Honda accepts crypto payments such as Ripple and Dogecoin

MARKET_WATCH Crypto

Honda, the Tokyo-based car giant, is ‘opening its engines’ to cryptocurrencies. 

 

Thanks to a partnership with FCF Pay, it is now possible to buy Honda products in a variety of cryptos, including Ripple (XRP) and Dogecoin (DOGE).  Honda accepts payments in Ripple, Dogecoin and other cryptos with FCF Pay Tokyo-based car, motorcycle and electrical equipment manufacturer Honda Motor Co has partnered with FCF Pay to accept payments in crypto.  

 

Specifically, Honda will allow customers to rent or buy the company’s products in cryptos such as Ripple (XRP) and Dogecoin (DOGE).  In fact, the image posted with the tweet shows no less than 46 cryptos supported by the FCF Pay for Honda blockchain payment system, with other cryptos alongside the classics of bitcoin (BTC), ethereum (ETH) and litecoin (LTC).  

 

In fact, in addition to DOGE, the list includes other memecoins such as Shiba Inu (SHIB), Pepe Coin (PEPE), Floki Inu (FLOKI), Bone ShibaSwap (BONE), Doge Killer (LEASH) and others. Honda products purchasable in crypto like Ripple (XRP) and Dogecoin (DOGE) Honda’s new openness to crypto payments joins another recent piece of news regarding NFTs.  

 

In fact, at the FORMULA 1 Honda & Red Bull welcome event in Tokyo, Honda announced a new limited edition NFT in Japan.  Basically, Honda distributed Honda KEY NFTs to all fans who entered the FORMULA 1 Honda & Red Bull ticket lottery back in September. Event attendees also received a commemorative NFT, which was distributed to ticket holders after the event.  

 

Honda invited its fans to physically present themselves at the Honda stand at the 2023 F1 Japanese Grand Prix at the Suzuka Circuit.  

 

This launch of Honda’s signature NFTs was in collaboration with Animoca Brands Japan, which was established to support the global Web3 strategies of Japanese intellectual property and content owners.  

 

The price of XRP and DOGE Looking at the charts of the two cryptos Ripple (XRP) and Dogecoin (DOGE), it appears that both are following the bullish trend of bitcoin, at least over the last 7 days.  

 

Specifically, XRP is now worth $0.52, while DOGE is worth $0.063. In total, both have seen a price pump of +5% over the past seven days.  However, the monthly picture is different. While XRP is pumping +5%, DOGE is in a similar situation.  

 

XRP has already returned to its pre-SEC win price levels. In fact, it was on the 13th of July that XRP jumped from $0.47 to $0.81. From the following month until today, XRP has already returned to $0.50.  

 

DOGE, Elon Musk’s favourite memecoin, does not seem to have had a frothy 2023 in terms of prices. On the contrary, an analysis last month showed that DOGE is the second most popular alternative to bitcoin this year.  

 

Basically, based on searches made by users around the world on Google and excluding bitcoin, DOGE was found to be the most popular after Ethereum. 

 

Source : The Cryptonomist / October 02, 2023

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