- HSBC collaborates with FCF Pay to accept cryptocurrency payments for mortgages.
- Supported cryptocurrencies include Bitcoin, Ripple, Shiba Inu, Ethereum, and Dogecoin.
- The service is currently available exclusively to residents of the United States.
FCF Pay’s cryptocurrency payment service is exclusively available to residents of the United States.
HSBC, the banking giant, has entered into a partnership with the blockchain-based payment processor FCF Pay, enabling HSBC customers to settle their mortgage payments and loans using specific cryptocurrencies.
The supported cryptocurrencies include Bitcoin (BTC), Ripple (XRP), Shiba Inu (SHIB), Ethereum (ETH), and Dogecoin (DOGE). This means that HSBC clients now have the option to make mortgage payments using these digital assets.
The process is straightforward: first, select the recipient for the cryptocurrency payment, and then provide payment information. Payments are typically processed within 2 days, with FCF Pay imposing a 2% fee on the total bill, along with an additional $3 charge.
Notably, FCF Pay is compatible with all cryptocurrency wallets and ensures their security. Presently, this service is only accessible to residents of the United States, but there are plans to expand its availability to other regions in the future.
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.