HSBC Customers Can Now Pay Their Mortgage With SHIB, XRP, DOGE

In a groundbreaking move, FCF Pay, a blockchain-based payments processor, has announced that HSBC customers can now settle their mortgage bills and loans using a variety of cryptocurrencies, including Bitcoin (BTC), Ripple (XRP)  as well as several top meme coins.

This game-changing feature was announced via a tweet by the firm on Tuesday, marking a significant step toward cryptocurrency integration into traditional 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!”

Cryptocurrency Integration into Mainstream Finance

This development follows a series of moves aimed at integrating cryptocurrencies into mainstream financial transactions. In October 2022, FCF Pay made headlines by enabling the use of SHIB tokens aside from BTC, ETH, DOGE and other cryptos for purchasing Netflix subscriptions and shopping on Amazon, facilitated through the integration of FCF Pay’s Visa card.

Moreover, in November 2022, crypto enthusiasts were thrilled to learn that they could utilize their tokens to purchase flight tickets with American Airlines and Air Canada through FCF Pay’s Visa cards.

The momentum continued into February 2023 when FCF Pay announced the addition of Shiba Inu’s BONE and LEASH tokens as payment options for its virtual debit cards, expanding the range of supported cryptocurrencies beyond Bitcoin.

Banking the Unbanked With Crypto

FCF Pay’s commitment to crypto adoption was further underscored last week when the company launched its Crypto Bill Payments system. According to a blog by the firm, this product allows users to settle bills to around 21,000 companies and even public administrations in the USA with cryptocurrencies. These include Bitcoin, Ethereum, Ripple, Shiba Inu, and stablecoins like USDT across various blockchains. As per the blog, this initiative will not only benefit cryptocurrency enthusiasts but also address the needs of the unbanked population in the USA.

Notably, FCF Pay has streamlined the cryptocurrency payment process, simplifying it to just three easy steps: selecting the payee, inputting the billing information, and sending the cryptocurrency payment. Additionally, the.  payment processor boasts a swift turnaround, with payment execution and delivery completed within 48 hours. It’s also worth noting that FCF Pay extends its support to all types of cryptocurrency wallets, including centralized exchanges, ensuring accessibility for a wide range of users.

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Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.