Blockchain technology’s increasing adoption extends across diverse industries, from food companies to tech giants. Now, Japanese automotive leader Honda is exploring this technology.
Collaborating with FCF Pay, a blockchain-based payment platform, Honda now accommodates customers who prefer cryptocurrencies over conventional currencies. This comes after Honda’s NFTs for Formula 1 fans at the 2023 Japanese Grand Prix.
The automobile giant’s action aligns with the Web3 mandate set by the Japanese prime minister; in 2022, Fumio Kishida announced the government’s support for NFTs, metaverse, and other Web3 technologies.
Honda’s Customers Can Rent/Buy By Using Crypto!
Honda’s partnership with FCF Pay has given customers the choice to rent or buy Honda products with about 46 cryptocurrencies! The cryptocurrencies include but are not limited to Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Shiba Inu (SHIB), and Floki Inu (FLOKI).
During this initial stage, FCF Pay is exclusive to U.S. citizens; however, it is poised for global expansion in the foreseeable future. With FCF Pay, customers should anticipate a nominal charge of $3, accompanied by a 2% fee in cryptocurrency when executing transactions.
About FCF Pay
French Connection Finance (FCF) Pay enables cryptocurrency holders to utilize digital currencies for purchasing goods and services. It was launched last year and is headquartered in Canada.
FCF Pay offers a comprehensive solution for businesses, allowing them to seamlessly accept cryptocurrency and traditional fiat payments. This service operates by a minimal processing fee.
Honda’s recent adoption of cryptocurrency payments has elicited satisfaction from users. This move, along with similar initiatives by BMW and Mercedes-Benz USA, highlights the growing acceptance of digital currencies in the automotive sector.
As this trend gains momentum, we are curious about when Tesla, under Elon Musk‘s leadership, will start accepting cryptocurrencies.