Honda, a leading automobile manufacturer, recently clarified that it doesn’t accept cryptocurrency as a direct form of payment for its cars. This clarification came after multiple reports inaccurately claimed that Honda had embraced cryptocurrency payments.
A spokesperson from Honda confirmed: “American Honda does not accept cryptocurrency as payment. The recent reports regarding a change to this policy are incorrect.”
However, those eager to use their digital coins for a new vehicle still have options. FCF Pay, a cryptocurrency payment platform, facilitates the buying of Honda vehicles using digital currencies. Joseph Parkin, COO of FCF Pay, informed that other automobile brands, including Mercedes, BMW, Ford, Nissan, and Mitsubishi, are also accessible via their platform.
Describing the payment process, Parkin shared, “Payments on FCF Pay are settled by a payment aggregator through the same payment rails that allow one to pay in cash in bank branches.” This means cryptocurrencies act similarly to “digital cash.” However, FCF Pay hasn’t entered any direct partnership with companies like Honda. Instead, it allows crypto payments while the companies receive fiat through a payment aggregator.
This initiative by FCF Pay aims to increase the adoption of crypto payments across various sectors. “Our goal is to onboard companies of all sizes for direct crypto payments,” Parkin mentioned.
In related news, FCF Pay’s page on the platform X, previously known as Twitter, faced suspension earlier this month. Parkin associated this with misleading news accusing them of false partnerships. He emphasized their commitment to correct these misrepresentations. With FCF Pay undergoing a rebranding process and prepping for a mobile app launch, Parkin hinted at possibly expediting the rebranding if the suspension isn’t lifted soon.
Source: https://cointelegraph.com/news/honda-denies-accepting-crypto-payment
Image: https://unsplash.com/photos/1ZhZpP91olQ
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