Post
Topic
Board Economics
Re: Honda Now Accepts Bitcoin and Ethereum As Payment Methods
by
Fiatless
on 03/10/2023, 17:16:14 UTC
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?
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.

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

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