Topic: Honda Now Accepts Bitcoin and Ethereum As Payment Methods (Read 736 times)

Car is liability and also a necessity which makes movement convenient. Would you rather treck a 2 mile journey and keep your btc in your safe when you can use part of it to buy a car if the need arises?
Am sure you will not have a problem spending fiat to buy a car despite it being a liability  

The mare thought of spending btc on goods makes people to suddenly realise what is important and what is not  . And this same way of thinking is the reason why majority of btc holders consider it as an asset than alternative currency.
I think btc gives people a good sense of reasoning  

I actually am very skeptical of this when I first saw this, though this thread has now resurfaced thanks to your comment. If ever Honda did this particular move, this would have been in the news by now. However that is not the case. FCF Pay is sort of like the Bitpay of automobiles, so Honda itself does not facilitate these transactions, but they do. They buy the cars upon order, you pay them in bitcoin, and they keep the profit/loss. Pretty sure the margins aren't that friendly to the buyer at all, and with the rate that the market is going, it's rash to do a huge purchase with bitcoins. Better pay in fiat and get discounts directly from the dealership than to have all the process go through an intermediary that is FCF Pay.

It is a good thing that buying things with crypto currency is normalizing the crypto market and making it more connected to the daily lives of people. People are willing to buy the car by using Bitcoin payment, which is a different story. I heard that the car is a liability, so why should I buy it with my source of income? However, Honda debunked these claims, stating that they do not accept crypto currency as a form of payment, but FCF Pay is the intermediary that facilitates the use of crypto currencies to buy cars. It's not just Honda; you can buy various brands like Mercedes and Ford using crypto on FCF Pay. The platform converts your digital cash into real cash, making transactions smooth. But FCF Pay doesn't partner with these companies; they just facilitate your crypto payment.

I consider Honda to be an ever evolving brand when it comes to manufacturing of cars, they are next to the best and their cars are always to a luxury standard. They are open minded and that is one of the traits that has kept them ahead of the curve. Accepting crypto payment will net them more profit once it becomes a household news. People will order for cars seamlessly as the challenges associated with cross-border payment has been eliminated with the help of cryptocurrency. A great win for Honda and lovers of Honda cars.

Some people keep Bitcoin for different purposes, so I don't think it's impossible that some of them want to buy things using Bitcoin.

Regardless of what Honda is doing for popularity alone or whether they really want that, it must be admitted that what Honda is doing is making developments or positive things that are also accepted by Bitcoin, so there is nothing wrong with it. at a loss here.

But what is certain is that this news will be positive enough to trigger an upward trend in market prices, sooner or later I think this will have a big influence.

I don't think this has much to do with Honda believing in Bitcoin. Honda thinks this is sales-oriented. If someone who is going to buy a Honda is thinking of spending their Bitcoin instead of their cash, Honda is willing to do so. As a result, after the payment is made with the payment processor, Honda don't hold that Bitcoin, rather they get national currency. It's a good addition for the buyer but have no effect on seller. However, we can say that it's a positive development for all of us that big companies are positive about this type of coin purchasing transactions and that it's becoming widespread.

If a person is a Bitcoin holder and it is a long-term holder, then he will see that this is what the Honda company has done. I think he will not use the Bitcoin he has even if we say that he wants to buy a car from Honda itself. Of course, he will think that the Bitcoin he will use to pay for it will be a waste; if he has money to pay with their money, he will do that and use it for sure.

Yes, we're here; that's good news, but that doesn't mean you're going to install the new system that Honda made today. As far as I can see, it seems that the step taken by the company was just wrong timing because we are about to enter Bitcoin's halving and we are getting closer to the bull run. They should have done that right away during the bear market era; this is just my opinion.

Would really be having that normal approach towards things on which people wont really be that so easily will be making use of their crypto on buying out but just as said that no one would really be just simply making use of wasting up their coins on something that they could buy with fiat as much as possible which its true that majority of us would really be eyeing for the investment part or side of things rather than on carelessly making use of those coins for the sake on buying things but in overall, it is really just that good to see about these kind or type of news on which this do correlates about adoption and recognition on which this is something
that we do really need which we do really want for it to happen that lots of merchants would really be considering its existence.

Somehow having this kind of addition or integration of crypto payment is really that a good option  and does really give out some choices whether we do purchase honda cars using  fiat or our crypto directly.
It would be always falling down into someones preference on neither theyll be using their money or not or with crypto directly.

You’d first consider the cost of the vehicle and the attitude of most bitcoiners towards spending their bitcoins. I think a brand new Honda Civic cost about $10,000 to $20,000. That’s a lot of bitcoins to spend on a bitcoin, I doubt many bitcoiners would be eager to make that trade especially if they have the money in fiat. In my opinion, people are more willing to spend small amounts of bitcoins on cheap commodities. Anything close to spending 0.5bitcoins or more may likely not receive the same positive attraction.

Definitely something good to add up in the current market. Honda definitely taking it to next level if they have started accepting Bitcoin. I believe it is the internal management that must be excited about the Bitcoin Payment idea. They might be looking at crypto based users to target them and let them give new user base or buyers. Sometimes it’s like releasing a service or product that directly hits the user. That’s what happening here. They want us to feel that they are with crypto community, they welcoming the digital payment era and new currency like Bitcoin.

I would definitely want to see other automobiles get into this. Mostly Royal Enfield should start accepting Bitcoin payment. They have classic bikes and their market is also huge. The bikes range is also as equal to as luxury cars so I’m sure that’s good deal as well.

Its certainly a big deal I would say when any major corporation starts accepting bitcoin, it gives more credibility to the currency and also more assurance for consumers. It for sure shows Honda's faith in BTC. Love it!

Wow!  I have to say this is something I was expecting but I'm sure glad to see.  In my humble opinion Honda is at minimum the 2nd best care company on the planet (I would say overall Toyota is probably #1).  So it really shouldn't surprise me all that much being that they are such an innovative company. 

I would love to see Kia be next because I plan on buying a new car soon and Kia has a couple cars that I'm looking at very closely.

I think that the main point of OP is the increasing options for us bitcoin users. This can put other car brands into accepting bitcoin as a payment for their car. It's not about how cars depreciate or how unpractical it is compared in holding bitcoin. The more merchants that bitcoin have is the more options we have on how and where we should spend our bitcoin. Remember when tesla accepts bitcoin as a payment, I'm sure there are people who bought Tesla before using bitcoin. Also there might be other big brands that will come sooner or later after realizing the potential of bitcoin.

Imagine 3 years from now and we are on the bull market, you had a plan to buy a honda car. At least you got to experience buying something that is not that cheap using your bitcoin that you got for cheap. There's a satisfactory feeling about it that I think I will feel if I got a chance to buy that.

I feel you brother. Even with all of these adoptions and news that they're now accepting Bitcoin and I've got a dream car that they manufacture, it seems it's hard to spend the Bitcoin that we hold because we just want to hold it until at the price that we want it to be. Much better to use it at the price that we're totally okay with and not just that we're forced to do so because they've started to accept it. If all of their branches globally do it, the demand will push the price of Bitcoin even if they'll use some third party payment provider for this transaction.

What people are saying is that it should be Tesla because they're the ones who have invested in Bitcoin. The possibility of it that can happen in the future is high but we will never know if they will. Would like to see other known brands do it.

Bitcoin is many people's investment and they won't want to use Bitcoin to purchase cars as they are nothing but liability, still people need a car when they can afford one, I already have a ride and I don't plan on getting another for the next three years, also it's not easy to import cars into the country as this is more costly than the amount you will be buying the car, so ridiculous.

There are many abandoned cars by car dealers in my country because they can't afford the clearance fee, they left everything and move on, this also makes car value to rise insanely high in my country.

I can use crypto as a means of payment, to buy some things online but not very costly things like cars, especially using Bitcoin, if I am going to use Bitcoin to purchase anything over a thousand dollars for example, I will make sure I get the Bitcoin back not too far in future, Bitcoin is gold and it should be kept instead of spending.

Honda is biggest of transportation company around the world and could give positive impact for the future after accepting bitcoin and ethereum as payment method, seems interested with my planning want to buy motor cycle of Honda have already with bitcoin payment in my country region or not? Its not about the values only for bitcoin and ethereum on the future when accepting as payment method by Honda but their decision to make costumer more friendly and how much advantage when accepting bitcoin as payment regulation.
Still waiting confirmation with my country region due bitcoin is not legal payment current, will have way for using bitcoin or ethereum for payment transaction when buying motor bike or car in my country? Its seems good ideas without have make payment trough cash money and bitcoin or ethereum more effective for payment method.

Honda accepting bitcoin and some other cryptocurrencies as payment methods is good news for the crypto industry but what I'm thinking is will people use their crypto assets as payment methods? Because most people only like to use them as a means of investment, including us, very few consider them as a means of payment. That's what I'm doubting, even if businesses add bitcoin as payment method but most investors value privacy, will we use btc for payment?

Either temporary or long term adoption planned for this adoption to happen its still good since announcing to adopt bitcoin is already a great news to be heard. For sure there's a lot of people in business world read up this announcement created by Honda and adding bitcoin gives curiosity to them about possibilities to add this also in their company. But lets just see what will be the result of their adoption since if honda will generate a lot of sales also good result in terms of bitcoin volatility for sure this will be great in terms of good projection of bitcoin since it can somehow boost more its popularity.

People near them can now buy car without any conversion needed and they can directly use bitcoin or ethereum to make their transactions more faster.

Does Honda want to continue in Tesla's footsteps or is it only temporary, but what is certain is that this step should be appreciated because BTC is increasingly becoming a part of the business world where consumers can buy valuable goods such as cars and of course it is a driving force for other companies to participate so as to help improve public trust and interest in crypto and increasing its acceptance in the business sector.

Well, if somebody ned to buy a car using BTC now, that's definitely not the case, and to predict the trend, it could trigger an upward trend in the market in the next few weeks or months, I don't dare to speculate further.

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With such an opportunity to spend btc to buy luxury cars-
*Will you be willing to spend your btc to buy car from Honda? Or any other automobile company that will follow the Honda's part?

*Which other automobile company would you want to also accept btc for payment?

*Is this news big enough to trigger market uptrend in the coming weeks, months?
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This development has a variety proportional to expand and promotes the two series of the wider spread of BTC and attracting to more patronages to Honda automobile.
This could even trigger more desires to attain more of Honda products as  course or marketing strategies as a coursed of its product endivoirs to accept BTC payment method. This alone is a big winning to Honda and a big blow on other automobiles because it will trigger a very highly marketing strategies amongst other automobiles

If I am asked to decide what other automobile company I want to accept same development, of course I would suggest the company product that is dominated and most  embraced in my country which is TAYOTA AUTOMOBILE PRODUCTION COMPANY.
It is believed that my country is at 6th position ranked in terms of Crypto especially on Bitcoin crypto and there are highily importers and exporters who are Bitcoin investors diversifies their investments on automobile trading.
Which I am aware that trading with an exchange of crypto BTC currency is best served safe, easier and manageable to them(us).