The manufacturer Honda has announced that it now accepts payments in cryptocurrencies for its cars, motorcycles, and other products. This is done thanks to a partnership with FCF Pay, and a few memecoins are in the list… So what cryptocurrencies can you now use to buy a Honda?
Honda opens up to cryptocurrency payments
Announced at the end of last week by Honda, the new marks a turning point in the brand’s strategy. People interested in cars, motorcycles or other equipment offered by Honda can now make purchases in cryptocurrencies. The payment service FCF Pay, partner of the project, has published the complete list of accepted crypto-assets:
Full list of currencies you can pay your vehicle bill with through the FCF Pay bills feature. pic.twitter.com/jAqb55a8xR
— FCF PAY – Blockchain Payment System (@fcfpay) September 27, 2023
Rather unusually for a major brand, the cryptocurrencies accepted are numerous, and we even find “memecoins” there like Shiba Inu or Pepe Coin. FCP Pay did not specify how the choice of currencies was made.
There is no payment limit for Honda products. Furthermore, cryptocurrencies can be used for financing and payment calibrations, always via FCP Pay. Notably, Honda has not officially communicated on the subject. A choice perhaps motivated by the still sulphurous reputation of cryptocurrencies, in the middle of a bear market.
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Discreet initiatives linked to blockchain at Honda
A few years ago, Honda showed an interest in blockchain, joining a vehicle identification program alongside BMW and Ford. But little news has filtered since 2021, when phase 2 of the program was launched.
Overall, major automakers are cautious about cryptocurrencies. Even Tesla, which is led by the very crypto-friendly Elon Musk, had offered cryptocurrency payments only for certain products, and not its cars.
Furthermore, since 2022 and the catastrophic fall of FTX, thepartnerships were few in number. Including on the side of Formula 1, historically open to the sector. Some new partnerships, including with Alpine (formerly Renault), however, show a rapprochement this year. But it will undoubtedly take time before we see a real merger of the two sectors.
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