As major international banks and other financial institutions began to embrace blockchain technology and cryptocurrencies for several months, HSBC was content to observe, or even ignore, these. But the saying goes: better late than never “. Thus, the banking giant with $3,000 billion in assets decided to make up for lost time. An alliance with blockchain payment processor FC Pay has been established. Objective : authorize HSBC customers to pay their dues with cryptos like Shiba Inu, XRP, etc.
XRP, SHIB, BTC… your mortgage payments at HSBC in crypto
Roughly 12 months separate the clarifications from Noel Quinn, CEO of HSBC, regarding cryptocurrencies and this historic about-face. Didn’t he say at the time that ” as a bank we do not enter in the world of crypto, crypto trading and crypto exchanges » ?
Too volatile to his taste, crypto-assets deserve no place in the ecosystem of the Hong Kong and Shanghai Banking Corporation Limited.
“ Dear HSCB customers!
We are delighted to announce that HSBC customers can pay their mortgage bills and loans with cryptocurrencies through FCF Pay.
Some of the accepted cryptocurrencies you can pay with: Bitcoin, Ethereum, Binance Coin, Ripple, Doge, Shiba Inu + many others!
Try it yourself! »
THE attached link by FCF Pay to this tweet links directly to the page “ Bill payments “. The following details are highlighted:
“ FCF Pay Bill Payments offers new possibilities for using your cryptocurrency. Compatible with over 20,000 stores, credit cards, banks, sellers, automobiles, utilities and more. FCF Pay allows you to easily pay your bills in cryptocurrency.
This service is currently not only available in the United Statesbut other regions will soon join the list. »
Looking at how things are developing, HSBC did not choose its partner at random. If the goal is to conquer crypto-enthusiasts, and to democratize bitcoin, (FCF).
Only problem : FCF Pay is currently only available to Americans. In Europe, some cryptocurrency holders have already taken a liking to the conveniences of Swiss Bitcoin Pay. Internationally, Binance Pay has no shortage of assets in the eyes of fans of bitcoin, XRP, Shiba Inu and other cryptocurrencies.
The Shiba crypto community woke up on the right foot!
The ShibArmy is one of the first to celebrate this association between HSBC and FCF Pay.
“ SHIB can pay your mortgage payments through HSBC.
The adoption of cryptocurrencies by this banking giant via FCF Pay for US residents.
Hello ShibArmy.
It’s hot ! »
Thus, the SHIBs that you hold in your crypto wallet can now be used to regularize your mortgages. As well as your loans from HSBC.
A boon for the Shiba community who are impatiently awaiting theadvent of a SHIB crypto bull run so you can easily pay bills.
Moreover, XRPwhich is beginning to conquer the hearts of the leaders of large institutions, attributes itself more visibility through this initiative of HSBC. Like BTC, ETH, DOGE, BNB and other crypto currencies mentioned in the official press release, Ripple’s native crypto continues to accumulate charts after a long legal battle against the SEC.
Regarding the FCF Pay crypto payment process, The Crypto Times highlighted its simplicity. Selecting the recipient of funds and entering payment data will be enough.
Note that FCP Pay has promised to process these crypto transactions in just two days. A 2% commission on the invoice and an additional 3 dollars will be taken occasionally.
The path traveled by cryptocurrencies was long, rocky and strewn with pitfalls. And the democratization of these digital assets among banks was not an easy task. However, it must be recognized that certain banking institutions seem to have moved ahead in this direction. The lesson recently given by German banks to Westerners is proof of this.
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