Post
Topic
Board Economics
Re: Honda Now Accepts Bitcoin and Ethereum As Payment Methods
by
Silberman
on 02/10/2023, 22:09:19 UTC
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.

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.
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.