Crypto payment option for Honda cars only works via third-party platform

Major vehicle producer Honda does decline cryptocurrency payments straight however one can utilize cryptocurrencies like Bitcoin (BTC) to buy a Honda cars and truck through a 3rd party.In early October, numerous publications erroneously reported that Honda started accepting cryptocurrency as payment. However Honda doesnt enable one to purchase its vehicles in exchange for crypto, a representative for the company informed Cointelegraph, mentioning:” American Honda does not accept cryptocurrency as payment. The current reports relating to a modification to this policy are inaccurate.” Honda didnt react to extra concerns on its position on crypto or whether the company is preparing to integrate cryptocurrency payments in the future.While direct crypto payments for Honda autos arent offered, one can still utilize cryptocurrency payment platforms like FCF Pay to buy a Honda car.According to FCF Pay chief running officer Joseph Parkin, Honda isnt the only vehicle brand that can be bought utilizing crypto on the platform. “There are more car makers on the list, including Mercedes, BMW, Ford, Nissan and Mitsubishi,” Parkin informed Cointelegraph in early October.According to the COO, payments on FCF Pay are settled by a payment aggregator through the exact same payment rails that allow one to pay in money in bank branches. “In the case of this payment flow, crypto really is functioning as digital money or the cash of the internet,” Parkin said. He added that only those business that become part of FCF Pay-deployed costs payment aggregation system are currently available.The service is presently just readily available in the United States. Still, FCF Pay is dealing with additional partners to perform crypto-to-fiat expense settlement in Mexico, a number of Latin American countries, several African nations, and Asia, according to the officer. The bill payments system went live in September 2023, allowing one to buy products utilizing coins like Bitcoin, Ether (ETH), XRP (XRP), Tether (USDT), USDC (USDC) and others for a $3 plus 2% cost.” Our aim is to onboard companies and corporations of every size and in every sector for direct crypto payments and we hope that federal governments around the world open their eyes quickly to the benefits of making it much easier for companies to accept crypto payments,” Parkin stated.The COO likewise highlighted that FCF Pay hasnt participated in a collaboration with companies like Honda to allow crypto payments for Honda automobiles. “Our system allows consumers to pay with cryptocurrency, however the nearly 21,000 companies that feature on the system receive fiat by means of our payment aggregator partner,” Parkin noted.The news comes amidst FCF Pays struggle to restore its page on X (formerly Twitter) after its account got suspended on Oct. 5. Parkin has linked the suspension to accusations based upon the phony news that has actually been circulating.Related: Shopify to accept USDC payments with Solana: Report” We were being implicated of claiming partnerships with the companies on our bill payments system, whereas we were actually attempting our absolute best to eliminate these misrepresentations from other news sources,” the exec stated. He included that FCF Pays X account experienced a great deal of “bot-like interactions” days before the suspension. FCF Pay suggested that the activity may have been an attempt to get the account suspended by competitors or the supporting communities.FCF Pays suspended account on X (formerly Twitter). Source: X” The good news is that we are in fact in the procedure of rebranding anyway as we lead up to our mobile app release at the end of the year. We might just speed up the procedure to switch over to the brand-new branding if the FCF Pay account does not get unblocked soon,” the COO stated.Magazine: The Truth Behind Cubas Bitcoin Revolution: An on-the-ground report

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” Honda didnt respond to additional concerns on its stance on crypto or whether the company is planning to incorporate cryptocurrency payments in the future.While direct crypto payments for Honda autos arent offered, one can still utilize cryptocurrency payment platforms like FCF Pay to purchase a Honda car.According to FCF Pay chief running officer Joseph Parkin, Honda isnt the only vehicle brand name that can be bought utilizing crypto on the platform. “There are more cars and truck producers on the list, including Mercedes, BMW, Ford, Nissan and Mitsubishi,” Parkin told Cointelegraph in early October.According to the COO, payments on FCF Pay are settled by a payment aggregator through the very same payment rails that enable one to pay in money in bank branches.” Our goal is to onboard companies and corporations of every size and in every sector for direct crypto payments and we hope that governments around the world open their eyes quickly to the benefits of making it simpler for business to accept crypto payments,” Parkin stated.The COO likewise emphasized that FCF Pay hasnt entered into a partnership with firms like Honda to enable crypto payments for Honda automobiles.