Global leader of electronic components and services Avnet is now accepting Bitcoin (BTC) and Bitcoin Cash (BCH) for its products and services. On Tuesday, the company announced that it is now working with a bitcoin payment service provider 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.
According to Trinh, cryptocurrency payments will reduce “the time, costs and difficulties associated with bringing products to the market.” The company also reported that during the first month of using the service, it has already closed “several multi-million dollar cryptocurrency transactions”.
The company also is working with Bitcoin.com on developing a new hardware wallet that will enable cryptocurrency storage and provide the highest level of security for transactions.
