Avnet starts offering bitcoin payment option

Posted 20 March, 2019

The Fortune 500 company Avnet announced cooperation with payment provider BitPay targeting support of bitcoin and other cryptos in payments for its products and services. 

One of the leading technology solution provider from Fenix (Arizona) stated in the press release unveiled on March 19 that the decision for the expansion of the payment means was driven by the intention of the company to offer its clients more flexibility, which would entail wider range of the solutions for performing transactions while launching their products in the market.

For that purpose, the company has entered in the partnership with the major blockchain payment provider BitPay.

Avent's representative Sunny Trinh commented on this cooperation:

"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."

In the press release, Avnet explained that once users decide to make transactions in cryptocurrencies, in particular, bitcoin/Bitcoin Cash, it will address to BitPay which will check and "verify the funds, process the order and complete the transaction". Besides, it was noted that the customers will enjoy an option for crypto transactions not only in the USA but also in other countries. This service will be allowed on a "country-by-country basis".

The press release sums up:

"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."

Along with this move, Avent is also said to cooperate with Bitcoin(dot)com to create a hardware bitcoin wallet that may offer the highest level of transaction security.

It should be mentioned, some members of the cryptocurrency community calling for abandoning the use of BitPay services citing self-actions of the company. In particular, it was stated that the payment provider stopped supporting standard model of payment request demonstration to final users covered by BIP21 without any notifications and discussions with the bitcoin protocol team.

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