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OpenGrid Scheduler GridEngine / Flickr Creative Commons

Airbnb is looking to boost its payments team by acquiring crowdfunding service Tilt, according to The Information. Tilt also has an app that competes with Venmo, which lets users send and receive payments from others.

Why it makes sense: Adding new payment options is critical to Airbnb being able to operate in a new country. The variety of payments it accepts globally ranges from credit cards to Boleto, a system in Brazil that lets customers without a credit card print out a slip with a bar code and bring it to a bank or convenience store to pay.

  • Tilt's expertise in peer-to-peer payments also could help with some of Airbnb's new features. For example, it recently added the ability for hosts to enlist the help of another to help them with guests, for which Airbnb takes care of splitting and paying both hosts.
  • It can also help with groups of guests staying in a single house who need to split the bill.

The deal: Airbnb reportedly would pay between $10 million and $20 million for Tilt—a far cry from its $400 million valuation, and even less than the $62 million it raised from investors like Andreessen Horowitz (who lead on the deal, Jeff Jordan, also backed Airbnb).

Not the first one: Last year, Airbnb's payments team hired much of the team behind ChangeTip, a service for sending Bitcoin.

Go deeper

Trump pressures Barr to release so-called Durham report

Bill Barr. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump and his allies are piling extreme pressure on Attorney General Bill Barr to release a report that Trump believes could hurt perceived Obama-era enemies — and view Barr's designation of John Durham as special counsel as a stall tactic, sources familiar with the conversations tell Axios.

Why it matters: Speculation over Barr's fate grew on Tuesday, with just 49 days remaining in Trump's presidency, after Barr gave an interview to the Associated Press in which he said the Justice Department has not uncovered evidence of widespread fraud that could change the election's outcome.

CDC to cut guidance on quarantine period for coronavirus exposure

A health care worker oversees cars as people arrive to get tested for coronavirus at a testing site in Arlington, Virginia, on Tuesday. Photo: Olivier Douliery/AFP via Getty Images

The CDC will soon shorten its guidance for quarantine periods following exposure to COVID-19, AP reported Tuesday and Axios can confirm.

Why it matters: Quarantine helps prevent the spread of the coronavirus, which can occur before a person knows they're sick or if they're infected without feeling any symptoms. The current recommended period to stay home if exposed to the virus is 14 days. The CDC plans to amend this to 10 days or seven with a negative test, an official told Axios.

  • The CDC did not immediately respond to a request for comment.
3 hours ago - Health

CDC panel: COVID vaccines should go to health workers, long-term care residents first

Hospital staff work in the COVID-19 intensive care unit in Houston. Photo: Go Nakamura via Getty

Health-care workers and nursing home residents should be at the front of the line to get coronavirus vaccines in the United States once they’re cleared and available for public use, an independent CDC panel recommended in a 13-1 emergency vote on Tuesday, per CNBC.

Why it matters: Recent developments in COVID-19 vaccines have accelerated the timeline for distribution as vaccines developed by Pfizer and Moderna undergo the federal approval process. States are preparing to begin distributing as soon as two weeks from now.