"Such a surprise!" I thought when I saw the topic title. But when I began to study this issue a little deeper, my admiration began to rapidly diminish.
What do we have as a result? Honda began accepting cryptocurrencies through an intermediary, FCF Pay, which takes a commission of Flat fee of 3usd + 2%.
Who are FCF Pay (French Connection Finance)? FCF - is a dividend-generating cryptocurrency that operates on the BNB network (now it’s clear why this news was published on Binance Feed). As it turned out, Honda is not their only partner and this platform provides intermediary services to more than 20,000 counterparties.
The question arises: why is Honda (as well as many other partners of FCF Pay) unable to accept cryptocurrencies directly as payment for its products (auto\motorcycles, leasing, rent), but needs the services of intermediaries, like FCF Pay? Cryptocurrencies are designed in such a way that there is no need for intermediate platforms between the owner (crypto owner) and the seller (of goods and services) and they can interact directly, that is, p2p. Where p1 is crypto owner, and p2 is seller.
Even with these problems, it became possible to buy cars and motorcycles from a famous brand like Honda for cryptocurrencies, which is already a very good event.
What do we have as a result? Honda began accepting cryptocurrencies through an intermediary, FCF Pay, which takes a commission of Flat fee of 3usd + 2%.
Who are FCF Pay (French Connection Finance)? FCF - is a dividend-generating cryptocurrency that operates on the BNB network (now it’s clear why this news was published on Binance Feed). As it turned out, Honda is not their only partner and this platform provides intermediary services to more than 20,000 counterparties.
The question arises: why is Honda (as well as many other partners of FCF Pay) unable to accept cryptocurrencies directly as payment for its products (auto\motorcycles, leasing, rent), but needs the services of intermediaries, like FCF Pay? Cryptocurrencies are designed in such a way that there is no need for intermediate platforms between the owner (crypto owner) and the seller (of goods and services) and they can interact directly, that is, p2p. Where p1 is crypto owner, and p2 is seller.
Even with these problems, it became possible to buy cars and motorcycles from a famous brand like Honda for cryptocurrencies, which is already a very good event.
It would have been better if Honda was using BTCPay to accept Bitcoin directly. It seems unlikely that mainstream companies with multi-billion dollar market caps will start adopting Bitcoin in any significant way. Instead we occasionally see a few companies use custodial crypto to fiat payment gateways where Bitcoin is an option along with a dozen or so scam tokens. As long as it gives Bitcoin some utility and legitimacy it's an overall good thing I suppose but there is still a long, long way to go before we see Bitcoin being accepted without intermediaries by these large corporations.
