A Phoenix, Arizona headquartered Technology Solutions Company named Avnet has announced that it is working with Bitpay to accept the Cryptocurrency payments for all of its products and services that includes Bitcoin Cash (BCH). Avnet is one of the largest distributors of electronic components and embedded solutions that have been founded back in the year 1921. On the Fortune 500 list and Fortune Global 500 list it ranks 128 and 414 respectively. The electronics giant Avnet has explained that it is adding the support for the Cryptocurrency payments to provide its customers with more convenient and effective ways to complete their financial transactions.
Bitpay’s Chief Commercial Officer, Sonny Singh stated that Avnet listens to the requirements of their customers and this has been demonstrated by the decision to accept the Bitcoin payments. He also added that transactions with Bitcoin is lot more easy and faster that with the credit cards and bank wires and as well as less expensive. He is hopeful that this decision will lead the company with more new blockchain focussed customers from all corners of the world that are in search of such a service that permits them to pay with Bitcoin.
Avnet has also disclosed the fact that it has already closed several multi-million dollar Cryptocurrency transactions/ deal within the first month of accenting the Cryptocurrency such as Bitcoin payments. They are working with the Bitcoin.com to develop a new hardware wallet enabling Cryptocurrency storage providing the highest level of security for transactions which will make transaction much more immune to follow-ups. The Cryptocurrency payments service works in such a way that when the Avnet customer elects to make a purchase with the Bitcoin Core (BTC) or the Bitcoin Cash (BCH) the company along with Bitpay will verify the funds, process the order and finally complete the transactions.