HSBC joins over 20,000 other customers in accepting cryptocurrency payments through FCF Pay Bill Payments, supporting Shiba Inu, DOGE, and XRP.
FCF Pay, a blockchain-based payments processor, has announced that HSBC clients can now pay their mortgage bills and loans using a range of cryptocurrencies, including Bitcoin (BTC), Ripple (XRP), and numerous popular meme coins.
This revolutionary capability, which the company revealed via a tweet on Tuesday, is a big step toward integrating cryptocurrencies into conventional financial services. The tweet reads:
“HSBC customers! We are delighted to announce that HSBC users are eligible to 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 and many more! Try it out for yourself!”
This change comes after several initiatives to include cryptocurrency in regular banking transactions. With the integration of its Visa card, FCF Pay made headlines in October 2022 by making it possible to pay for Netflix subscriptions and Amazon purchases with SHIB tokens in addition to BTC, ETH, DOGE, and other cryptocurrencies.
The ability to use tokens to pay for flights with American Airlines and Air Canada using FCF Pay’s Visa cards was another exciting development for cryptocurrency aficionados in November 2022.
The trend persisted until FCF Pay announced in February 2023 that Shiba Inu’s BONE and LEASH tokens would be accepted as payment methods for virtual debit cards, extending the list of supported cryptocurrencies beyond Bitcoin.
When FCF Pay unveiled its Crypto Bill Payments system last week, it further demonstrated its dedication to adopting cryptocurrencies. A company blog states that this solution enables customers to pay invoices to more than 21,000 businesses and even government agencies in the USA using bitcoins.
These include stablecoins like USDT on different blockchains and Bitcoin, Ethereum, Ripple, Shiba Inu, and XRP. The blog claims that this endeavor will serve the demands of the nation’s unbanked population and cryptocurrency lovers.
Notably, FCF Pay has shortened the procedure for sending cryptocurrency payments, reducing it to just three simple steps: choosing the payee, entering the billing information, and sending the Bitcoin payment.
The payment processor offers a quick turnaround, with payment execution and delivery finished in less than 48 hours. Also noteworthy is that FCF Pay offers compatibility for all varieties of cryptocurrency wallets, including centralized exchanges, enabling accessibility for a broad user base.
