Honda Now Accepts Bitcoin and Ethereum As Payment Methods - page 2.

EluguHcman

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Quote from: EFS on October 05, 2023, 10:18:31 PM

We are not in 2013 anymore, these news should be considered very normal. We should question why other companies still don't accept Bitcoin, it isn't difficult to do. This is a positive situation for both the selling company and the consumer. If there are no legal obstacles like in our country, it can be easily done in every sector and offered to the consumer as an alternative payment method.
I hope we can find out how many people actually bought Hondas with Bitcoin. I'm curious about the statistics that will emerge. In which countries is FCF Pay available? If it's only available in Japan, this news doesn't mean much. They need to integrate a payment system used worldwide.

My dear, valuable update is tends to be valid as long its continuously spreading is to further its broadcast to the reach of who haven't learnt of it.
I strongly believe that a lot of us here learnt of it through this thread creation and if the BTC payment method acceptance is only capitalized to Japan, then there are importers who can be beneficial front the process atleast BTC acceptance is additionally growing to greater height on that note.
Talking about its brand nation wide integration to accept the BTC payment method, I think the fact of Banned, Suspended or the illegality pronouncement usage of the BTC in most nation is highily considered.

Jatiluhung

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To be honest, right now I don't even want to shop with the bitcoins I have. But maybe when the price of bitcoin has passed ATH and when I want to enjoy a little of the profits that I have then that might be the right time to try buying something with bitcoin. Purchasing a vehicle from Honda would probably be quite good. Grin

And this news at least has a quite positive impact at a time when the price of bitcoin is currently increasing. Maybe other vehicle manufacturers should follow Honda. Grin

DaveF

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Not a big deal. There have been crypto -> bill pay things for a while now. The only difference here is that instead of the bill payer just doing it they are partnering with the vendor directly.

I saw the announcement early this week and did not even think anyone would really care since you could already pay most (all?) car loans and leases though FCFPAY anyway.

-Dave

Kakmakr

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Now this ====> "third party partnership" is the problem with projects like this. Those companies never see the actual bitcoins, because it is converted through payment processors to Fiat currencies.. almost immediately. (so what is the use... marketing gimmick)

The second thing is.... Who are really paying for cars and motorbikes with their bitcoins? Everyone are hoarding their damn coins, in the hope of 800x profits.... and nobody wants to use it as a currency. ( I will buy lunch .. but not a car or bike, because that vehicle might cost you $80k now... but when Bitcoin hits the Moon..... then those bitcoin might be worth $800k) Roll Eyes

Peanutswar

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This is great news many people right now use a cryptocurrency and I'm just wondering it is an overall Honda I mean there's a different variant of it in the market like Honda Big bikes, small bikes, and even cars, if they are adopting this sure another competitor will agree to have this kind of mode of payment but seems in my country they will take a lot of time to accept this because the market of crypto is volatile it's a big loss to them if someone bought bitcoin and then the market crash, still a lot of things need to consider with it. If there any chance im fan of bikes so hopefully the Yamaha or the Kawasaki have this kind of payment too.

Mr. Magkaisa

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Quote from: Bitstar_coin on October 04, 2023, 09:49:29 AM

Quote from: benalexis12 on October 04, 2023, 09:37:22 AM

Well, honestly, I like the Honda brand because the quality of their brand is good, although for now I don't have a 4-wheel Honda, but I have a Honda motorcycle. I've been using it for a long time, about 13 years. I haven't opened the engine yet, but all I do is take care of the oil and other parts. I have traveled to faraway places.

Is what Honda did universal in all countries? Does that also mean that even here in our country, it is also implemented in other ASEAN countries? Although the work they did is good, it doesn't seem to have much impact on the market, although they added Bitcoin and other cryptocurrencies to the payment options.

The most important point in this news for me is the awareness or putting btc in the spotlight. Of course not many btc holders will be willing to part with their treasure to by a car that won't give you future value unlike how btc would. But knowing that btc is at that stage where you can decide to buy a car with it is a big deal. Something nobody ever thought would be possible 10 years back. This is a huge achievement considering we're btc started and all the negativity surrounding it.

Although the article did not elaborate much about the countries in which this will be accepted since Honda is a world brand. But it will however spread to more countries keying into the idea. The btc community wants mainstream adoption and I believe this and many more like this will pave way for that so-needed adoption.

- Of course, in these circumstances, will you use Bitcoin or Ethereum to pay when you buy something from the Honda company that,
by next year, will have a Bitcoin halving and bull run? Obviously, we as holders will not waste our holdings of Bitcoin or Ethereum in our wallets. We will wait for the halving and bull run first so that we can eat some profit during those periods of bulls.

Although the only good news is that a giant company has adopted Bitcoin and cryptocurrency in their company, Until then, maybe someone will only use that kind of Bitcoin payment when the bear market is back again and the bull run is over.

BitcoinTurk

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Under normal circumstances I wouldn't give much credence to the news that big companies would accept payments with cryptocurrencies because such news is usually shared by unreliable sources. However, when I checked this news I saw that the content was shared by Binance and I was very happy with it. Cryptocurrencies have now begun to be preferred by many big companies and this will expand the usage area and allow more people to access cryptocurrencies.

Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

1) 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?

No, Honda has never been a car company I prefer because I don't like the interior and exterior design of most of it's cars. I definitely don't want to spend my current cryptocurrency savings on Honda cars especially by paying with cryptocurrency. Maybe this may vary for motorcycles.

Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

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

Of course Ferrari Roll Eyes

Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

3) Is this news big enough to trigger market uptrend in the coming weeks, months?

This news may, of course, affect the upward movement of prices in the cryptocurrency markets, but it will not have a serious impact unless it is clearly accepted as a payment method. When Bitcoin or other cryptocurrency options begin to appear on the payment screen, we can see a rapid upward movement in prices.

Sayeds56

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Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

*Is this news big enough to trigger market uptrend in the coming weeks, months?

Certainly, it is a positive and encouragement development and step forward towards adoption of cryptocurrencies when a giant car manufacturing company like Hona decides to accept Bitcoin and Ethereum as method payment for their vehicles. This move not only simplifies transactions for customers but also has potential to boost their sales. Hopefully, more companies will follow this convenient method of payment which will certainly contribute to the overall expansion of cryptocurrencies acceptance in the business world.

NeilLostBitCoin

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Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

*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?

If it is more convenient, wise, or cheaper to use on buying a car than cash, why not?

Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

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

All the automobile companies would be great.

Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

*Is this news big enough to trigger market uptrend in the coming weeks, months?

It's not big enough since some companies have not yet accepted it, though it's excellent news since we can accumulate more Bitcoin and Ethereum before the market uptrend.

EFS

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We are not in 2013 anymore, these news should be considered very normal. We should question why other companies still don't accept Bitcoin, it isn't difficult to do. This is a positive situation for both the selling company and the consumer. If there are no legal obstacles like in our country, it can be easily done in every sector and offered to the consumer as an alternative payment method.
I hope we can find out how many people actually bought Hondas with Bitcoin. I'm curious about the statistics that will emerge. In which countries is FCF Pay available? If it's only available in Japan, this news doesn't mean much. They need to integrate a payment system used worldwide.

TelolettOm

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Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

Honda the giant of Japanese automobile now accept bitcoin and ethereum for payment through a third party partnership deal with a blockchain payment system called FCF Pay.

It is great news, hopefully will bring big impacts on the Bitcoin and crypto as a whole.
Honda is one of the biggest company in the automotive field. It has very big market in the world, especially in Asia. So when it allows people to use Bitcoin or Ethereum for the payment, there are probably many people to support the idea. We know that many people are holding cryptos in Asia, they are available to use it for paying their favorite cars/motorcycles from Honda now. However, I'm sure it will adjust the regulation on the countries that Honda sells their products. People only can buy Honda products with BTC or ETH in the countries that legalize crypto as payment tools. It the country prohibits crypto for payment purposes, people still can't buy Honda products with BTC/ETH.

Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

*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?

Of course, I will. But it is impossible because we can't use crypto coins for payment purposes in my country.

Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

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

I expect all top automobile companies to accept it. It will make people easier to pay for the products or services, specifically for people who hold crypto coins.

Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

*Is this news big enough to trigger market uptrend in the coming weeks, months?

If other automobile companies follow it as well, it probably can trigger the uptrend on Bitcoin/Ethereum. However, I don't know how significant it will influence the raise of Bitcoin or Ethereum prices.

KennyR

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Honda had partnered with FCF pay. Already they're a trusted service provider in the country which supports transaction on bitcoin, ETH, XRP with other memecoin Shiba and Dogecoin. Allowing customers to buy with cryptocurrency by Honda makes themselves on the lead getting adopted to the technology advancement on the automobile industry.

Already banking service provider HSBC have partnered with FCF pay which is a big thing. They have given the choice for its users to pay their mortgage and loans in terms of specific cryptocurrencies. This is really good to see cryptocurrency usage on the banking industry. Increasing acceptance have made service providers to stay active in technology and the same had paved path for connection between the traditional system with cryptocurrency.

dezoel

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That's a bold move, indeed. Honda understands that the world is changing, and for them to stay ahead of the competition, they will need to offer what the public loves. It probably has understood that Bitcoin is one of the most trending topics in the world right now, and people obviously love investing in or holding Bitcoin and they will most probably also love to spend their Bitcoins for buying stuff, and Honda wants to make sure that they become the leader in the industry to accept Bitcoin and cryptocurrencies as a payment for their products.

This move will surely make other companies at least think about the possibility of adding Bitcoin or other major cryptocurrencies in their payment methods so that they can also extend their user base and include those who are willing to spend decentralized cryptocurrencies for their purchases.

harapan

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Quote from: bitmover on October 02, 2023, 11:55:38 AM

Nice find!

Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

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

Tesla! Lol

Quote

*Is this news big enough to trigger market uptrend in the coming weeks, months?

Well, the news comes in a good moment. Bitcoin is already going up for a few days. This news won't trigger alone a bull run, but it may push this small run a little forward
[/quote

Definitely! It's a big win.
It's paving way for lots of opportunities to unfold.

royalfestus

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I don't always want to come across as opposing market and trade decisions made by organizations as the bull market approaches. Often, these decisions tend to halt once the bull market subsides. Instead, why not consider postponing the purchase of those cars until after the bull market? This strategy aims to preserve their income in Bitcoin as its value continues to rise.

Ever-young

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Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

*Is this news big enough to trigger market uptrend in the coming weeks, months?

The news will be considered big base on how the people react to it, Honda is big company that’s worth a lot. accepting bitcoin as another added means of payment in Honda is a big news but I don’t think is big enough to trigger a market pump as I believe there should be more to a news like them investing heavily on bitcoin that the kind I believe can causes a positive price in the market.

The company has started accepting bitcoin has a means of payment but how many people already have that bitcoin that will want to spend it and buy a Honda product, are there some discount amount for any one who want to buy using bitcoin which could trigger lot of people to acquiring bitcoin and using that to buy Honda, and with the rise in demand as a result of this might be what can make us experience high price in bitcoin any different from this, I see it as something which is a good news to the community as adoption is increasing but I don’t see price going up by the news.

Broly46

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It is definitely positive, hopefully they would make it a long term goal, not unlike Tesla which scrap the deal as soon as the value of coin begin to plummet. If you notice the btc price now on the upward trajectory, more and more companies would adopt it too.

Crypto Library

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Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

As the Heading implies. Honda the giant of Japanese automobile now accept bitcoin and ethereum for payment through a third party partnership deal with a blockchain payment system called FCF Pay.
Honda not only taken the bold step of accepting crypto as payment option, also managed to expand their already huge user base with this important development.

Source

Wow, that's great news, although there is no surety that what's going to do they next. Earlier we were seeing, a whale company was going to accept crypto currency as payment and after some time stopped accepting it as payment. Once accepting cryptocurrency as payment and once they shutting down this payment system. However, if they stay with their decision, I think it will have a good effect on the cryptocurrency market.

Quote

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?

First of all I don't have that amount of BTC for buying any car and second cause is cryptto currency is still illegal in my country. But if I have those fund I mean Bitcoin, then I will not buy any car in this current time. Because halving is on the corner. Grin

Quote

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

I don't have any words for this because nothing is going to happen for the illegalisation in my country. But I hope all giant companies will gradually come here and accept as payment.

Quote

*Is this news big enough to trigger market uptrend in the coming weeks, months?

I don't think so, this can trigger the market a little bit but I think for the Bullrun(if you mean that) we have to wait for Bitcoin halving.

cabron

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The car industry is in turmoil afaik. Buying a car right now while the governments are trying to implement ESG policies will probably be problematic for you soon when they are trying to phase out cars with high carbon emissions to give way for the EVs.

So timely though that Honda of all time, they are accepting BTC while the price is low. With the BTC they will receive these days and they hold, their profit will be more than 3x if they wait for the bull run.

Antotena

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Quote from: Bitstar_coin on October 02, 2023, 11:31:49 AM

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?

Nice strategy from Honda company I must say. They will get more customers seeing this options but I hope they know how to check for stolen BTC and Ether, I'm afraid that hack bitcoin from many years ago will be launder through this except they want to verify the source of this coins and since mixers don't accept some deposit, it will impossible to launder.

What I'm sceptical right now is why Honda decide to do this now. Maybe this is just a coy to get more BTC and ETH and then sell when the bull run comes by and then disappear again like the way Tesla reject btc acceptance some time ago.

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