Japanese Auto Giant Honda Starts Accepting BTC & Ethereum as Payment

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Honda Starts Accepting Crypto:

One of the world’s most dominant car manufacturers and Japanese auto giants, Honda Motors, has started accepting Bitcoin (BTC) and Ethereum (ETH) as payment methods.

Honda has entered into a significant partnership with the blockchain payment FCF Pay. This partnership is set to revolutionize the way customers purchase Honda’s products.

The partnership between Honda Motors and FCF Pay, the Japanese auto giant, allowed the payment system to use digital currencies instead of traditional fiat currencies.

FCF Pay, a leading blockchain payment system, has embraced major cryptocurrencies such as Bitcoin, Ethereum, and Ripple and meme coins including Shiba Inu, Dogecoin, PepeCoin, and more.

Honda Motor’s decision to accept crypto is a visionary step taken by the Japanese auto giant as they are not only reshaping the consumer experience but are also pushing Japan to the forefront of the Web3 industry.

In an announcement on social media through the FCF Pay Twitter account, Honda owners are encouraged to rev up their crypto journey with Honda as the payment company announced that anyone interested in Honda, whether through financing, lease, or purchasing their dream Honda car, they can do so with FCF Pay.

Image Source: Honda Motors Global

Accepted currencies based on the Twitter announcement that FCF Pay will start accepting Bitcoin, Ethereum, Binance Coin, XRP, Doge, Pepe Coin, Shibu Inu, and many more cryptos.

The Japanese government is also showing some commitment to Web3 innovation after the ruling Liberal Democratic Party’s Web3 project team released a white paper featuring proposals to expand the country’s Web3 industry.

The move of the Japanese government underscores Asia’s most prominent economic powerhouse’s determination to remain at the cutting edge of technological advancements.

Based on the history of a Japanese automobile company embracing cryptocurrencies. Japanese auto used car dealer SBI Motor, another prominent auto industry player, had previously opened its doors to Bitcoin as a means of payment.

Aside from these two Japanese auto companies, one of the world’s most dominant players in the auto industry, Tesla Motors, the electric vehicle titan based in the USA, made waves when it announced its acceptance of Bitcoin and Dogecoin for vehicle purchases.

Those are some of the automotive industry players who embraced cryptocurrencies; other auto companies made some interest in the Web3 realms.

Although Nissan, another prominent Japanese automaker, entered the Web3 realm by filing four US trademarks and embraced Web3 with four new trademarks filed in the US, its Japanese unit experimented with metaverse auto sales for brands like Infiniti, Nismo, and Nissan.

Back to the latest developments with FCF Pay, the British banking giant HSBC has joined forces with the company to enable cryptocurrency users to pay their mortgage bills and loans using a range of digital assets, including XRP, Shiba Inu, and Dogecoin.

The partnerships between FCP Pay and HSBC underscore the widespread acceptance and adoption of cryptocurrencies across diverse sectors.

Honda Motors and FCP Pay’s collaboration and other notable partnerships represent a significant stride towards adopting cryptocurrencies and integrating blockchain technology.

The latest development in the automobile industry, particularly in Japan, is welcome news to all believers of cryptocurrencies in different parts of the world, particularly in the world’s most populous continent, Asia, with users feeling the excitement of this remarkable development.

Disclaimer: PhilNews.XYZ articles and their external content are not financial advice but are only used for educational purposes. Always Do Your Own Research (DYOR) first. The team serves to deliver unbiased news with less intrusive ads.

Ed Umbao

Founder of PhilNews.xyz | co-Founder of PhilNews.ph

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