Main vehicle producer Honda doesn’t settle for cryptocurrency funds instantly, however folks can use cryptocurrencies like Bitcoin (BTC) to purchase a Honda automobile by means of a 3rd celebration.
In early October, a number of publications mistakenly reported that Honda began accepting cryptocurrency as cost. However Honda doesn’t permit the acquisition of its automobiles in trade for crypto, a spokesperson for the agency instructed Cointelegraph, stating:
“American Honda doesn’t settle for cryptocurrency as cost. The latest experiences concerning a change to this coverage are incorrect.”
Honda didn’t reply to further questions on its stance on crypto or whether or not the corporate plans to combine cryptocurrency funds sooner or later.
Whereas direct crypto funds for Honda vehicles aren’t accessible, folks can nonetheless use cryptocurrency cost platforms like FCF Pay to purchase a Honda automobile.
In keeping with FCF Pay chief working officer Joseph Parkin, Honda isn’t the one automobile model that may be purchased utilizing crypto on the platform. “There are extra automobile producers on the listing, together with Mercedes, BMW, Ford, Nissan and Mitsubishi,” Parkin instructed Cointelegraph in early October.
He mentioned that funds on FCF Pay are settled by a cost aggregator by means of the identical cost rails that permit one to pay in money in financial institution branches. “Within the case of this cost movement, crypto actually is performing as digital money or the money of the web,” Parkin mentioned. He added that solely these corporations which are a part of the FCF Pay-deployed invoice cost aggregation system are at the moment accessible.
The service is at the moment solely accessible in the US. Nonetheless, FCF Pay is working with further companions to hold out crypto-to-fiat invoice settlement in Mexico, a number of Latin American international locations, a number of African nations and Asia, in response to the exec. The invoice funds system went stay in September 2023, enabling one to purchase merchandise utilizing cash like Bitcoin, Ether (ETH), XRP (XRP), Tether (USDT), USD Coin (USDC) and others for a $3 plus 2% price.
“Our goal is to onboard corporations and companies of each measurement and in each sector for direct crypto funds, and we hope that governments all over the world open their eyes quickly to the advantages of creating it simpler for corporations to simply accept crypto funds,” Parkin said.
The exec additionally emphasised that FCF Pay hasn’t entered right into a partnership with corporations like Honda to allow crypto funds for Honda automobiles. “Our system permits prospects to pay with cryptocurrency, however the almost 21,000 corporations that characteristic on the system obtain fiat by way of our cost aggregator accomplice,” Parkin famous.
The information comes amid FCF Pay’s battle to revive its web page on X (previously Twitter) after its account was suspended on Oct. 5. Parkin has linked the suspension to accusations primarily based on faux information that has been circulating.
Associated: Ferrari to simply accept crypto funds within the US
“We had been being accused of claiming partnerships with the businesses on our invoice funds system, whereas we had been really attempting our best possible to dispel these misrepresentations from different information sources,” the exec mentioned. He added that FCF Pay’s X account encountered a number of “bot-like interactions” days earlier than the suspension. FCF Pay urged that the exercise might need been an try to get the account suspended by rivals or the supporting communities.
“The excellent news is that we are literally within the strategy of rebranding anyway as we lead as much as our cell app launch on the finish of the 12 months. We might merely speed up the method to modify over to the brand new branding if the FCF Pay account doesn’t get unblocked quickly,” Parkin said.
Journal: The Reality Behind Cuba’s Bitcoin Revolution: An on-the-ground report
