A groundbreaking move has taken place. FCF Pay, a blockchain-based payment processor, announced that HSBC customers can now pay their mortgage loans using various cryptocurrencies, including Bitcoin (BTC), Ripple (XRP), and several other meme coins.
Integration of Cryptocurrencies into Mainstream Finance
This incredible development was announced by the company via a tweet on Tuesday, sharing an important step towards integrating cryptocurrencies into traditional financial services with the world.
The tweet stated:
HSBC customers! We are delighted to announce that HSBC users can now pay their mortgage bills and loans with cryptocurrencies through FCF Pay. Some of the accepted cryptocurrencies for payment include Bitcoin, Ethereum, Binance Coin, Ripple, Doge, Shiba Inu, and many more! Try it yourself!
With this development, a series of moves aimed at integrating cryptocurrencies into mainstream financial transactions followed. In October 2022, FCF Pay facilitated the purchase of Netflix subscriptions and shopping on Amazon using BTC, ETH, DOGE, and other cryptocurrencies, as well as SHIB tokens, through the integration of FCF Pay’s Visa card, attracting incredible attention.
Furthermore, in November 2022, crypto enthusiasts were thrilled by the news that they could use their tokens to purchase plane tickets with American Airlines and Air Canada through FCF Pay’s Visa cards.
The momentum continued until February 2023 when FCF Pay announced the addition of Shiba Inu’s BONE and LEASH tokens as payment options for its virtual bank cards, expanding the range of supported cryptocurrencies beyond Bitcoin.
Increased Adoption of Cryptocurrencies
FCF Pay’s insistence on adopting crypto became more prominent last week with the launch of its “crypto bill payments” system. According to the company’s announcement, this product will enable users to make bill payments with cryptocurrencies to approximately 21,000 companies in the US, including even public administration organizations.
Among these are stablecoins like Bitcoin, Ethereum, Ripple, Shiba Inu, and USDT on various blockchains. The initiative not only benefits crypto enthusiasts but also meets the needs of the unbanked population in the US.
In particular, FCF Pay has simplified the cryptocurrency payment process to just three easy steps:
- Selecting the payee
- Entering invoice details
- Sending the cryptocurrency payment
In addition, the payment process has a quick turnaround time, with the payment initiated, completed, and the transaction finalized within 48 hours. It is worth noting that FCF Pay has expanded its support to various crypto wallets, including centralized exchanges, providing accessibility to a wide range of users.
