Post
Topic
Board Economics
Re: Honda Now Accepts Bitcoin and Ethereum As Payment Methods
by
Mr. Magkaisa
on 07/10/2023, 13:55:32 UTC
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.

 -  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.