Honda Doesn't Accept Direct Crypto Payments, But There's A FCF Pay

FCF Pay bisa untuk membeli mobil Honda. (foto: twitter @FCFbull1)

In early October, several publications mistakenly reported that Honda began accepting cryptocurrencies as payment. However, Honda does not allow the purchase of its car at crypto exchanges, as explained by the company's spokesperson.

"American Honda does not accept cryptocurrencies as payment. The latest report on changes to this policy is not true," Hinda was quoted as saying by Cointelegraph. Honda did not respond to additional questions about their views on cryptocurrencies or whether the company plans to integrate cryptocurrency payments in the future.

Although direct cryptocurrency payments for Honda cars are not available, buyers can still use cryptocurrency payment platforms like FCF Pay to buy Honda cars.

According to FCF Pay chief operating officer Joseph Parkin, Honda is not the only car brand to buy with cryptocurrencies on the platform. "There are more car brands on the list, including Mercedes, BMW, Ford, Nissan, and Mitsubishi," Parkin was quoted as saying by Cointelegraph in early October.

He said that payments via FCF Pay were completed by payment aggregators through the same payment path that would allow cash payments at the bank branch. "In this payment flow, cryptocurrencies actually act as digital cash or internet money," Parkin said.

He added that only companies that are members of the FCF Pay bill aggregation system are currently available.

This service is currently only available in the United States. However, FCF Pay is working with additional partners to implement cryptocurrency bill settlements to fiat in Mexico, several Latin American countries, several countries in Africa, and Asia, according to the executive.

The bill payment system launched in September 2023, allowing the purchase of products with coins such as Bitcoin, Ether, XRP, Tether, USD Coin, and others at a cost of $3 plus 2%.

"Our thinking is to accommodate companies and corporations of each size and in each sector in order to accept direct cryptocurrency payments, and we hope that governments around the world will soon realize the benefits of making it easier for companies to accept cryptocurrency payments," Parkin said.

The executive also stressed that FCF Pay does not forge partnerships with companies like Honda to allow cryptocurrency payments for Honda cars. "Our system allows customers to pay with cryptocurrencies, but nearly 21,000 companies in the system receive fiat through our payment aggregator partners," Parkin said.

This news emerged in the FCF Pay situation struggling to return their page on X (formerly called Twitter) after their account was suspended on October 5. Parkin linked the suspension to allegations based on false news circulating.

"We are accused of claiming to partner with companies in our bill payment system, when in fact we are trying very hard to refute this false statement from other news sources," the executive said.

He added that the X FCF Pay account experienced many "bot-like interactions" days before the suspension. FCF Pay proposed that the activity might be an attempt to get their account suspended by competitors or the support community.