Honda and iStudio expand payment options with cryptocurrency

The world is undergoing a significant transformation in payment methods, driven by the impact of cryptocurrency on how transactions are carried out. With its decentralised nature and benefits, cryptocurrencies are being embraced by industries worldwide for facilitating payments. Delve into the latest advancements in the realm of crypto payments.

Crypto payments are now accepted by automobile giant Honda

Japanese automobile giant, Honda Motor Co. has joined the crypto frenzy by embracing multiple digital assets as payment options for their products. In collaboration with blockchain payment system FCF Pay, Honda now allows their customers to lease or purchase their automobiles, motorcycles, and power equipment using over 100 crypto including:

• Bitcoin (BTC)
• Ethereum (ETH)
• Ripple (XRP)
• Shiba Inu (SHIB)
• Binance Coin (BNB)
• Polkadot (DOT)

Who would imagine that apart from crash crypto gambling games, you can now buy cars using crypto too? In addition to mainstream crypto, Honda has also started accepting exotic memecoins as payment options. This includes the following:

• Pepe Coin (PEPE)
• Floki Inu (FLOKI)
• Bone ShibaSwap (BONE)
• Doge Killer (LEASH)

FCF Pay has conveyed its dedication to extending the availability of this service to additional countries in the near future. The company aims to facilitate crypto payments for Honda products on a global scale, indicating its intention to broaden the reach of this innovative payment option beyond the borders of the United States.

Adding to Honda’s embrace of crypto payments, the company has also made another significant leap in the world of non-fungible tokens (NFTs). During the FORMULA 1 Honda & Red Bull welcome event held in Tokyo, Honda unveiled an exclusive limited edition NFT specifically for the Japanese market. This signifies their involvement and recognition in the world of digital collectables.

Crypto payments now accepted at iStudio through Triple-A

iStudio, an Apple Premium Reseller in Singapore, has embraced the growing trend of cryptocurrencies in the retail world. By partnering with Triple-A, a crypto payment gateway authorised by the Monetary Authority of Singapore (MAS), iStudio now allows customers to buy products at specific stores using their digital currencies.

The goal of this partnership is to enhance the shopping experience for iStudio customers. They have stated that by accepting crypto as a payment option, they can attract a wide range of tech-savvy customers who prefer to make payments using digital currencies. This will result in positive outcomes as both iStudio and its customers can enjoy the benefits of lower transaction fees and reduced fraud risks associated with chargebacks.

iStudio’s Head of Marketing, Jeremy Lin, highlights the advantages of partnering with Triple-A. He mentions that Triple-A’s ability to instantly convert crypto into fiat currency and facilitate next-day bank settlements protects iStudio from the volatility of crypto prices.

Expressing great enthusiasm, Triple-A CEO Eric Barbier emphasised the convenience and security that the partnership brings to iStudio’s valued customers. Barbier highlighted Triple-A’s commitment to supporting iStudio in seamlessly accepting crypto, a move that is expected to result in expanded customer outreach, increased revenue, and optimised operational costs.

Future of crypto payments

Crypto is expected to continuously revolutionise many more industries in the near future. The smooth transactions, convenience, cost-effectiveness, and other advantages it offers are the key driving factors behind this impending revolution. Whether engaging in crash crypto gambling or purchasing automobiles, individuals will soon have the ease and flexibility to transact using cryptocurrency across diverse sectors.