Major Automobile Manufacturer Now Accepting Crypto

October 2, 2023 1:29 pm Comments

Honda has teamed up with FCF Pay to accept cryptocurrencies for its products—you can now finance a car with your crypto.

The accepted digital assets include large-cap currencies like Bitcoin and Ethereum, with notable altcoin options such as SHIB, XRP, Polkadot, PEPE, SAND, ONE, MATIC, and more.

It remains to be seen how many consumers choose this crypto payment route or if the HODL trend will only increase with time—Gresham’s law at work.

Popular influencer Crypto Tea asked: “Honda now accepts Bitcoin and Ethereum. How long before Tesla comes back?”

FCF Pay, the blockchain payment service working in conjunction with Honda, recently announced: “Rev up your crypto journey with Honda! Finance, lease or purchase your dream Honda ride through FCF Pay. Accepted currencies are: Bitcoin, Ethereum, Binance Coin, XRP, Doge, Shiba Inu + Many more!”

Crypto Potato had more on the story:

It is worth mentioning that Honda’s offering also includes some exotic memecoins such as Pepe Coin (PEPE), Floki Inu (FLOKI), Bone ShibaSwap (BONE), Doge Killer (LEASH), and others.

Such digital assets have emerged as a top trend in the crypto space in the past few years as the first to see the light of day (which actually started as a joke) was Elon Musk’s favorite Dogecoin (DOGE).

The crypto community celebrated the recent move as highly bullish for the cryptocurrency industry and the broader digital asset markets.

Cryptonomist added:

Honda’s new openness to crypto payments joins another recent piece of news regarding NFTs. In fact, at the FORMULA 1 Honda & Red Bull welcome event in Tokyo, Honda announced a new limited edition NFT in Japan.

Basically, Honda distributed Honda KEY NFTs to all fans who entered the FORMULA 1 Honda & Red Bull ticket lottery back in September. 

Event attendees also received a commemorative NFT, which was distributed to ticket holders after the event.

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