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US Electronics Giant Avnet Now Accepts Cryptocurrency For Payment

By Mary T. | March 21, 2019
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US Electronics Giant Avnet Now Accepted Cryptocurrency For Payment

Fortune 500 electronics giant Avnet has collaborated with BitPay to allow customers to purchase electronics with cryptocurrency, according to a press release on March 19.

Avnet is providing its customers with a more convenient and flexible way of paying – via Bitcoin (BTC) or Bitcoin Cash (BCH). Bitpay will help the company to verify and process the transaction.

“By accepting bitcoin as a payment option, Avnet is continuing to break down the barriers customers face when getting their ideas to market by enabling easier access to its unique end-to-end ecosystem of design, product, marketing, and supply chain expertise at every stage of the product lifecycle. ” The press release stated that includes their work with Bitcoin.com for a new cryptocurrency wallet.

Avnet, Inc. has been one of the US largest electronics company, which has been on the Fortune 500 list for 24 years, with its 2018 income over $19 billion.

Earlier this year, a new survey by Kaspersky Labs shows that 13% of Internet users have used Bitcoin to make purchases online.

On Feb, BitPay and Wikimedia Foundation entered into a partnership to accept Bitcoin (BTC) and Bitcoin Cash (BCH) donations, reported by The Crypto Sight on Feb 10.

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