacation rental platform that allows guests to pay with one of four accepted cryptocurrencies: Bitcoin, Litecoin, Ethereum or Bitcoin Cash.

CryptoCribs co-founder Erasmus Elsner is on a mission to disintermediate home-sharing, marrying the concept of Airbnb with that of cryptocurrency. Using the model of ‘reputation mining,’ the host’s fees are reduced with every booking and positive review until eventually no fees are incurred at all. CryptoCribs stands for freedom of communication between guests and hosts, and the startup is working to remove the middleman and allow guests to pay hosts directly through the platform.

The other major component of the CryptoCribs vision is to help people connect with the blockchain community, introducing Airbnb hosts to cryptocurrency through their platform. Today Erasmus explains the CryptoCribs’ booking and payment systems, discussing how its functionalities mirror the Airbnb platform. He walks us through the benefits of CryptoCribs, sharing how the startup has grown through word of mouth to 800 listings in just ten weeks. Listen in and learn how you can leverage CryptoCribs to set up your own crypto account, sync your Airbnb listings through the platform, and get paid directly—without the associated fees!

Topics Covered

The fundamentals of CryptoCribs

  • Marry peer-to-peer currency with homesharing
  • Eventually allow guests to pay host directly
  • No intermediary, no fees

How an ICO works

  • Initial Coin Offering
  • Company presents white paper
  • Investors buy tokens

CryptoCribs’ booking and payment systems

  • Hosts have Instant Book option
  • Otherwise respond to booking request (24 hours)
  • Guest pays with cryptocurrency at checkout
  • CryptoCribs completes payout to host (24 hours)

The two ways hosts are paid on CryptoCribs

  • Receive same type of cryptocurrency guest used to pay
  • May choose PayPal option for first few bookings

The volatility of Bitcoin and other cryptocurrencies

  • May change in value during 24-hour period
  • Hosts accept risk associated with fluctuations

Who is hosting on CryptoCribs

  • ‘CryptoNomads’
  • Techies 25-35 (mostly men)

The benefits of CryptoCribs

  • More efficient way to conduct transactions globally
  • Fees reduced with every booking, positive review
  • Reputation mining = no fees after 10 transactions
  • Promotes uncensored messaging, freedom of communication
  • One of few places to spend Bitcoin

The Airbnb functionalities CryptoCribs doesn’t have yet

  • Guest ability to split payments
  • Option to add guests

CryptoCribs’ partnership with Coinbase

  • Integration into Toshi mobile app

How to post your listing(s) on CryptoCribs

  • Same process as Airbnb
  • Admin staff will set up listings for you, sync to iCal

Connect with Erasmus

CryptoCribs

Resources

Coinbase

Toshi on Android

Toshi on iOS

Connect with Jasper

Email: jasper@getpaidforyourpad.com

Twitter: @GetPaidForUrPad

Instagram: @GetPaidForYourPad 

Facebook: www.facebook.com/getpaidforyourpad

This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!

To subscribe to the podcast, please use the links below

Click Here to Subscribe via iTunes

Click here to Subscribe via Stitcher (Android users)

If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks!

January 15, 2018

EP219: Cryptocribs, the Airbnb for Crypto Currency Users

No doubt you’ve heard of cryptocurrency, the digital currency that operates on the blockchain. As its popularity grows, the number of startups in the space has […]
November 3, 2017

EP201: This Week in the World of Airbnb

Special events like the Super Bowl present an opportunity for residents of the host city to list on Airbnb and generate extra income, but how do […]
January 12, 2017

EP118: The World of Airbnb – Week 2

With the astonishing growth of Airbnb there is almost a constant supply of news and updates to discuss. That’s why every Thursday, Jasper and a guest […]
RSS
Follow by Email
Pinterest
fb-share-icon