CryptoMediaClub
Tuesday, September 16, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Crypto payment option for Honda cars only works via third-party platform

16.10.2023
A A
0
123
VIEWS
ShareShare

Major automobile manufacturer Honda does not accept cryptocurrency payments directly, but people can use cryptocurrencies like Bitcoin (BTC) to buy a Honda car through a third party.

In early October, several publications mistakenly reported that Honda started accepting cryptocurrency as payment. But Honda doesn’t allow the purchase of its cars in exchange for crypto, a spokesperson for the firm told Cointelegraph, stating:

“American Honda does not accept cryptocurrency as payment. The recent reports regarding a change to this policy are incorrect.”

Honda didn’t respond to additional questions on its stance on crypto or whether the company plans to integrate cryptocurrency payments in the future.

While direct crypto payments for Honda automobiles aren’t available, people can still use cryptocurrency payment platforms like FCF Pay to buy a Honda car.

According to FCF Pay chief operating officer Joseph Parkin, Honda isn’t the only car brand that can be bought using crypto on the platform. “There are more car manufacturers on the list, including Mercedes, BMW, Ford, Nissan and Mitsubishi,” Parkin told Cointelegraph in early October.

According to the COO, 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. “In the case of this payment flow, crypto really is acting as digital cash or the cash of the internet,” Parkin said. He added that only those companies that are part of FCF Pay-deployed bill payment aggregation system are currently available.

The service is currently only available in the United States. Still, FCF Pay is working with additional partners to carry out crypto-to-fiat bill settlement in Mexico, several Latin American countries, multiple African nations, and Asia, according to the exec. The bill payments system went live in September 2023, enabling one to buy products using coins like Bitcoin, Ether (ETH), XRP (XRP), Tether (USDT), USDC (USDC) and others for a $3 plus 2% fee.

“Our aim is to onboard companies and corporations of every size and in every sector for direct crypto payments and we hope that governments around the world open their eyes soon to the benefits of making it easier for companies to accept crypto payments,” Parkin stated.

The COO also emphasized that FCF Pay hasn’t entered into a partnership with firms like Honda to enable crypto payments for Honda cars. “Our system allows customers to pay with cryptocurrency, but the nearly 21,000 companies that feature on the system receive fiat via our payment aggregator partner,” Parkin noted.

The news comes amid FCF Pay's struggle to restore its page on X (formerly Twitter) after its account got suspended on Oct. 5. Parkin has linked the suspension to accusations based on the fake news that has been circulating.

Related: Ferrari to accept crypto payments in the US

“We were being accused of claiming partnerships with the companies on our bill payments system, whereas we were actually trying our absolute best to dispel these misrepresentations from other news sources,” the exec said. He added that FCF Pay’s X account encountered a lot of “bot-like interactions” days before the suspension. FCF Pay suggested that the activity might have been an attempt to get the account suspended by competitors or the supporting communities.

FCF Pay’s suspended account on X (formerly Twitter). Source: X

“The good news is that we are actually in the process of rebranding anyway as we lead up to our mobile app release at the end of the year. We may simply accelerate the process to switch over to the new branding if the FCF Pay account doesn't get unblocked soon,” the COO stated.

Magazine: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report

Share9Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
BTC Price Nears $28K, Riding High on ETF Expectations. Will it Sustain?

BTC Price Nears $28K, Riding High on ETF Expectations. Will it Sustain?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Floki Holders Are Flocking to This Crypto Casino Project – 100x Possible in 2024?

Floki Holders Are Flocking to This Crypto Casino Project – 100x Possible in 2024?

1 year ago
South Korea Launches Tokenization Pilot for Tax Refunds

South Korea Launches Tokenization Pilot for Tax Refunds

10 months ago
Stunning Survey: 42.8% of Korean Traders Predict SOL Downturn in March

Stunning Survey: 42.8% of Korean Traders Predict SOL Downturn in March

7 months ago
Solana Bridge Quantity Surges to All-Time Excessive of Over $10 Billion

Solana Bridge Quantity Surges to All-Time Excessive of Over $10 Billion

7 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

If OCC grants Ripple a national charter, does RLUSD sideline XRP or supercharge it?

Circle Prepares to Launch Native USDC in Hyperliquid Blockchain Ecosystem

Hyperscale Data Announces $100M Bitcoin Treasury as Company Pivots to AI and Digital Assets

Native Markets Becomes Issuer of Hyperliquid’s Stablecoin USDH

XRP Whales Dump 40 Million Tokens, While Retail Investors Turn to DOT Miners

Tether Launches U.S. Dollar Stablecoin for Domestic Market

Trending

Bitcoin Price Prediction: PayPal Boost, $73B Strategy Bet, and $119.5K Target
All news

Bitcoin Price Prediction: PayPal Boost, $73B Strategy Bet, and $119.5K Target

16.09.2025
0

Bitcoin is currently at $115,262, with a daily volume of $53 billion, remaining steady despite mixed regulatory...

Ethereum Treasuries Set to Outperform Bitcoin and Solana as DAT Shakeout Looms: Standard Chartered

Ethereum Treasuries Set to Outperform Bitcoin and Solana as DAT Shakeout Looms: Standard Chartered

15.09.2025
France Threatens to Block EU-Licensed Crypto Firms, AMF Pushes for Centralized Oversight: Report

France Threatens to Block EU-Licensed Crypto Firms, AMF Pushes for Centralized Oversight: Report

15.09.2025
If OCC grants Ripple a national charter, does RLUSD sideline XRP or supercharge it?

If OCC grants Ripple a national charter, does RLUSD sideline XRP or supercharge it?

15.09.2025
Circle Prepares to Launch Native USDC in Hyperliquid Blockchain Ecosystem

Circle Prepares to Launch Native USDC in Hyperliquid Blockchain Ecosystem

15.09.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz