Shiba Inu (SHIB), Ripple (XRP), Pepe Coin (PEPE)… Honda opens up to cryptocurrency payments

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:

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.

👉 Find our guide – How to buy cryptocurrencies in 2023?

Zengo: the ultra-secure mobile wallet

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.

👉 Listen this article and all other crypto news on Spotify

Cryptoast Research: stay ahead of the market

Source: FCF Pay via X

Newsletter 🍞

Receive a summary of crypto news every Monday by email 👌

What you need to know about affiliate links. This page may feature investment-related assets, products or services. Some links in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no harm to you and you can even get a bonus using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and cannot be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to cryptoassets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital.

To go further, read our Financial Situation, Media Transparency and Legal Notices pages.

Leave a Reply

Your email address will not be published. Required fields are marked *