FCF Pay, a well-established cryptocurrency payment processor, recently tweeted a noteworthy update. The announcement pertains to HSBC customers who possess XRP and Shiba Inu (SHIB) tokens.
The platform has recently announced the inclusion of HSBC users in the capability to utilize diverse cryptocurrencies to settle their mortgage bills and loans. This functionality is made possible through the integration with the FCF Pay platform.
The statement above was presented:
We are pleased to inform you that HSBC customers can now utilize cryptocurrencies to pay for their mortgage bills and loans via FCF Pay.
Attention, dear clients of HSBC!
We now inform you that customers of @ HSBC can utilize cryptocurrencies as a means of payment for their mortgage bills and loans, courtesy of FCF Pay.
The approved digital currencies that can be utilized for payment include Bitcoin, Ethereum, Binance Coin, Ripple, Doge, Shiba Inu, and numerous others.
— FCF PAY
Shiba Inu and XRP Can Be Used to Pay Off Loans
The notification suggests that HSBC customers now have the opportunity to utilize digital assets, which have been experiencing increasing popularity, to fulfill their banking requirements.
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The tweet provided additional information regarding the diverse range of cryptocurrencies that can be utilized for mortgage bill payments through the FCF Pay portal. The aforementioned digital assets encompass XRP, SHIB, Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The platform has officially confirmed that it provides equal support for a broader range of digital assets.
How Does Mortgage Repayment Work With This Service?
As per the bill payment portal of FCF Pay, the repayment process for the mortgage entails a concise sequence of three procedures. The process involves the careful selection of a payee, followed by the addition of pertinent billing information, culminating in the execution of the crypto payment.
FCF Pay asserts its capability to efficiently carry out the procedures involved in the timely delivery of payments, ensuring completion within a 48-hour timeframe. The cryptocurrency payment processor applies a 2% fee based on the total bill amount and a fixed statutory price of $3. The payment transaction initiated by FCF Pay users will be reflected on their respective bank statements within a maximum timeframe of two business days.
Per the provided disclosure, FCF Pay extends its support to encompass a comprehensive range of cryptocurrency wallets, encompassing decentralized and centralized exchanges. Furthermore, it has been verified that there is no integration between the platform and users’ cryptocurrency wallets. FCF Pay assures no connection is established with your wallet, thereby ensuring the utmost safety and security of your wallet.
It should be noted that the crypto payment service offered by FCF Pay is restricted solely to individuals residing within the borders of the United States. In the interim, the entity has revealed its intention to assist additional jurisdictions in subsequent periods.
The inclusion of XRP and Shiba Inu as acceptable forms of payment for mortgage obligations aligns with the company’s recent communication regarding introducing a comparable offering. According to a report by The Crypto Basic, residents of Texas now have the opportunity to utilize Shiba Inu cryptocurrency to address their energy-related financial obligations.
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