Bitcoin Forum

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As the Heading implies. Honda the giant of Japanese automobile now accept bitcoin and ethereum for payment through a third party partnership deal with a blockchain payment system called FCF Pay.
Honda not only taken the bold step of accepting crypto as payment option, also managed to expand their already huge user base with this important development.

Source (https://www.binance.com/en/feed/post/1244516)

With such an opportunity to spend btc to buy luxury cars-
*Will you be willing to spend your btc to buy car from Honda? Or any other automobile company that will follow the Honda's part?

*Which other automobile company would you want to also accept btc for payment?

*Is this news big enough to trigger market uptrend in the coming weeks, months?

Nice find!


Tesla! Lol


Well, the news comes in a good moment.  Bitcoin is already going up for a few days. This news won't trigger alone a bull run, but it may push this small run a little forward

No, Bitcoin is my investment and I definitely don’t want to exchange it to a liability such as car that depreciates value over time. Exchanging fiat to Bitcoin will charge tons fee considering the amount involved is equals car value.

I’d rather use fiat or car loan to pay it slowly instead of liquidating my Bitcoin investments just to purchase car. This payment method is interesting if they can provide discounts exclusive for Bitcoin payment. With this benefits, I might spend my Bitcoin but in terms basis not one-time payment because I value my Bitcoin investments.

In which country it is happening? I am sure Honda cannot extend such crypto support in all countries they operate. Government regulation plays a big role here. So while it's a good news that Honda has started accepting cryptocurrency payment it's Limited to some certain countries.

But honestly it doesn't make sense to spend cryptocurrence is like Bitcoin to purchase a liability asset like a car.

I read Honda's success story and how it started from a problem between the founder and his wife and how the company developed thanks to the research and development department. The only constant in this company is its awareness of the value of future things before they happen and their acceptance of Bitcoin is a good indicator that the currency will have a good future in the short and long term. I did not read the reason for acceptance. Whether they will keep Bitcoin directly or whether they will convert it into dollars in their bank accounts.

Does it include all Honda dealers and all industries as Honda bikes?

Is not as if they're jettisoning the idea of paying with your fiat, is it just that they are giving you an extra option of saying you can as well use your ethereum or your bitcoin to buy their cars,  I believe  they are just doing all of this to ease their payment structure inline with the modern reality.
I still believe they have the option of installmental payment because virtually every dealer has that option, but for them to bring in cryptocurrency payments options, it's a plus and something we should applaud.

Could this news be behind the little spike between yesterday and today? It's hard to say but after a long time of monotony I saw that spike and thought it might be related to some news, now I see this.


This is something I would like to know too.


I think exactly the same, and I would add another thing: the payment is going to be KYC, so if you have bitcoin without KYC and you want to keep your privacy, there is no way you are going to pay with bitcoin for a liability. But this is good because it gives bitcoin publicity, it normalises it.

One of the biggest automobile maker into bitcoin acceptance is good news, but I expect this need to last for longer. In recent days we were able to see more services accepting bitcoin into their businesses. Very few continue the acceptance whereas the majority end bitcoin acceptance as they don't get the calculated profit as well as the increased userbase. Very few prefer buying car with bitcoin, because of the volatility. It is the same world where an African citizen arrested for buying Ferrari with bitcoin. Man Buys Ferrari With Bitcoin, Gets 18-month Prison Sentence (https://blockworks.co/news/prison-time-buying-car-with-bitcoin). Honda need to provide every form of support, if not the cryptocurrency acceptance will ruin the reputation of the company.

I am also curious as to which country does this Honda shop accept BTC as payment. Though I do understand that they are independent car manufacturers, it still depends on the country's laws and regulations if they allow BTC as a system of payment method for their products and cars.

While this may be true, I do think that this puts BTC in a good light if they have the support of the Japanese car manufacturer. If they view BTC as something that should be used as a payment method, then this may inspire other car manufacturers as well to accept or at least consider BTC and ETH as respective payment methods for their products.

In Japan I guess according to the article, since this is very new I believe it will only be within that location until maybe other countries government decided to expand their options and embrace crypto transactions legally.

Indeed this is a good news to every bitcoiner and car lovers to make purchase of their specific car brand under Honda, we should know that this brand name has a global high ranking and recognition among the top best people mostly preferred when it comes to car brands, bitcoiners can have easy access to also make purchase of their varieties under this product brand each time they wanted to make purchase of a car, am excited to see that the most top brands names and organizations are taking necessary steps towards the acceptance of bitcoin in making payments, bitcoin indeed is revolutionizing the entire economy.

"Such a surprise!" I thought when I saw the topic title. But when I began to study this issue a little deeper, my admiration began to rapidly diminish.

What do we have as a result? Honda began accepting cryptocurrencies through an intermediary, FCF Pay, which takes a commission of Flat fee of 3usd + 2% (https://twitter.com/fcfpay/status/1707004391805383034).

Who are FCF Pay (French Connection Finance)? FCF - is a dividend-generating cryptocurrency that operates on the BNB network (now it’s clear why this news was published on Binance Feed). As it turned out, Honda is not their only partner and this platform provides intermediary services to more than 20,000 counterparties.

The question arises: why is Honda (as well as many other partners of FCF Pay) unable to accept cryptocurrencies directly as payment for its products (auto\motorcycles, leasing, rent), but needs the services of intermediaries, like FCF Pay? Cryptocurrencies are designed in such a way that there is no need for intermediate platforms between the owner (crypto owner) and the seller (of goods and services) and they can interact directly, that is, p2p. Where p1 is crypto owner, and p2 is seller.

Even with these problems, it became possible to buy cars and motorcycles from a famous brand like Honda for cryptocurrencies, which is already a very good event.

I would love to do that as it will surely make some news in the place and might even get into the headlines, possibly.

I remember that it should be Tesla to be the first one to do this bold step but they just didn't and took their part only on it for being an investor.

Toyota.

Maybe, Honda is such a big company and they've got a lot of branches worldwide. But I don't think that there will be such demand that will come from their car sales through crypto payments.

Saw this on X (twitter) and was like wow, what is Elon Musk waiting for? There are  people like me waiting for Tesla cars to start selling in bitcoin before we can give an interest in purchasing it. Lol. ;D

I wouldn't stack and hodl BTC over the past years just to use it all in purchasing a car, I'll rather buy a house of mine with btc at this phase, maybe in time to come i may see cogent reasons to expend my crypto on car's.

I welcome the initiative of Honda company but IMO, cryptocurrency like bitcoin and ethereum are value growing assets and should be expended on things and products that adds value over time. At least not for now.

Tesla already has competition and the Tesla boss will make something more if the decision to accept approximately 46 types of crypto including Bitcoin is successful.
Later it will be a positive thing that can trigger the market trend to rise. It would be better if it happened at the same time as the SEC's ETF approval decision.

In the near future, it is not certain that a large-scale increase will occur — it is still gray, but the acceptance of bitcoin and 45 other cryptocurrencies in purchasing their products could be an opportunity for increased market prices.

If someone doesn't want to use bitcoin to purchase Honda products because bitcoin is an investment asset, there are still other cryptocurrencies that are allowed. With the many types of cryptocurrencies that are accepted, Honda, in my opinion, is aware that if they only accept bitcoin in payment, there will be problems and the problem may be that consumers find it difficult to spend bitcoin.

The only subtle nuance that has not been disclosed is that Honda accepts cryptocurrency on its crypto wallet, or through a crypto payment system, accepts payment in cryptocurrency and converts it into fiat, accepted tokens? And there is a big difference! Although even if it goes through the transformation from cryptocurrencies to fiat, it is still a commendable initiative!

I believe this also means they'd still receive fiat ^{[subject field is somewhat misleading, but I'm blaming Binance for this]}!

If it didn't require going through an intermediary, my answer would've been yes, but as things stand, it's going to be a big fat NO.
^{- I don't want to be affected by another third-party data breach!}

No.

Another reason not to use their services for such products.

They don't want to deal with its volatile nature.

I understand it's an investment mindset, but besides you, there are others who have goals like buying a vehicle, a laptop, shoes, or anything else they desire with the profits from their Bitcoin investments. Purchasing a car with Bitcoin isn't an issue, let's say your dream Honda currently costs 0.5 BTC, and you only have 0.3 BTC, meaning you need to accumulate another 0.2.

However, due to a significant BTC price pump triggered by a major event, the Honda's price drops to 0.28 BTC. I see this as an opportunity to attain your dream item with the hard-earned gains you've gathered. There's still a balance that can cover other expenses.

I prefer to view this as a chance from a different perspective. And for sure, with broader adoption by major corporations, Bitcoin's position as an alternative currency will be strengthened.

I will not, because each person has their own flavor of investment, and in my opinion investing money on Honda in the form of BTC (that I have accumulated as an investment) is a total waste of BTC and Honda will be a liability. And I don't want that. Because, if we talk in the sense of investment then Honda is going to make huge expenses but BTC will lie there. And the Honda will eat enough of my money while the BTC will not.

And if I just have to buy a Honda car (despite the context of Investment) then It does not matter whether we buy with BTC or with Fiat. Let's say Honda is worth $28k and 1 BTC is also worth $28k or you have $28k in fiat. What would you do, if you bought with 1 BTC then the BTC was gone and the car came? But if you will buy with Fiat then your fiat is gone and Honda comes. In both scenarios. 1 BTC and $28k fiat (worth 1 BTC) are both gone.

Which means, it does not matter anymore. And I will not prefer the company of the car I am buying from, I value my BTC so I am going to buy BTC more, But if I have to buy a car I will try to find a good one that will not become a liability.

This news is not big enough to trigger the market, but it will have a good impact on the market if combined with others. Honda is not a small company it has a big inflow of money and they have huge sales, but who knows how many BTC users are their customers. But the thing is, those who are well educated and know the potential of BTC are saving it.

They might not consider the Honda over BTC. But if the Honda is good enough and a person loves it then there is no cost of passion and a person will not hesitate to sell his BTC to buy Honda. But to be honest, that deal will be the one of loss.

I will buy Ferrari or Honda Civic but I don't have enough money either in BTC or in Fiat. Overall, they made the right choice of accepting in BTC because many people who have funds in BTC and want to buy Honda they will have 1 benefit of the moment.

AFAIK, Japan is a crypto friendly country and having this company as their wing in the automotive industry then that means that these huge companies have no problems anymore using third parties if someone wants to pay them crypto. It's like that we're going to see this type of adoption coming from the corporations that don't accept crypto yet. It is ideal for them to protect their sales from the volatility and have the crypto converted into their currency as soon as possible when they receive the payments. Now, who's going to be the part of this history that will do this purchase of his/her Honda car through crypto -> FCF Pay?

In my country, Honda is the motorbike manufacturer with the largest sales, followed by Yamaha which has the largest sales of motorbikes, so news like this is good news which of course can influence the adoption of Bitcoin and other cryptocurrencies in the future. However, I am skeptical that payments vis crypto will be permitted by the government of my country, because in my country crypto currency cannot be used as a transaction tool, it can only be traded as a commodity.

As Honda's tough competitor, I'm sure Yamaha will not remain silent, they definitely won't want to be left behind by Yamaha, so I predict Yamaha will follow in Honda's footsteps (accepting payments via Bitcoin and cryptocurrencies).

Yeah I believe this is a choice those who wants to spend crypto on real goods and don't mind going through kyc will have to make. Because the third party partner is centralized and will definitely abide by all rules regarding kyc.
Still put crypto and btc most especially in the public eye. This will create more awareness than already existing.

If memory serves me right, Tesla's dropping of bitcoin happened at a time when he was implicating bitcoin mining and its huge carbon footprint which actually caused prices to crash because of his rants that led to temporarily destabilizing some miner operations & I wouldn't be surprised if he had external pressure from the government to drop it...

But now that another car manufacturer has got into this spotlight am certain he would want to steal the headline like he usually does, though he has unfinished business with miners that have gone green and he doesn't want to swallow his words with the 50%+ of miners using cleaner energy..

---

However we interpret this, this is bullish news, and our markets need a break from all the negative news of hacks that have been happening of late that has slowed down the growth of our markets...the revolution must continue.

Good news.

Be full of consideration in spending BTC to buy things like cars, which every year will be launched a new, more sophisticated type.
Honda's acceptance of bitcoin and crypto will not apply to users of Honda technology (cars and motorbikes) who live in areas where bitcoin and crypto are not legal as a means of payment.

This is part of a business strategy that does not rule out the possibility of automotive companies such as Toyota and Yamaha or Suzuki following in Honda's footsteps in accepting bitcoin and crypto.

IMO, this news could trigger a positive market trend in October which is predicted to be better for increasing market prices.

Honestly, I am not surprised about the Honda automobile accepting Bitcoin and Ethereum as payment. This is something that is inevitable and we always see when the crypto halving effect market approach. What should be our major concern before we celebrate this type of news is that.

Is the company into this for real, or do they just want to make a profit from BTC and ETH during the total bullish market and exit the market?

There is news going around on Twitter about Apple announcing it's buying BTC and Microsoft building a Bitcoin wallet according to the company's leaked roadmap.

If this go globally, or Honda is starting to implement this across regions Elon must be crazy enough to follow this through with the use of other cryptocurrencies. He's a billionaire, he don't mind accepting crypto as payment even if it does not benefit him monetary, that's how he is, he's a player. But Imagine paying bitcoin to get a tesla, get electronic car for internet money, what a world!
You can do that if someone sells their house for crypto. At the end of the day, your crypto is money, and you got a full control over it. Don't be mad when I buy a Honda Type-R with my 3 BTC  ;D

I think what Honda is doing right now is they are trying to enter a new market, where they can see profit. They won't do it if it's not for the money, at least for their brand relevance. Wouldn't be surprise if they cancel this after a year.

** NO i wouldn't really be touching up my precious coins on buying a car on which you could possibly make use of your fiat directly. We arent that blind on not to see its potential.
** Mitsubishi, Toyota, Isuzu, Ford, Mazda etc.. Or better all.
** News like this doesnt always give out such significant impact but any news that correlates with adoption then its always that shows that we are really that
heading on global adaption.

As long payment options been added up with those crypto things then it would really be always a good news but dont really expect that majority
of crypto holders would really be making use of their coins on buying something that they can do with fiat. We know the potential profits that we could generate
with these coins and its never been that ideal on trying to waste it up on something but cant deny that this news is really that bullish.

The price of their cars aren't just like the goods that we purchase in the grocery stores and that's why they'll for sure be subject to kyc, those who will purchase it through cryptocurrencies. Honestly, it's better if they'll just accept it directly but then this is all about business and decisions and they do understand the volatility that receiving payment in cryptos will be. That's why this is the solution for those loyal customers of theirs if they insist of paying them in crypto. At least now, they've got an option to pay for it and that's an additional payment method for them.

I agree, knowing that they're a known brand and they've got millions of customers globally. That adds to the exposure that crypto and Bitcoin mainly through them if they have announced it already.

At least it is a move on the right direction, after all people have been asking recently when Tesla was going to accept bitcoin payments again and lambos are also a favorite among those which have earned a massive amount of money out of their bitcoin investments, still a brand like Honda accepting bitcoin is probably a better option as it is a known brand which builds reliable cars which are way more affordable, and we could see more people buying them with bitcoin than those luxury brands people often dream about.

If I have the fund why not?


Would be great if all will accept BTC for payment


This might be one of the reason why the current Bitcoin price rallies from $26k to almost $28k, but I think this is the extent of the effect of the hype of this news.  I read that the implementation was around Sept. 27 last month, so it is quite logical to think that the current Bitcoin rally might have something to do with the effect of this news.

But you may have a choice to use it directly if you want to buy cars from them since sometimes its eating up our time and we need to deal with certain fees if we want to cashout our money then use fiat to buy car. And for this adoption they do it made easier to bitcoin and ethereum users to deal easily with them. Its up to you if this idea is not ideal. But for other who save just to have money to use to buy their first or extra car then they have now a good option to choose.

I wonder what next big companies will announce it since Honda is big manufacturing company. For sure there are more companies will follow the steps they do especially if this will result to huge sales to them.

Honestly, it has been a while I last heard a beautiful news of adoption as regards bitcoin. I remember when the news of bitcoin adoption was so rampant such that every headling is either discussing bitcoin adoption or companies set to adopt bitcoin. I do not actually know what slowed down the adoption, it may not be unconnected with the prolonged bear market.

Now that Honda has reminded us again that bitcoin global adoption goal is still alive, let's hope that other competitors will adopt bitcoin as well. I have a strong feeling towards Chevrolet and maybe the controversial Tesla and Elon Musk.
I also know that if the coming bull run does not fail, many companies will adopt bitcoin.

Good news. Really nice seeing big steps being taken by a multinational corporation to accept bitcoin as a payment method.
This move would most likely bring in some new and perhaps younger customers who would be willing to purchase vehicles with bitcoin.

I would like to see Mercedes Benz follow in this footsteps. Probably wishful thinking for now.
I think a lot of people would appreciate and would actually use bitcoin as payment methods for buying automobiles

Maybe this is available in France but most likely won’t be available for the USA market. Way too many regulatory loop holes to pass thru.

We know they convert it to fiat for Honda that’s not the problem here. The issue is whether governments allow such large purchases to be made.

Currently you can pay for bitcoin with services such as Coinbase but they are generally less than 4-5 figures. When you want to buy a $50k the governments are going to want to get involved.

It would have been better if Honda was using BTCPay to accept Bitcoin directly. It seems unlikely that mainstream companies with multi-billion dollar market caps will start adopting Bitcoin in any significant way. Instead we occasionally see a few companies use custodial crypto to fiat payment gateways where Bitcoin is an option along with a dozen or so scam tokens. As long as it gives Bitcoin some utility and legitimacy it's an overall good thing I suppose but there is still a long, long way to go before we see Bitcoin being accepted without intermediaries by these large corporations.

Honda is a very big brand and has been in the market for years. This move by Honda is very good news for cryptocurrency. If a small brand, not Honda, said that it would accept payment with crypto, it would not have a big impact, but since it is a Honda brand, I think the impact would be big. Other big brands can also make similar statements.

We feel like bull season is approaching. Many brands will accept payments with cryptocurrency.

Even if this news doesn't have a big impact on crypto, it could be a driving force for the stagnant market. Therefore, we can consider this a good development for crypto in every respect.

Is he under pressure from the government or is he deliberately manipulating the market for personal gain? I'm more inclined that he just wanted to manipulate the market to make a profit than that he was pressured by the government to do it. In my opinion, Elon sees this market as just a place for him to make money, I don't think he is serious about bitcoin or even dogecoin. What he is after is profit and will leave it behind after filling his pockets.

I think if he accepts bitcoin again he will probably integrate into social network X, not Tesla.

Good news regarding the adoption of Bitcoin and Ethereum as alternative payment media. If I may know, Honda determines this in how many countries? Or does it only apply to one country? Because every country still has Crypto as a means of payment illegal.


If car dealers in my country gave the option of paying via Bitcoin I would gladly do it. This convenience will certainly be pleasant for me, because there is no need to bother dealing with banks or cash.

I'm looking forward to Toyota and BMW then. Lol

Of course, this is good news that can become strong fundamentals that can trigger price increases

I believe that banks will continue to play a role in these transactions, even if you aren't consciously aware of it. Honda, for instance, would likely promptly convert Bitcoin from their sales into fiat currency to mitigate market speculation and avoid risky market volatility. It appears that Bitcoin will primarily serve as a medium of exchange, and Honda may also request your personal information for vehicle tax purposes in collaboration with the bank.

The real benefit here isn't necessarily to bypass third parties or banks. Instead, it offers convenience when someone invests in BTC, and the price of the car in terms of BTC could rapidly decrease due to the high volatility of the BTC coin.

In my opinion, the third party that will deal with the bank, they are in charge of directly converting BTC into cash or fiat currency (here the third party mentioned by the OP is FCF pay) correct me if I'm wrong.

Regarding BTC price volatility, it has no effect on BTC or ETH which are the means of payment there, because every increase or decrease in the price that occurs in BTC will be directly converted into fiat currency, of course, by a third party.

Elon is too intelligent not to know that outside bitcoin and ethereum accepting payment in other altcoins is like putting his business on a time bomb.

No billions can be sufficient for any billionaire to go into a business without monetary benefits, except the intentions as conceived was for charity.
 Nooo! I won't be it's your decision it's your BTC anyway and you have all the legitimacy to spend it on what you feel satisfactory with it, you certainly don't need to care about how people may react about that.  ;D
Profit is the driving motivation for going into business and Honda is breaking no rules for going into the market for the money. And I doubt they will wanna cancel or opt out of the market if they're getting the money in the profit they projected for before the adoption.

This is a better step,  but in the countries where cryptocurrency is banned,  I didn't think the people of these countries can take some benefits from it. Although in those countries where cryptocurrency is freely open by government can get benefits from it. Because they don't have to cash their payments or transfer it to a bank. And also by sitting at their home,  they can freely give them through bitcoin and Ethereum.

Honda is well-known,  In our country the prices of its cars is quite high and still people are going to buy them more. Honda is most famous in our country,  they are attracting their users. So,  it would be a better choice for the Honda to accept the teo currencies. This will create attraction between both parties,  sellers and buyers.

I really appreciate Japan steps which are quite interesting. Not only is it a trigger for an increase, this could also have a big impact and if it experiences a trend for its products, it is possible that other automotive labels will soon follow the steps taken by Japan.

For now, I won't do it because I still dare to buy with fiat rather than important assets for future security. The Bitcoin I currently hold cannot be spent massively. As is the ideal momentum for investment, I think Japan also wants to look forward to the next Halving.

I prefer all the parent automotive companies like Yamaha and Suzuki. So it doesn't focus on just one vehicle.

For a moment we can see it in the market and the price movement is very supportive for this month remaining on the up trend line. Maybe

IMO, It don't matter if someone is willing to pay for a luxury car in bitcoin or some regular Honda cars in bitcoin, as long as they recognize bitcoin and willing to accept payments as one of the options, I am truly grateful for it as it adds exposure for bitcoin coming from a giant company.
This might going to be the beginning for the other motor companies to follow what Honda have done to put an extra mile for their customers.
A company who is very flexible in terms of payments option are most likely attractive for their clients.

Luxury cars for Bitcoin? That was possible in Japan 6 years ago and I can't say how that story ended, but somehow it doesn't seem to me that many people paid for their cars with BTC.

https://fullycrypto.com/luxury-japanese-car-dealer-loperaio-accepts-bitcoinc
https://www.financemagnates.com/cryptocurrency/news/japans-largest-car-dealership-now-accepts-bitcoin/


It's no big news, no matter how excited you are. The fact that someone adds BTC as a payment option does not mean that people will use it. There are thousands of online and physical branches around the world where you can spend BTC, but for most Bitcoin is just an investment they want to profit from.

If the world famous motorcycle manufacturing company Honda accepts Bitcoin and Ethereum as their payment method, then a new dimension will be added to the transaction of Bitcoin and Ethereum. One of the most popular Japanese motorcycle brands is Honda.  Honda company supplies their motorbikes to different countries of the world. As their motorcycles are exported to many countries in the world, I want to know whether the people of every country will get this opportunity, or if this opportunity is open only to certain countries.  There are still many countries in the world that do not allow Bitcoin. Will Honda accept Bitcoin or Ether as their alternative payment method?

This is excellent news. Consider one of the massive corporations that will be ranked among the top cryptocurrencies today and tomorrow. To be fair, three big meme coins, Dogecoin, Shiba Inu, and Pepe Coin, are among the options they will accept as a means of payment for their business.

I can see what these three can do in the end when the bull run arrives; it appears that they will surprise us in addition to Bitcoin and Ethereum. Honda has taken another positive step toward digitalization.

Increasing adoption is of course always expected to have a positive impact - but Honda does not directly accept bitcoin and Ethereum as a means of payment considering they use third-party services. This means you can't pay for their products with bitcoin without using a third party service as mentioned.

I tend to hope that many car companies will adopt bitcoin as a means of payment directly instead of using third party services - that's much better though they could convert it to USD or store it long term as an investment/hedge asset. IMO - the impact of this adoption isn't that much, it's just fundamentally good in the long term.

Definitely not for me. I wouldn't buy an electric car for many reasons, one of them being the way they're forced on us by the governments.

I'm going to be honest and say that whatever brand does that I'm not going to use the option anyway.
New cars depreciate extremely fast and often the more expensive the car is the more it depreciates. Check out stories of people who bought Bugatti and tried to sell them after a few years.
Then there's the problem of bitcoin price appreciation. If you get your wage in bitcoin, you might be interested in spending some on a car, but if you get paid in fiat, then convert that fiat to bitcoin to save upo and invest, you're not going to spend your bitcoin on a car when halving is around the corner.


I agree that Honda isn't really a luxury brand, but I'd say it is good news. Maybe not so big, but we need some of that positivity.
Even if this was some small Chinese brand that I'll never buy, I'd be happy because this goes in the news and people read about it. IMO it's a matter of time before Tesla accepts it again.

No I'm not willing to buy using Bitcoin knowing that in a few months, we might see the start of the bull run. Of course I might be wrong, but still I will not use Bitcoin to buy cars or whatever expensive item it is. I guess those buyers who also has a huge amount of Bitcoin holdings might be the ones who will try, and buy using Bitcoin, but for an average holder like me, it's a no-no. As for this move by Honda having a domino effect towards other automobile companies, maybe but they'll observe it first. If this initiative of Honda comes out to be a good move by them, other companies might do the same as well, and vice-versa.

None.
I mean nobody expected that a company like Honda will accept it right? I don't know which companies do I want to accept Bitcoin as well. Like I said, if this will turn out to be a positive for Honda, there might be a chance that other competitors will do the same.

Not big enough, but this might be the first step towards the price of Bitcoin reaching $30,000. Currently, this news has no effect towards the price of Bitcoin. I guess the catalyst that investors are waiting is the acceptance of the Spot Bitcoin ETF filed by Blackrock, and not this kind of catalyst.

No, it's not. The article you referred embed the tweet where the link within shows: "This service is currently only available in the USA, but more regions will be added soon." You better fact-check the source you refer to.

https://twitter.com/fcfpay/status/1706950991562551310
https://fcfpay.com/bill-payments/

Also, the news suggests Honda, the automobile manufacturer, is directly in partnership with the payment system, instead, I believe they did not.

Dealer or affiliates is way more approachable to integrate with cryptocurrency payment system, for example, https://www.leessummithonda.com/research/buy-honda-with-crypto.htm. Honda is not a B2C business, so there is no reason they favourably sell their car firsthand to its customers with a cryptocurrency payment option. This is rather exaggerated click-bait news, nothing much.

if i had bitcoin right now and was given the option to buy a car using my bitcoin, i wouldn't want to do it because my goal of buying bitcoin was for investment, not to buy a car. however, the steps taken by honda can be appreciated because they are a multinational company and have a good reputation in the global market. what they do can raise bitcoin's reputation in the global market.


with the increasing adoption of bitcoin, it is possible that other manufacturers will be interested in accepting bitcoin for their payments. maybe hyundai, audi, ferrari, etc., will start accepting bitcoin through their third parties.


i don't think so. the bitcoin market is too big to be triggered by news like this, but it could improve bitcoin's reputation in the global market.

I have used a Honda car and the product is one of the best. Honda products are strong and durable. This is a piece of great news coming from one of the leading automakers in the world. Although they are using a centralized payment system it is still good for Bitcoin awareness and adoption. I will be willing to spend bitcoin on a Honda car based on the terms and conditions of the intermediary FCF Pay. If they require a KYC document that I am not comfortable giving out, that will be the end of the deal.

Toyota is a popular car brand in my country and it suits our poor infrastructure and high cost of fuel. So I want them to be the next to accept bitcoin.

Honda is a respected global brand. So I will not underestimate the possibility that this move can change investor attention. But it will affect the market sentiment slightly and for a very short term.

I like Hondas. Civic type R is a beast.

This is going to hit the news channels for sure and maybe show people that more and more companies begin to trust bitcoin.

I don't expect many people to use this payment option, but let's also not underestimate it. There are millions of people holding bitcoin and we're about to enter a post-halving bull market. Some people will want to realize their profits by buying a car and accepting bitcoin is like extending a hand towards them and saying: come to us, you don't have to pay exchange fee and then bring us cash, we'll take your bitcoin.

Technically Honda partnered with FCF Pay. Honestly i don't even know if honda needed to do anything for this. They just accept money from a third party payment gateway.

I see this similar to the fact you can load binance credit card with bitcoins and pay to honda if you want. Technically it's just converting it to money and honda won't see any crypto in either scenario. But i guess it sounds catchy and act as a clickbait when you say honda accepts bitcoin, which it doesn't. Honda accepts money that it gets from a third party that you pay with bitcoin.

It would have been a good news if Honda automobile is the one directly accepting Bitcoin and Ethereum payment for the purchase of it cars, but that's not the case. One problem cryptocurrency tends to address is the elimination of an intermediary, so why contracting a third-party agent called F2P pay to receive the purchases of cars in Bitcoin and Ethereum? It doesn't make sense and it goes against everything cryptocurrency represents. I don't see anything worth celebrating and I doubt if this news can cause the price of Bitcoin to spike.

I'm not saying that the news isn't good, but far from anyone needing to get too excited about it, because we see from past similar events that people are simply not interested in using Bitcoin as a means of payment. Such news has had almost no impact on the market before, and I doubt that it will have any impact now, either in the short term or even less in the long term.

In a year or maybe less, the news will appear that Honda has decided to remove that option, either because someone will suggest that Bitcoin is "harmful to the environment" or simply because no one will use that payment method. It sounds pessimistic, but unfortunately it is the reality.

I just read the news, and eventhough it is a very good news, it seems the article lack many details, like in what countries the Honda Company will actually accept crypto. I mean Honda is a worldwide brand, and it's one of the biggest brand in my country, and probably in many other countries too, but same as my country there are many others countries where Crypto is not legal tender and accepting payment with crypto is still illegal. I just wish the article could put those details.

      This is wonderful news because company cars are well known all around the world. But perhaps I'll continue to use our money if I can afford to buy a Honda car. Especially in current times, I wouldn't pay for Bitcoin, Ethereum, or any other cryptocurrency.

      You understand what that means; doing that these days is not practical. Just consider how much Bitcoin is currently worth before the market price spikes to $100,000. That's the amount of regret I'll undoubtedly have.

Even if that news is quiet not creating any hype still its good since its can be consider as another greats step towards huge adoption. Honda is big company so most provably the cryptocurrency acceptance they have done will create some noise to those crypto mentioned and high chance that other competitors will look at it then add this as their accepted currency. We shouldn't always look at the price impact since what Honda do can affect good for bitcoin and Ethereum for long term.

We don't know what will happen to it yet and if bad times happen or no demand created towards their adoption then they might remove that but if there sales increase due to huge numbers of cryptocurrency users pays using crypto then for sure they pursue this adoption.

Yeah, it's going to be a slow phase though, but someone has to start somewhere, and it's good that Honda started this trend. And maybe when we are in a bull run, there could be more going to accept Bitcoin and any other crypto for that matter.


We really don't know what the future will bring, so it's a wait and see moving forward. But we all know that Bitcoin is moving ahead, specially that we will have the halving next year. So it might create more hype and again, not just Honda, there could other sector as well who will adopt crypto as one of their payment methods.

I was also very surprised by this extraordinary big step from this Japanese manufacturer. Because Honda car products are already very well known and widespread in the world, this will probably make the Honda manufacturer even better and more famous after making their wish to accept payments in Bitcoin and Ethereum for their products.

This depends on each person's personal use of the Bitcoin they already have. Because if someone's affection for Bitcoin is very big, I think it will always be difficult for that person to exchange Bitcoin for anything, including luxury cars. However, this decision that has been made by Honda will probably be followed by their competitors in the future in order to continue competing in a healthy way, because Honda has many competitors in terms of luxury car production.

I prefer Mitsubishi and Toyota, because these two manufacturers also often make very attractive luxury cars so it would be very interesting if these two car manufacturers wanted to follow in Honda's footsteps in terms of accepting Bitcoin and Ethereum as payment methods.

It could be that it will trigger a good wave in the market for Bitcoin, but for now I'm just surprised by this news and don't remember the price of Bitcoin which might have a good effect on increasing prices in the market. But if the news could be a good trigger for a price increase, I would also be quite happy to see it and most other people would probably also be very happy with this news if the price increase could actually occur in the near future because of this.

This is good news and at the right time to cause huge use of bitcoin. I think hodlers of bitcoin won't find it difficult to spend their coin on buying luxury cars rather than making huge payment of fiat to buy car. This is good and more giants in the automobile industry will follow what Honda has done. This is huge adoption news and more like this will cause the price of bitcoin to rise and its value also. I hope Honda continue this adoption move so that more financial institutions will be encouraged to come in.

This will increase the bullish sentiment in the bitcoin market. September was already a good start for bitcoin. It manages to be on the positive side and this news shows that real adoption has begun. Honda is a giant automobile companies and their footsteps in the bitcoin market can make other tech giants more confident to embrace these economic changes.

It's a good sign that when such adoptions occur in a bear market, things should be even more positive in a bull market. Musk once started selling Teslas for Bitcoins, but later canceled this opportunity due to the environmental aspects of Bitcoin mining.

Now that other manufacturers follow Honda's example, Musk will have no choice but to return Bitcoin to possible payment methods. I used to think that competitors would follow Musk’s example, but now everything may turn out to be the opposite.

This is very good news. Tesla owner Elon Musk has previously heard that Tesla will accept Bitcoin payments.  This is the second time it has been heard that Honda is accepting Bitcoin. Bitcoin has really gained a lot of popularity and these factors give a better indication of how Bitcoin is a potential currency of the future. automobile company accepting payments through Bitcoin is good news for Bitcoin users. But this is the happiest news for those where Bitcoin is used as a legal currency.

Maybe Honda only for now but Tesla also bitcoin friendly

It is definitely a good news but it is not possible to say for sure how much this news will have a positive impact on the market. But to some extent, a positive impact can be seen in the market.

Well, honestly, I like the Honda brand because the quality of their brand is good, although for now I don't have a 4-wheel Honda, but I have a Honda motorcycle. I've been using it for a long time, about 13 years. I haven't opened the engine yet, but all I do is take care of the oil and other parts. I have traveled to faraway places.

Is what Honda did universal in all countries? Does that also mean that even here in our country, it is also implemented in other ASEAN countries? Although the work they did is good, it doesn't seem to have much impact on the market, although they added Bitcoin and other cryptocurrencies to the payment options.

The most important point in this news for me is the awareness or putting btc in the spotlight. Of course not many btc holders will be willing to part with their treasure to by a car that won't give you future value unlike how btc would. But knowing that btc is at that stage where you can decide to buy a car with it is a big deal. Something nobody ever thought would be possible 10 years back. This is a huge achievement considering we're btc started and all the negativity surrounding it.

Although the article did not elaborate much about the countries in which this will be accepted since Honda is a world brand. But it will however spread to more countries keying into the idea. The btc community wants mainstream adoption and I believe this and many more like this will pave way for that so-needed adoption.

Japan is traditionally a specially friendly jurisdiction with Bitcoin (by comparison with others, not in the way El Salvador is), so it is not really surprising taking into account that it is where Honda is incorporated. But there are many different jurisdictions where it could also work, so I hope that the pilot works and it is brought to different countries soon.

Not for me, because I agree that hodling is the intelligent decision here, but for the impact that it could have in Bitcoin's adoption.

It's good news that Honda is now accepting cryptocurrencies, of course they have done a long analysis so they decided to accept bitcoin, ethereum and so on, hopefully this can be a trigger for other global companies to accept bitcoin so that the hope of seeing prices skyrocket can happen soon.

This is really a great news for Bitcoin users.  Honda Company's bold move to accept crypto as a payment option will hopefully take Bitcoin and Ethereum one step further. Although we are well aware of Honda Company's success. So hopefully the acceptance of Bitcoin is a good indicator that the currency has a good future in the short and long term. I  Personally prefer Honda brand because I have Honda band motorcycle and quality of this brand is good.

You did not closely inspect the news source and also the replies on your own thread.

The article cites in which country it is supported, and there is a reply in this thread that addresses it.


You better update it on OP since most users also did not dig deeper about the linked sources and this thread replies, so they still asking about in which country the cryptocurrency payment option is available. Lastly, this kind of news is surely spread the awareness of the current state bitcoin adoption, but we must remind that this does not depict the whole picture of Honda directly favour and accept cryptocurrency payments.

If this also apply to Philippines, this is literally a good news. Cause there would be less hassle to convert your digital funds to fiat money as payment for buying motor vehicle or any transactions at Honda. I think that's the first step of Honda company for accepting the technology since they are aware that people much prefer to use digital currency. It would be like the first bank here accepting crypto in their side which literally gives them a high rating especially back way at pandemic. If Honda doesn't expected to have a lot of people using it, for sure people would be curious and would do research about Bitcoin why is it possible to use as payment.

Yes, many campaigns will soon start accepting bitcoin as a means of payment. But this may not have the same impact on bitcoin as it did in 2020-2021 when Musk announced that Tesla accepts bitcoin. Now this is a highly anticipated event that should happen in the next six months to a year, given the growth rate of the crypto industry

A news that Honda Company is accepting crypto has got the crypto community in the world very excited. The company has a wide reputation all over the world. But in this age of technology, everyone has a competition to make their products better, but people's demand for products that will provide some other benefits increases. Some will eagerly try to purchase products from the company receiving their cryptocurrency. The craze for accepting payments in Bitcoin and Ethereum has also created a huge buzz in the crypto space where a large number of people will be interested in learning about their products. This news will have a positive impact on the price of Bitcoin. This is a happy news for those who love BTC or love the crypto space. But even if there is a buying opportunity, I will not try to buy products with bitcoin because I prefer it for holding for the time being.

Nice strategy from Honda company I must say. They will get more customers seeing this options but I hope they know how to check for stolen BTC and Ether, I'm afraid that hack bitcoin from many years ago will be launder through this except they want to verify the source of this coins and since mixers don't accept some deposit, it will impossible to launder.

What I'm sceptical right now is why Honda decide to do this now. Maybe this is just a coy to get more BTC and ETH and then sell when the bull run comes by and then disappear again like the way Tesla reject btc acceptance some time ago.

The car industry is in turmoil afaik. Buying a car right now while the governments are trying to implement ESG policies will probably be problematic for you soon when they are trying to phase out cars with high carbon emissions to give way for the EVs.

So timely though that Honda of all time, they are accepting BTC while the price is low. With the BTC they will receive these days and they hold, their profit will be more than 3x if they wait for the bull run.

Wow, that's great news, although there is no surety that what's going to do they next. Earlier we were seeing, a whale company was going to accept crypto currency as payment and after some time stopped accepting it as payment. Once accepting cryptocurrency as payment and once they shutting down this payment system. However, if they stay with their decision, I think it will have a good effect on the cryptocurrency market.

First of all I don't have that amount of BTC for buying any car and second cause is cryptto currency is still illegal in my country.  But if I have those fund I mean Bitcoin,  then I will not buy any car in this current time.  Because halving is on the corner. ;D

I don't have any words for this because nothing is going to happen for the illegalisation in my country. But I hope all giant companies will gradually come here and accept as payment.

I don't think so, this can trigger the market a little bit but I think for the Bullrun(if you mean that) we have to wait for Bitcoin halving.

It is definitely positive, hopefully they would make it a long term goal, not unlike Tesla which scrap the deal as soon as the value of coin begin to plummet. If you notice the btc price now on the upward trajectory, more and more companies would adopt it too.

The news will be considered big base on how the people react to it, Honda is big company that’s worth a lot. accepting bitcoin as another added means of payment in Honda is a big news but I don’t think is big enough to trigger a market pump as I believe there should be more to a news like them investing heavily on bitcoin that the kind I believe can causes a positive price in the market.

The company has started accepting bitcoin has a means of payment but how many people already have that bitcoin that will want to spend it and buy a Honda product, are there some discount amount for any one who want to buy using bitcoin which could trigger lot of people to acquiring bitcoin and using that to buy Honda, and with the rise in demand as a result of this might be what can make us experience high price in bitcoin any different from this, I see it as something which is a good news to the community as adoption is increasing but I don’t see price going up by the news.

I don't always want to come across as opposing market and trade decisions made by organizations as the bull market approaches. Often, these decisions tend to halt once the bull market subsides. Instead, why not consider postponing the purchase of those cars until after the bull market? This strategy aims to preserve their income in Bitcoin as its value continues to rise.

That's a bold move, indeed. Honda understands that the world is changing, and for them to stay ahead of the competition, they will need to offer what the public loves. It probably has understood that Bitcoin is one of the most trending topics in the world right now, and people obviously love investing in or holding Bitcoin and they will most probably also love to spend their Bitcoins for buying stuff, and Honda wants to make sure that they become the leader in the industry to accept Bitcoin and cryptocurrencies as a payment for their products.

This move will surely make other companies at least think about the possibility of adding Bitcoin or other major cryptocurrencies in their payment methods so that they can also extend their user base and include those who are willing to spend decentralized cryptocurrencies for their purchases.

Honda had partnered with FCF pay. Already they're a trusted service provider in the country which supports transaction on bitcoin, ETH, XRP with other memecoin Shiba and Dogecoin. Allowing customers to buy with cryptocurrency by Honda makes themselves on the lead getting adopted to the technology advancement on the automobile industry.

Already banking service provider HSBC have partnered with FCF pay which is a big thing. They have given the choice for its users to pay their mortgage and loans in terms of specific cryptocurrencies. This is really good to see cryptocurrency usage on the banking industry. Increasing acceptance have made service providers to stay active in technology and the same had paved path for connection between the traditional system with cryptocurrency.

It is great news, hopefully will bring big impacts on the Bitcoin and crypto as a whole.
Honda is one of the biggest company in the automotive field. It has very big market in the world, especially in Asia. So when it allows people to use Bitcoin or Ethereum for the payment, there are probably many people to support the idea. We know that many people are holding cryptos in Asia, they are available to use it for paying their favorite cars/motorcycles from Honda now. However, I'm sure it will adjust the regulation on the countries that Honda sells their products. People only can buy Honda products with BTC or ETH in the countries that legalize crypto as payment tools. It the country prohibits crypto for payment purposes, people still can't buy Honda products with BTC/ETH.

Of course, I will. But it is impossible because we can't use crypto coins for payment purposes in my country.

I expect all top automobile companies to accept it. It will make people easier to pay for the products or services, specifically for people who hold crypto coins.

If other automobile companies follow it as well, it probably can trigger the uptrend on Bitcoin/Ethereum. However, I don't know how significant it will influence the raise of Bitcoin or Ethereum prices.

We are not in 2013 anymore, these news should be considered very normal. We should question why other companies still don't accept Bitcoin, it isn't difficult to do. This is a positive situation for both the selling company and the consumer. If there are no legal obstacles like in our country, it can be easily done in every sector and offered to the consumer as an alternative payment method.
I hope we can find out how many people actually bought Hondas with Bitcoin. I'm curious about the statistics that will emerge. In which countries is FCF Pay available? If it's only available in Japan, this news doesn't mean much. They need to integrate a payment system used worldwide.

If it is more convenient, wise, or cheaper to use on buying a car than cash, why not?

All the automobile companies would be great.

It's not big enough since some companies have not yet accepted it, though it's excellent news since we can accumulate more Bitcoin and Ethereum before the market uptrend.

Certainly, it is a positive and encouragement development and step forward towards adoption of cryptocurrencies when a giant car manufacturing company like Hona decides to accept Bitcoin and Ethereum as method payment for their vehicles. This move not only simplifies transactions for customers but also has potential to boost their sales. Hopefully, more companies will follow this convenient method of payment which will certainly contribute to the overall expansion of cryptocurrencies acceptance in the business world.

Under normal circumstances I wouldn't give much credence to the news that big companies would accept payments with cryptocurrencies because such news is usually shared by unreliable sources. However, when I checked this news I saw that the content was shared by Binance and I was very happy with it. Cryptocurrencies have now begun to be preferred by many big companies and this will expand the usage area and allow more people to access cryptocurrencies.


No, Honda has never been a car company I prefer because I don't like the interior and exterior design of most of it's cars. I definitely don't want to spend my current cryptocurrency savings on Honda cars especially by paying with cryptocurrency. Maybe this may vary for motorcycles.


Of course Ferrari  ::)


This news may, of course, affect the upward movement of prices in the cryptocurrency markets, but it will not have a serious impact unless it is clearly accepted as a payment method. When Bitcoin or other cryptocurrency options begin to appear on the payment screen, we can see a rapid upward movement in prices.

 -  Of course, in these circumstances, will you use Bitcoin or Ethereum to pay when you buy something from the Honda company that,
by next year, will have a Bitcoin halving and bull run? Obviously, we as holders will not waste our holdings of Bitcoin or Ethereum in our wallets. We will wait for the halving and bull run first so that we can eat some profit during those periods of bulls.

Although the only good news is that a giant company has adopted Bitcoin and cryptocurrency in their company, Until then, maybe someone will only use that kind of Bitcoin payment when the bear market is back again and the bull run is over.

This is great news many people right now use a cryptocurrency and I'm just wondering it is an overall Honda I mean there's a different variant of it in the market like Honda Big bikes, small bikes, and even cars, if they are adopting this sure another competitor will agree to have this kind of mode of payment but seems in my country they will take a lot of time to accept this because the market of crypto is volatile it's a big loss to them if someone bought bitcoin and then the market crash, still a lot of things need to consider with it. If there any chance im fan of bikes so hopefully the Yamaha or the Kawasaki have this kind of payment too.

Now this ====> "third party partnership" is the problem with projects like this. Those companies never see the actual bitcoins, because it is converted through payment processors to Fiat currencies.. almost immediately. (so what is the use... marketing gimmick)

The second thing is.... Who are really paying for cars and motorbikes with their bitcoins? Everyone are hoarding their damn coins, in the hope of 800x profits.... and nobody wants to use it as a currency. ( I will buy lunch .. but not a car or bike, because that vehicle might cost you $80k now... but when Bitcoin hits the Moon..... then those bitcoin might be worth $800k)  ::)

Not a big deal. There have been crypto -> bill pay things for a while now. The only difference here is that instead of the bill payer just doing it they are partnering with the vendor directly.

I saw the announcement early this week and did not even think anyone would really care since you could already pay most (all?) car loans and leases though FCFPAY anyway.

-Dave

To be honest, right now I don't even want to shop with the bitcoins I have. But maybe when the price of bitcoin has passed ATH and when I want to enjoy a little of the profits that I have then that might be the right time to try buying something with bitcoin. Purchasing a vehicle from Honda would probably be quite good.  ;D

And this news at least has a quite positive impact at a time when the price of bitcoin is currently increasing. Maybe other vehicle manufacturers should follow Honda. ;D

My dear,  valuable update is tends to be valid as long its continuously spreading is to further its broadcast to the reach of who haven't learnt of it.
I strongly believe that a lot of us here learnt of it through this thread creation and if the BTC payment method acceptance is only capitalized to Japan, then there are importers who can be beneficial front the process atleast BTC acceptance is additionally growing to greater height on that note.
Talking about its brand nation wide integration to accept the BTC payment method, I think the fact of Banned, Suspended or the illegality pronouncement usage of the BTC in most nation is highily considered.

Source (https://www.binance.com/en/feed/post/1244516)

With such an opportunity to spend btc to buy luxury cars-
*Will you be willing to spend your btc to buy car from Honda? Or any other automobile company that will follow the Honda's part?

*Which other automobile company would you want to also accept btc for payment?

*Is this news big enough to trigger market uptrend in the coming weeks, months?
[/quote]

This development has a variety proportional to expand and promotes the two series of the wider spread of BTC and attracting to more patronages to Honda automobile.
This could even trigger more desires to attain more of Honda products as  course or marketing strategies as a coursed of its product endivoirs to accept BTC payment method. This alone is a big winning to Honda and a big blow on other automobiles because it will trigger a very highly marketing strategies amongst other automobiles

If I am asked to decide what other automobile company I want to accept same development, of course I would suggest the company product that is dominated and most  embraced in my country which is TAYOTA AUTOMOBILE PRODUCTION COMPANY.
It is believed that my country is at 6th position ranked in terms of Crypto especially on Bitcoin crypto and there are highily importers and exporters who are Bitcoin investors diversifies their investments on automobile trading.
Which I am aware that trading with an exchange of crypto BTC currency is best served safe, easier and manageable to them(us).

Does Honda want to continue in Tesla's footsteps or is it only temporary, but what is certain is that this step should be appreciated because BTC is increasingly becoming a part of the business world where consumers can buy valuable goods such as cars and of course it is a driving force for other companies to participate so as to help improve public trust and interest in crypto and increasing its acceptance in the business sector.

Well, if somebody ned to buy a car using BTC now, that's definitely not the case, and to predict the trend, it could trigger an upward trend in the market in the next few weeks or months, I don't dare to speculate further.

Either temporary or long term adoption planned for this adoption to happen its still good since announcing to adopt bitcoin is already a great news to be heard. For sure there's a lot of people in business world read up this announcement created by Honda and adding bitcoin gives curiosity to them about possibilities to add this also in their company. But lets just see what will be the result of their adoption since if honda will generate a lot of sales also good result in terms of bitcoin volatility for sure this will be great in terms of good projection of bitcoin since it can somehow boost more its popularity.

People near them can now buy car without any conversion needed and they can directly use bitcoin or ethereum to make their transactions more faster.

Honda accepting bitcoin and some other cryptocurrencies as payment methods is good news for the crypto industry but what I'm thinking is will people use their crypto assets as payment methods? Because most people only like to use them as a means of investment, including us, very few consider them as a means of payment. That's what I'm doubting, even if businesses add bitcoin as payment method but most investors value privacy, will we use btc for payment?

Honda is biggest of transportation company around the world and could give positive impact for the future after accepting bitcoin and ethereum as payment method, seems interested with my planning want to buy motor cycle of Honda have already with bitcoin payment in my country region or not? Its not about the values only for bitcoin and ethereum on the future when accepting as payment method by Honda but their decision to make costumer more friendly and how much advantage when accepting bitcoin as payment regulation.
Still waiting confirmation with my country region due bitcoin is not legal payment current, will have way for using bitcoin or ethereum for payment transaction when buying motor bike or car in my country? Its seems good ideas without have make payment trough cash money and bitcoin or ethereum more effective for payment method.

Bitcoin is many people's investment and they won't want to use Bitcoin to purchase cars as they are nothing but liability, still people need a car when they can afford one, I already have a ride and I don't plan on getting another for the next three years, also it's not easy to import cars into the country as this is more costly than the amount you will be buying the car, so ridiculous.

There are many abandoned cars by car dealers in my country because they can't afford the clearance fee, they left everything and move on, this also makes car value to rise insanely high in my country.

I can use crypto as a means of payment, to buy some things online but not very costly things like cars, especially using Bitcoin, if I am going to use Bitcoin to purchase anything over a thousand dollars for example, I will make sure I get the Bitcoin back not too far in future, Bitcoin is gold and it should be kept instead of spending.

I feel you brother. Even with all of these adoptions and news that they're now accepting Bitcoin and I've got a dream car that they manufacture, it seems it's hard to spend the Bitcoin that we hold because we just want to hold it until at the price that we want it to be. Much better to use it at the price that we're totally okay with and not just that we're forced to do so because they've started to accept it. If all of their branches globally do it, the demand will push the price of Bitcoin even if they'll use some third party payment provider for this transaction.

What people are saying is that it should be Tesla because they're the ones who have invested in Bitcoin. The possibility of it that can happen in the future is high but we will never know if they will. Would like to see other known brands do it.

I think that the main point of OP is the increasing options for us bitcoin users. This can put other car brands into accepting bitcoin as a payment for their car. It's not about how cars depreciate or how unpractical it is compared in holding bitcoin. The more merchants that bitcoin have is the more options we have on how and where we should spend our bitcoin. Remember when tesla accepts bitcoin as a payment, I'm sure there are people who bought Tesla before using bitcoin. Also there might be other big brands that will come sooner or later after realizing the potential of bitcoin.

Imagine 3 years from now and we are on the bull market, you had a plan to buy a honda car. At least you got to experience buying something that is not that cheap using your bitcoin that you got for cheap. There's a satisfactory feeling about it that I think I will feel if I got a chance to buy that.

Wow!  I have to say this is something I was expecting but I'm sure glad to see.  In my humble opinion Honda is at minimum the 2nd best care company on the planet (I would say overall Toyota is probably #1).  So it really shouldn't surprise me all that much being that they are such an innovative company. 

I would love to see Kia be next because I plan on buying a new car soon and Kia has a couple cars that I'm looking at very closely.

Its certainly a big deal I would say when any major corporation starts accepting bitcoin, it gives more credibility to the currency and also more assurance for consumers. It for sure shows Honda's faith in BTC. Love it!

Definitely something good to add up in the current market. Honda definitely taking it to next level if they have started accepting Bitcoin. I believe it is the internal management that must be excited about the Bitcoin Payment idea. They might be looking at crypto based users to target them and let them give new user base or buyers. Sometimes it’s like releasing a service or product that directly hits the user. That’s what happening here. They want us to feel that they are with crypto community, they welcoming the digital payment era and new currency like Bitcoin.

I would definitely want to see other automobiles get into this. Mostly Royal Enfield should start accepting Bitcoin payment. They have classic bikes and their market is also huge. The bikes range is also as equal to as luxury cars so I’m sure that’s good deal as well.

You’d first consider the cost of the vehicle and the attitude of most bitcoiners towards spending their bitcoins. I think a brand new Honda Civic cost about $10,000 to $20,000. That’s a lot of bitcoins to spend on a bitcoin, I doubt many bitcoiners would be eager to make that trade especially if they have the money in fiat. In my opinion, people are more willing to spend small amounts of bitcoins on cheap commodities. Anything close to spending 0.5bitcoins or more may likely not receive the same positive attraction.

Would really be having that normal approach towards things on which people wont really be that so easily will be making use of their crypto on buying out but just as said that no one would really be just simply making use of wasting up their coins on something that they could buy with fiat as much as possible which its true that majority of us would really be eyeing for the investment part or side of things rather than on carelessly making use of those coins for the sake on buying things but in overall, it is really just that good to see about these kind or type of news on which this do correlates about adoption and recognition on which this is something
that we do really need which we do really want for it to happen that lots of merchants would really be considering its existence.

Somehow having this kind of addition or integration of crypto payment is really that a good option  and does really give out some choices whether we do purchase honda cars using  fiat or our crypto directly.
It would be always falling down into someones preference on neither theyll be using their money or not or with crypto directly.

If a person is a Bitcoin holder and it is a long-term holder, then he will see that this is what the Honda company has done. I think he will not use the Bitcoin he has even if we say that he wants to buy a car from Honda itself. Of course, he will think that the Bitcoin he will use to pay for it will be a waste; if he has money to pay with their money, he will do that and use it for sure.

Yes, we're here; that's good news, but that doesn't mean you're going to install the new system that Honda made today. As far as I can see, it seems that the step taken by the company was just wrong timing because we are about to enter Bitcoin's halving and we are getting closer to the bull run. They should have done that right away during the bear market era; this is just my opinion.

I don't think this has much to do with Honda believing in Bitcoin. Honda thinks this is sales-oriented. If someone who is going to buy a Honda is thinking of spending their Bitcoin instead of their cash, Honda is willing to do so. As a result, after the payment is made with the payment processor, Honda don't hold that Bitcoin, rather they get national currency. It's a good addition for the buyer but have no effect on seller. However, we can say that it's a positive development for all of us that big companies are positive about this type of coin purchasing transactions and that it's becoming widespread.

Some people keep Bitcoin for different purposes, so I don't think it's impossible that some of them want to buy things using Bitcoin.

Regardless of what Honda is doing for popularity alone or whether they really want that, it must be admitted that what Honda is doing is making developments or positive things that are also accepted by Bitcoin, so there is nothing wrong with it. at a loss here.

But what is certain is that this news will be positive enough to trigger an upward trend in market prices, sooner or later I think this will have a big influence.

I consider Honda to be an ever evolving brand when it comes to manufacturing of cars, they are next to the best and their cars are always to a luxury standard. They are open minded and that is one of the traits that has kept them ahead of the curve. Accepting crypto payment will net them more profit once it becomes a household news. People will order for cars seamlessly as the challenges associated with cross-border payment has been eliminated with the help of cryptocurrency. A great win for Honda and lovers of Honda cars.

It is a good thing that buying things with crypto currency is normalizing the crypto market and making it more connected to the daily lives of people. People are willing to buy the car by using Bitcoin payment, which is a different story. I heard that the car is a liability, so why should I buy it with my source of income? However, Honda debunked these claims, stating that they do not accept crypto currency as a form of payment, but FCF Pay is the intermediary that facilitates the use of crypto currencies to buy cars. It's not just Honda; you can buy various brands like Mercedes and Ford using crypto on FCF Pay. The platform converts your digital cash into real cash, making transactions smooth. But FCF Pay doesn't partner with these companies; they just facilitate your crypto payment.

I actually am very skeptical of this when I first saw this, though this thread has now resurfaced thanks to your comment. If ever Honda did this particular move, this would have been in the news by now. However that is not the case. FCF Pay is sort of like the Bitpay of automobiles, so Honda itself does not facilitate these transactions, but they do. They buy the cars upon order, you pay them in bitcoin, and they keep the profit/loss. Pretty sure the margins aren't that friendly to the buyer at all, and with the rate that the market is going, it's rash to do a huge purchase with bitcoins. Better pay in fiat and get discounts directly from the dealership than to have all the process go through an intermediary that is FCF Pay.

Car is liability and also a necessity which makes movement convenient. Would you rather treck a 2 mile journey and keep your btc in your safe when you can use part of it to buy a car if the need arises?
Am sure you will not have a problem spending fiat to buy a car despite it being a liability  ;D

The mare thought of spending btc on goods makes people to suddenly realise what is important and what is not  :D. And this same way of thinking is the reason why majority of btc holders consider it as an asset than alternative currency.
I think btc gives people a good sense of reasoning  ;)