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Accommodations marketplace Airbnb has completed an acquisition of most of the talent behind bitcoin startup ChangeTip. Before deciding to take over the development team of ChangeTip, Airbnb has been examining a number of other bitcoin and blockchain startups, according to two sources cited in a report by Quartz. Now left without most of its developers the firm is still looking for someone that will acquire its intellectual property.
ChangeTip allows social media users to express their appreciation with tips, which are transmitted as digital currency but expressed in one of ten fiat currencies. It seeks to make it quick and economically sensible to conduct microtransactions over the web, something which ... (read more)