Honda Accepts Payments in Ripple, Dogecoin, and Other Cryptos
Honda Motor Co, the Tokyo-based car manufacturer, has partnered with FCF Pay to enable customers to buy or rent Honda products using cryptocurrencies such as Ripple (XRP) and Dogecoin (DOGE). The FCF Pay for Honda blockchain payment system supports a total of 46 different cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as meme coins like Shiba Inu (SHIB) and Floki Inu (FLOKI).
Honda Introduces NFTs in Collaboration with Animoca Brands Japan
In addition to accepting crypto payments, Honda has also recently announced its entry into the world of non-fungible tokens (NFTs). At the FORMULA 1 Honda & Red Bull event in Tokyo, Honda distributed limited edition Honda KEY NFTs to fans who participated in the ticket lottery. Attendees of the event also received commemorative NFTs. This launch was made possible through a collaboration with Animoca Brands Japan, which supports the Web3 strategies of Japanese intellectual property and content owners.
Price Trends of Ripple (XRP) and Dogecoin (DOGE)
When looking at the price charts for Ripple (XRP) and Dogecoin (DOGE), it is evident that both cryptocurrencies have been following the bullish trend of Bitcoin over the past seven days. XRP is currently valued at $0.52, while DOGE is worth $0.063. Both have experienced a 5% price increase in the last week. However, their performance over the past month differs slightly. XRP has already returned to its pre-SEC win price levels after experiencing a significant jump in July. On the other hand, DOGE has remained relatively stable and is the second most popular alternative to Bitcoin this year.
Hot Take: Honda Embraces Cryptocurrencies and NFTs
Honda’s decision to accept cryptocurrency payments and venture into the NFT space demonstrates its willingness to embrace emerging technologies. By partnering with FCF Pay, Honda provides customers with greater flexibility in purchasing its products. Additionally, the collaboration with Animoca Brands Japan allows Honda to engage with fans through limited edition NFTs. This move not only caters to the growing popularity of cryptocurrencies but also positions Honda as an innovative brand in the automotive industry.
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