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Honda drives forward with Bitcoin & Ethereum, now accepting cryptocurrency payments

Honda's move transforms shopping and puts Japan at the forefront of the Web3 industry

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 Honda will now accepts cryptocurrency paymentscryptocurrency
Honda will now accepts cryptocurrency payments
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New Delhi, UPDATED: Oct 3, 2023 19:20 IST

Highlights

  • Japan-based Honda to accept payments in cryptocurrency
  • Honda’s forward thinking move putting Japan at the forefront of the Web3 industry
  • The collaboration between Honda and FCF Pay is a huge step towards the widespread use of cryptocurrencies and blockchain technology

In the fast-paced world of cryptocurrencies, Honda, the famous Japanese automobile giant, is making waves with a groundbreaking partnership. It has joined forces with blockchain payments system Free Cash Flow (FCF) Pay. With this partnership. The company is looking to change the way you buy Honda products. Honda customers will have the option to make crypto payments for their Honda products.

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FCF Pay: Embracing crypto

FCF Pay is a blockchain payments system, and it’s not afraid to dive into the world of cryptocurrencies. It is welcoming major ones like Bitcoin, Ethereum, Ripple, and even memecoins like Shiba Inu and Dogecoin. Honda's forward-thinking move is not only transforming the shopping experience but also putting Japan at the forefront of the Web3 industry.

Japan's Web3 commitment

Japan is serious about Web3 innovation. The ruling Liberal Democratic Party's Web3 project team has released a white paper with proposals to boost Japan's Web3 industry. This shows that Japan is determined to stay ahead in the world of technology.

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Following the trend

Honda isn't the first Japanese automobile company to hop on the cryptocurrency bandwagon. SBI Motor, another big player, started accepting Bitcoin as payment. And remember when Tesla made headlines by saying you could buy their cars with Bitcoin and Dogecoin?

Nissan, another Japanese automaker, isn't staying behind either. They filed four US trademarks and dived into Web3 with four more trademarks in the US. Their Japanese unit even experimented with Metaverse auto sales for brands like Infiniti, Nismo, and Nissan.

Cryptos adoption on the rise

Even the mighty British banking giant HSBC has teamed up with FCF Pay. Now, you can use cryptocurrencies like XRP, Shiba Inu, and Dogecoin to pay your mortgage and loans. This partnership shows that the cryptocurrencies are spreading across different sectors.

Pioneering the future

The collaboration between Honda and FCF Pay, along with these other exciting partnerships, is a huge step towards the widespread use of cryptocurrencies and blockchain technology. As cryptocurrencies keep evolving, these bold initiatives will reshape how we do finance and business, opening up new possibilities for people all over the world. Then, get ready for a whole new way to buy Honda!

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Published on: Oct 3, 2023 15:35 ISTPosted by: Minaal, Oct 3, 2023 15:35 IST
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