Honda Takes a Revolutionary Step by Accepting Cryptocurrencies as Payment - COINTURK NEWS
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Honda Takes a Revolutionary Step by Accepting Cryptocurrencies as Payment

2:03 am (63 days ago)
October 3, 2023

Honda, one of the world’s largest automotive companies, seems to have taken a giant leap to be a pioneer. As a result of the partnership with FCF Pay, Honda-branded products can be purchased and used for payments with various cryptocurrencies, including Ripple (XRP) and Dogecoin (DOGE).

Honda and Payments with Cryptocurrencies

The giant company, which is one of Japan’s largest automotive manufacturers, has reached a partnership agreement with FCF Pay for accepting payments with cryptocurrencies. The company also announced that in the future, customers will be allowed to lease or purchase the company’s products using cryptocurrencies such as Ripple (XRP) and Dogecoin (DOGE).

In fact, a visual was shared along with the tweet. In the visual, FCF Pay shared 46 cryptocurrencies supported by the Honda blockchain payment system. Among them are Bitcoin (BTC), Ethereum (ETH), and many other significant cryptocurrencies. The presence of meme coins such as Dogecoin and Shiba Inu was also strongly felt in the list.

Honda Products Available for Purchase with Cryptocurrencies

This revolution carried out by Honda brings to mind the recent NFT news. In an event organized by Honda & Red Bull, one of the closely followed Formula 1 teams, new NFTs were announced.

This event, where the eye-catching NFTs created by Honda were introduced, was carried out in collaboration with Animoca Brands Japan, which continues its activities to support strategies created in the Web3 field.

XRP and DOGE Price

When the prices of Ripple (XRP) and Dogecoin (DOGE) are examined, it can be seen that both cryptocurrencies have correlated with the price of Bitcoin over the past week. Specifically, XRP is trading at $0.51, while Dogecoin is trading at $0.063.

However, when the monthly price movements are examined, the situation is slightly different. XRP has experienced a 5% price increase, and DOGE has a similar price. XRP seems to have regained its price levels before the SEC case in July. In fact, after the SEC case, XRP rose from $0.47 to $0.81 on July 13. After that, it started a downward movement and returned to the $0.50 level.

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