Topic: Honda Now Accepts Bitcoin and Ethereum As Payment Methods - page 3. (Read 710 times)

A news that Honda Company is accepting crypto has got the crypto community in the world very excited. The company has a wide reputation all over the world. But in this age of technology, everyone has a competition to make their products better, but people's demand for products that will provide some other benefits increases. Some will eagerly try to purchase products from the company receiving their cryptocurrency. The craze for accepting payments in Bitcoin and Ethereum has also created a huge buzz in the crypto space where a large number of people will be interested in learning about their products. This news will have a positive impact on the price of Bitcoin. This is a happy news for those who love BTC or love the crypto space. But even if there is a buying opportunity, I will not try to buy products with bitcoin because I prefer it for holding for the time being.

Yes, many campaigns will soon start accepting bitcoin as a means of payment. But this may not have the same impact on bitcoin as it did in 2020-2021 when Musk announced that Tesla accepts bitcoin. Now this is a highly anticipated event that should happen in the next six months to a year, given the growth rate of the crypto industry

If this also apply to Philippines, this is literally a good news. Cause there would be less hassle to convert your digital funds to fiat money as payment for buying motor vehicle or any transactions at Honda. I think that's the first step of Honda company for accepting the technology since they are aware that people much prefer to use digital currency. It would be like the first bank here accepting crypto in their side which literally gives them a high rating especially back way at pandemic. If Honda doesn't expected to have a lot of people using it, for sure people would be curious and would do research about Bitcoin why is it possible to use as payment.

You did not closely inspect the news source and also the replies on your own thread.

The article cites in which country it is supported, and there is a reply in this thread that addresses it.


You better update it on OP since most users also did not dig deeper about the linked sources and this thread replies, so they still asking about in which country the cryptocurrency payment option is available. Lastly, this kind of news is surely spread the awareness of the current state bitcoin adoption, but we must remind that this does not depict the whole picture of Honda directly favour and accept cryptocurrency payments.

This is really a great news for Bitcoin users.  Honda Company's bold move to accept crypto as a payment option will hopefully take Bitcoin and Ethereum one step further. Although we are well aware of Honda Company's success. So hopefully the acceptance of Bitcoin is a good indicator that the currency has a good future in the short and long term. I  Personally prefer Honda brand because I have Honda band motorcycle and quality of this brand is good.

It's good news that Honda is now accepting cryptocurrencies, of course they have done a long analysis so they decided to accept bitcoin, ethereum and so on, hopefully this can be a trigger for other global companies to accept bitcoin so that the hope of seeing prices skyrocket can happen soon.

Japan is traditionally a specially friendly jurisdiction with Bitcoin (by comparison with others, not in the way El Salvador is), so it is not really surprising taking into account that it is where Honda is incorporated. But there are many different jurisdictions where it could also work, so I hope that the pilot works and it is brought to different countries soon.

Not for me, because I agree that hodling is the intelligent decision here, but for the impact that it could have in Bitcoin's adoption.

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.

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.

This is very good news. Tesla owner Elon Musk has previously heard that Tesla will accept Bitcoin payments.  This is the second time it has been heard that Honda is accepting Bitcoin. Bitcoin has really gained a lot of popularity and these factors give a better indication of how Bitcoin is a potential currency of the future. automobile company accepting payments through Bitcoin is good news for Bitcoin users. But this is the happiest news for those where Bitcoin is used as a legal currency.

Maybe Honda only for now but Tesla also bitcoin friendly

It is definitely a good news but it is not possible to say for sure how much this news will have a positive impact on the market. But to some extent, a positive impact can be seen in the market.

It's a good sign that when such adoptions occur in a bear market, things should be even more positive in a bull market. Musk once started selling Teslas for Bitcoins, but later canceled this opportunity due to the environmental aspects of Bitcoin mining.

Now that other manufacturers follow Honda's example, Musk will have no choice but to return Bitcoin to possible payment methods. I used to think that competitors would follow Musk’s example, but now everything may turn out to be the opposite.

This will increase the bullish sentiment in the bitcoin market. September was already a good start for bitcoin. It manages to be on the positive side and this news shows that real adoption has begun. Honda is a giant automobile companies and their footsteps in the bitcoin market can make other tech giants more confident to embrace these economic changes.

This is good news and at the right time to cause huge use of bitcoin. I think hodlers of bitcoin won't find it difficult to spend their coin on buying luxury cars rather than making huge payment of fiat to buy car. This is good and more giants in the automobile industry will follow what Honda has done. This is huge adoption news and more like this will cause the price of bitcoin to rise and its value also. I hope Honda continue this adoption move so that more financial institutions will be encouraged to come in.

I was also very surprised by this extraordinary big step from this Japanese manufacturer. Because Honda car products are already very well known and widespread in the world, this will probably make the Honda manufacturer even better and more famous after making their wish to accept payments in Bitcoin and Ethereum for their products.

This depends on each person's personal use of the Bitcoin they already have. Because if someone's affection for Bitcoin is very big, I think it will always be difficult for that person to exchange Bitcoin for anything, including luxury cars. However, this decision that has been made by Honda will probably be followed by their competitors in the future in order to continue competing in a healthy way, because Honda has many competitors in terms of luxury car production.

I prefer Mitsubishi and Toyota, because these two manufacturers also often make very attractive luxury cars so it would be very interesting if these two car manufacturers wanted to follow in Honda's footsteps in terms of accepting Bitcoin and Ethereum as payment methods.

It could be that it will trigger a good wave in the market for Bitcoin, but for now I'm just surprised by this news and don't remember the price of Bitcoin which might have a good effect on increasing prices in the market. But if the news could be a good trigger for a price increase, I would also be quite happy to see it and most other people would probably also be very happy with this news if the price increase could actually occur in the near future because of this.

Yeah, it's going to be a slow phase though, but someone has to start somewhere, and it's good that Honda started this trend. And maybe when we are in a bull run, there could be more going to accept Bitcoin and any other crypto for that matter.


We really don't know what the future will bring, so it's a wait and see moving forward. But we all know that Bitcoin is moving ahead, specially that we will have the halving next year. So it might create more hype and again, not just Honda, there could other sector as well who will adopt crypto as one of their payment methods.

Even if that news is quiet not creating any hype still its good since its can be consider as another greats step towards huge adoption. Honda is big company so most provably the cryptocurrency acceptance they have done will create some noise to those crypto mentioned and high chance that other competitors will look at it then add this as their accepted currency. We shouldn't always look at the price impact since what Honda do can affect good for bitcoin and Ethereum for long term.

We don't know what will happen to it yet and if bad times happen or no demand created towards their adoption then they might remove that but if there sales increase due to huge numbers of cryptocurrency users pays using crypto then for sure they pursue this adoption.

      This is wonderful news because company cars are well known all around the world. But perhaps I'll continue to use our money if I can afford to buy a Honda car. Especially in current times, I wouldn't pay for Bitcoin, Ethereum, or any other cryptocurrency.

      You understand what that means; doing that these days is not practical. Just consider how much Bitcoin is currently worth before the market price spikes to $100,000. That's the amount of regret I'll undoubtedly have.

I just read the news, and eventhough it is a very good news, it seems the article lack many details, like in what countries the Honda Company will actually accept crypto. I mean Honda is a worldwide brand, and it's one of the biggest brand in my country, and probably in many other countries too, but same as my country there are many others countries where Crypto is not legal tender and accepting payment with crypto is still illegal. I just wish the article could put those details.

I'm not saying that the news isn't good, but far from anyone needing to get too excited about it, because we see from past similar events that people are simply not interested in using Bitcoin as a means of payment. Such news has had almost no impact on the market before, and I doubt that it will have any impact now, either in the short term or even less in the long term.

In a year or maybe less, the news will appear that Honda has decided to remove that option, either because someone will suggest that Bitcoin is "harmful to the environment" or simply because no one will use that payment method. It sounds pessimistic, but unfortunately it is the reality.

It would have been a good news if Honda automobile is the one directly accepting Bitcoin and Ethereum payment for the purchase of it cars, but that's not the case. One problem cryptocurrency tends to address is the elimination of an intermediary, so why contracting a third-party agent called F2P pay to receive the purchases of cars in Bitcoin and Ethereum? It doesn't make sense and it goes against everything cryptocurrency represents. I don't see anything worth celebrating and I doubt if this news can cause the price of Bitcoin to spike.