Crypto Enthusiasm Revs Up: Honda Pioneers Crypto Payments with Ripple (XRP) and Dogecoin (DOGE)
Crypto News – Honda, the Tokyo-based automotive giant, is embracing the world of cryptocurrencies through a strategic partnership with FCF Pay. This collaboration now enables customers to purchase Honda products using various cryptocurrencies, including Ripple (XRP) and Dogecoin (DOGE).
Honda Embraces Crypto Payments with FCF Pay
Honda Motor Co., a prominent manufacturer of cars, motorcycles, and electrical equipment based in Tokyo, has joined forces with FCF Pay to facilitate cryptocurrency payments. Precisely, Honda is allowing customers to either rent or purchase their products using cryptocurrencies such as Ripple (XRP) and Dogecoin (DOGE).
In a tweet revealing this collaboration, an image showcased the extensive list of 46 cryptocurrencies supported by FCF Pay for Honda’s blockchain payment system. Alongside the well-known options like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), there are meme-inspired cryptocurrencies such as Shiba Inu (SHIB), Pepe Coin (PEPE), Floki Inu (FLOKI), Bone ShibaSwap (BONE), Doge Killer (LEASH), and others.
Buying Honda Products with Crypto: Ripple (XRP) and Dogecoin (DOGE)
This recent move by Honda to embrace cryptocurrency payments is complemented by another exciting development involving Non-Fungible Tokens (NFTs). During the FORMULA 1 Honda & Red Bull welcome event held in Tokyo, Honda unveiled a limited edition NFT in Japan.
Honda distributed Honda KEY NFTs to all fans who participated in the FORMULA 1 Honda & Red Bull ticket lottery held in September. Attendees of the event also received commemorative NFTs, distributed to ticket holders post-event. Honda encouraged its fans to visit the Honda stand at the 2023 F1 Japanese Grand Prix at the Suzuka Circuit to partake in this unique offering.
The launch of Honda’s distinctive NFTs was a collaborative effort with Animoca Brands Japan, established to support the global Web3 strategies of Japanese intellectual property and content owners.
XRP and DOGE Price Overview
Analyzing the price charts of Ripple (XRP) and Dogecoin (DOGE), it’s evident that both are following a bullish trend akin to Bitcoin, at least over the past 7 days.
Presently, XRP is valued at $0.52, while DOGE is valued at $0.063. In total, both have experienced a price increase of +5% over the past week.
However, the monthly outlook differs. XRP has shown a +5% increase, while DOGE has maintained a similar position.
XRP has already bounced back to its pre-SEC win price levels. Notably, on July 13th, XRP surged from $0.47 to $0.81. Since the subsequent month until today, XRP has rebounded to $0.50.
On the other hand, Dogecoin, famously favored by Elon Musk, does not seem to have witnessed a highly volatile 2023 in terms of prices. Conversely, an analysis conducted last month revealed that DOGE holds the position of being the second most popular alternative to Bitcoin this year. This was based on global Google searches, excluding Bitcoin, where DOGE emerged as the most popular after Ethereum.