FCF Pay Enables Bitcoin Miners to Pay Bills with SHIB and XRP
Recently, Canada-based crypto payments platform FCF Pay has broadened its support for various cryptocurrencies, including XRP and Shiba Inu (SHIB). Consequently, the company now allows Bitcoin miners and other customers to settle their electricity bills using a range of digital assets.
FCF Pay Offers Crypto Card Flexibility
However, it’s essential to understand that none of the American companies associated with FCF Pay’s Bill Service currently accept direct crypto payments. Instead, all cryptocurrency transactions are channeled through the FCF gateway. Here, they undergo conversion to fiat currency by an automated system. Once this conversion process concludes, the respective bills are settled in fiat. According to FCF Pay, this procedure typically spans 24 to 48 hours.
If FCF’s list doesn’t feature a customer’s preferred electricity provider, they can use a crypto card to pay their bills. This flexibility is an added advantage for users needing help finding their listed providers.
Ripple’s License Boosts Crypto Business Acceptance
Additionally, FCF Pay’s recent announcements have showcased its expanding reach. Besides enabling Chase Bank customers to address their mortgages and credit card loans with crypto, the platform has incorporated Honda and HSBC into its list of supported companies. Hence, while HSBC clients can now clear their mortgages and loans using digital assets, Honda enthusiasts have the opportunity to acquire vehicles using FCF Pay’s array of supported coins, such as SHIB and XRP.
Significantly, FCF Pay’s service isn’t limited to utility bills or vehicle purchases. The platform extends its crypto payment services to over 20,000 American firms, including notable names like PayPal, American Airlines, Walmart, and Amazon.
Besides FCF Pay’s advancements, the crypto world witnessed Ripple’s commendable achievement. The company recently secured in-principle approval for its Major Payments Institution (MPI) license from the Central Bank of Singapore. This development underscores cryptocurrency solutions’ increasing practicality and acceptance in the business and financial sectors.
Read Also: XRP Lawsuit Trial Date Locked In April 2024; Any Further Change?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Why Is Crypto Market Up Today?
- Trump Tariffs: Crypto Market Surges After $400B Dividend Announcement for Americans
- Michael Saylor Hints Bitcoin Buy As Goldman Sachs Predicts Three Fed Rate Cuts
- What’s Behind Ethereum’s Drop: Macro, TVL, DeFi & Liquidity Zones
- Bitcoin ETFs Record Biggest Daily Outflow Since August as OG Whales Cash Out
- After a 17% Jump, Is Litecoin Price Rebound Sustainable Amid Dominant Sell Activity?
- Cardano Price Soars 10% Amid Retail Accumulation: Will Bulls Target $1?
- Bitcoin Price: How Low BTC Could Fall by the End of 2025?
- Post-Giveaway Supply Shock: Impact on FUNToken’s Liquidity and Market Depth
- Aster Price Poised to Hit $2 as Coinbase Adds ASTER to Listing Roadmap
- Filecoin Price Rockets 51% as Grayscale’s FIL Holdings Hit Record High — What’s Next for FIL?
