Automobile Giant Honda accepts Bitcoin payment

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Japanese automobile manufacturer Honda now accepts huge numbers of flagship crypto assets in the form of payment.

Honda Motor Co., Ltd. is a well-known famous Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment. The headquarters of this company is situated in Minato (Japan). 

Recently Honda established a partnership with FCF Pay, a blockchain payment system. Under the partnership, FCF pay will allow Honda’s customers to lease or purchase Honda products by paying in cryptocurrencies.

Honda customers will be able to pay in more than 45 top crypto assets, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Shiba Inu (SHIB), Cardano (ADA), Polkadot (Dot), etc. 

This shows that the adoption of cryptocurrencies in payment options is surging rapidly at a high level again and this is a sign that we are nearing the next crypto bull run. 

Earlier in 2021 Elon Musk’s electric vehicle manufacturing company Tesla started to accept Bitcoin payment directly & which acted as a catalyst to pump the trade price of Bitcoin to hit $69k.

It is worth it to note that new crypto startups are playing a vital role in the crypto adoption initiatives. Companies are facing huge competition and in this competition, they are doing their best to bring adoption of their crypto services.

Bitcoin price action

The current trade price of Bitcoin is $27,979 & this trade price is 3.63% higher over the last 24 hours. 

Automobile Giant Honda accepts Bitcoin payment 1

In the last 6 hours, the trade price of Bitcoin surged rapidly because of the beginning of this new month. The majority of the people are calling October “Uptober”, a new term in crypto that means the trade price of the crypto assets are going to be up in October.

Read also: Hostile regulatory climate in the US will replace major Crypto companies like Binance, says Kevin O’Leary