- Avnet develops software solutions designed for professionals in the technology industry.
- BitPay to work with Avnet to verify both BTC and BCH payments.
Avnet, a leading technology company is the latest to boost the mainstream adoption of two of the world’s major cryptocurrencies, Bitcoin (BTC) and Bitcoin Cash (BCH). The firm’s adoption of the coins gives customers an option of paying for services using both BTC and BCH. Currently, Avnet develops software solutions designed for professionals in the technology industry.
“Today’s developers are looking for flexibility as they take their products to market, and this announcement provides our customers with more convenient ways to complete their financial transactions,” the announcement said.
The adoption has been made possible following the partnership with BitPay, a platform that records more than $1 billion yearly in crypto payments.
The announcement continued:
“When a customer elects to make a purchase with Bitcoin (BTC) or Bitcoin Cash (BCH), Avnet 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 US on a country-by-country basis.”
Avnet has a mission to revolutionize the crypto landscape by positioning the company and its clients in readiness for the change. A hardware wallet is already being developed with help from Bitcoin.com which will offer secure storage for digital assets.
The chief commercial officer at BitPay, Sonny Singh said in regards to the partnership:
“Not only is paying with Bitcoin easier and faster than with credit cards and bank wires, it is less expensive and acceptance of it is growing. I predict Avnet will attract many new blockchain-focused customers from around the world that want to take advantage of paying with bitcoin.”