Post
Topic
Board Economics
Re: Honda Now Accepts Bitcoin and Ethereum As Payment Methods
by
Porfirii
on 04/10/2023, 14:07:07 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.

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.