• Thu, 22 Aug 2019, 09:23 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Fortune 500 company Avnet starts accepting bitcoin via BitPay partnership

Wed, 20 Mar 2019, 07:44 am UTC

Avnet, a U.S.-based technology solutions provider, has announced that it has started accepting cryptocurrency for its products and services via its partnership with blockchain payment provider BitPay.


Avnet said that the digital payment option will add flexibility and provide its customers with more convenient ways to complete their financial transactions.

In its official release, Avnet explained that when a customer elects to make payment using Bitcoin (BTC) or Bitcoin Cash (BCH), it will work with BitPay to verify the funds, process the order and complete the transaction. Avnet and BitPay will also have the ability to manage and process cryptocurrency requests outside the U.S. on a country-by-country basis.

“We’re working with BitPay to facilitate secure blockchain payments for all types of customers so they can focus on developing their products, not how to pay for them. Whether it’s Bitcoin or Bitcoin Cash, we can handle it,” said Sunny Trinh, vice president of demand creation, Avnet.

Avnet further said that it has already closed several multi-million-dollar cryptocurrency transactions within the first month of accepting bitcoin. This includes working with Bitcoin.com to develop a new hardware wallet that will further enable cryptocurrency storage and provide the highest level of security for transactions.

“As one of the largest global technology solution providers on the Fortune 500 list, Avnet is truly an innovative company that listens to the needs of their customers, as demonstrated by their decision to accept bitcoin payments,” said Sonny Singh, chief commercial officer, BitPay.

Earlier this year, the Wikimedia Foundation also partnered with BitPay to accept bitcoin cash (BCH) and bitcoin core (BTC) donations.

More recently, Digitec Galaxus AG, the largest online retailer in Switzerland, announced that it has started accepting bitcoin and other cryptocurrencies.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,989.47 (-2.13%)
  • Ethereum (ETH) $186.41 (-0.91%)
  • XRP (XRP) $0.264100 (-0.61%)
  • Bitcoin Cash (BCH) $297.60 (-0.93%)
  • Litecoin (LTC) $72.60 (+0.35%)
  • Bitcoin (BTC) $9,989.47 (-2.13%)
Aug 22, 2019 (Thursday)
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
07:24
Travelport, IBM, BCD Travel to develop blockchain solution for hotel commissions
07:19
Trade.io ends relationship with Forbes CryptoMarkets portal
06:25
Winklevoss twins-owned crypto exchange Gemini expands to Australia
06:20
South Korea’s Woori Financial to develop blockchain-based financial services with Ground X
06:17
Crypto Technicals: Bitcoin Gold hits 5-month lows below $13, momentum studies bearish
05:39
Digital securities platform Securitize becomes SEC-registered transfer agent
04:01
Indian Supreme Court grills RBI for cryptocurrency banking ban
03:49
Cryptopia customers did not have individual wallets; liquidator Grant Thornton to manually determine crypto ownership
03:34
Korean crypto exchange Prixbit shuts down over financial crisis
03:31
Crypto Technicals: BTC/USD below $10K, breach of 'Symmetric Triangle' could plummet prices further
Aug 21, 2019 (Wednesday)
12:56
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:25
European Commission looks into “potential anti-competitive behavior” of Facebook's Libra: Report
11:10
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
10:40
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
10:21
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
09:17
Austrian telecom giant A1 to offer cryptocurrency payment option
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft