Avnet has incorporated BitPay as a payment method. Step two is making its own .
On Tuesday, March 19, Fortune 500 company Avnet, one of the biggest distributors of electronic components in the world, that its can pay for products and services using or cash.
To facilitate digital currency transactions, Avnet has partnered with the popular payment platform BitPay, which will be responsible for processing and verifying transactions. Through this collaboration, outside the US will be able to request that payments be made in digital currency, though these requests will be processed on a “country-by-country basis.”
Sunny Trinh, vice president of demand creation at Avnet, said, “We’re working with BitPay to facilitate secure payments for all types of so they can focus on developing their products, not how to pay for them. Whether it’s or Cash, we can handle it.”
In the first month of accepting digital currency as a form of payment, Avnet says, “several multi-million-dollar transactions” have already been processed. Avnet is also working with .com to develop a new hardware to provide its with more security.
Avnet believes that its acceptance of as a payment option will help get their ideas to the 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.”
Avnet has not been previously active in the and crypto space, but BitPay has been at the forefront of the crypto industry and crypto – though not always for positive reasons. In November 2018, BitPay’s Copay was with malware used to access private keys and steal . That same day, the state of Ohio it would leverage BitPay to allow business owners to pay taxes using .
Nathan Graham is a full-time staff writer for ETHNews. He lives in Sparks, Nevada, with his wife, Beth, and dog, Kyia. Nathan has a passion for new technology, grant writing, and short stories. He spends his time rafting the American River, playing video games, and writing.
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Published at Tue, 19 Mar 2019 23:12:47 +0000
