- Honda partners with FCF Pay, enabling crypto payments for their products, advancing Japan in Web3.
- FCF Pay accepts major cryptocurrencies and meme coins, enhancing payment options for Honda customers.
- A study reveals that 36% of US SMEs now accept Bitcoin as a payment method for goods/services.
The Japanese automotive giant, Honda, has collaborated with FCF Pay, a blockchain payment system, to offer customers the option of buying Honda products using cryptocurrencies rather than conventional fiat currencies. FCF Pay, a prominent payment system, has embraced significant cryptocurrencies such as Bitcoin, Ethereum, and Ripple, alongside meme coins like Shiba Inu, Dogecoin, and PepeCoin. Honda’s partnership is not only aimed at improving the customer journey but is also propelling Japan into a leading position within the Web3 sector.
Currently, Honda’s clientele has the flexibility to conduct transactions using not only digital assets such as BTC, ETH, XRP, and BNB but also stablecoins like USDT and USDC, and even meme coins like DOGE, SHIB, PEPE, and FLOKI. In this initial phase, FCF Pay’s services are exclusively accessible to residents of the United States, with plans for expansion into other nations down the road. According to FCF Pay’s guidelines, customers can anticipate a fee structure of $3 plus 2% in cryptocurrency for their payment transactions. Moreover, customers have the option to utilize cryptocurrencies for leasing or renting Honda automobiles and motorcycles.
Earlier in April, the Indian billionaire entrepreneur and chairman of the Mahindra Group, Anand Mahindra, recently hinted at the potential of allowing Bitcoin as a means of payment for Mahindra vehicles. In response to a query from Twitter user Rohit Verma, who inquired about the feasibility of purchasing Mahindra cars with Bitcoin, Mahindra replied, “Not currently, but perhaps gradually in the future.”
A recent study conducted by the Hartford Steam Boiler Inspection and Insurance Company has unveiled that roughly one-third of small and medium-sized enterprises (SMEs) in the United States, which translates to approximately 36%, have adopted Bitcoin as a viable payment method for their goods and services.
