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Honda Relys on Third-Party Platform For Crypto Payments

Many publications at the start of this month mistakenly pointed out that the platform began accepting crypto for payments however it does not directly permit this.

ShahZaib Ahmed

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Honda car payments

Prominent automobile manufacturing company Honda does not directly accept payments in cryptocurrency however people can utilize crypto through 3rd parties. Many publications at the start of this month mistakenly pointed out that the platform began accepting crypto for payments however it does not directly permit this. The latest reports signify that the firm does not allow its clients to buy the cars for cryptocurrency.

Honda Just Facilitates Indirect Crypto Payments for Its Cars Through 3rd Parties

A spokesperson from the company disclosed that the Honda platform in America does not embrace crypto for payments. The spokesperson clarified that the recent reports discussing a modification in the respective policy are not correct. In addition, the firm did not even provide its stance on enabling payments in crypto in the future.

Also Read: Ferrari Accepts XRP, ETH, and BTC for Payments

Even then, people can utilize crypto payment companies such as FCF Pay to purchase a Honda car. Joseph Parkin, the chief operating officer of FCF Pay, commented on this. He said that the automobile manufacturer is not the sole brand where people can carry out crypto payments for buyouts. As per him, the other car companies take into account Mitsubishi, Nissan, Ford, BMW, and Mercedes.

Users Can Utilize FCF Pay to Buy out Cars with Cryptocurrency

According to the executive, FCF utilizes a payment aggregator to settle a payment via the analogous payment rails. Parkin added that they permit a person to repay cash payments in banks. In such payment flow, cryptocurrency plays the role of digital cash. The executive asserted that the just such firms that are included in the aggregation system of FCF Pay for the bill payments are presently available.

Only the consumers in the United States can benefit from the respective service. However, the company is endeavouring to operate with more collaborators in Mexico for bill payments from crypto to fiat. The respective system enables a person to purchase products with the use of tokens such as XRP, ETH, and BTC.

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