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Fortune 500 technology company, Avnet, adopts encrypted payments, allowing customers to pay in Bitcoin and Bitcoin Cash for the company's software solutions. The company addresses professionals in the technology sector.
According to the announcement,
"Today's developers are looking for flexibility to market their products. This announcement offers our customers more convenient ways to make their financial transactions. "
Avnet is working with the industry leader, BitPay, who processes more than $ 1 billion a year in crypto-encrypted payments, to facilitate the new payment option.
"When a customer chooses to make a purchase with Bitcoin (BTC) or Bitcoin Cash (BCH), Avnet will work with BitPay to check the funds, process the order and finalize the transaction. Avnet and BitPay will also be able to manage and process country-by-country cryptocurrency requests outside the United States. "
The tech company is focusing on the rise of Bitcoin, which crossed 290,000 chain transactions on Saturday. Avnet says it is preparing for the changing landscape and "positions itself – and our customers – to be ready".
Avnet highlights the following benefits of crypto payment.
- Conversion rate in real time, calculated up to 15 minutes
- A flat rate of 1%, "that will look nothing" compared to traditional intermediaries
- Ease of use of online platforms
Avnet is currently working with Bitcoin.com to develop a new hardware portfolio for secure cryptocurrency storage. He states that he has already processed several multi-million dollar cryptocurrency transactions during the first month following his acceptance.
Sonny Singh, Business Manager at BitPay,
"Paying with Bitcoin is not only easier and faster than with credit cards and bank transfers, it is cheaper and its acceptance is increasing. I predict that Avnet will attract many new blockchain-based customers around the world who want to take advantage of the bitcoin payment. "
In 2016, Avnet acquired Hackster.io, a San Francisco-based company, claiming to be the fastest-growing developer community in the world for learning, programming and building hardware. Hackster, which has published a prize worth US $ 10,000 for the IOTA contest, has a global reach of nearly half a million innovators and hundreds of technology partners.
S & # 39; subscribe! @hacksterio Webinar (March 8th): Learn how IOTA technology is strengthening smart cities. Earn $ 10K in prizes and gain visibility with our industry-leading partners
Web Link: https://t.co/12GH7t3pVD
Link to the contest: https://t.co/0LhJIxW4G1#IOTA #C Smart City # Hackster pic.twitter.com/Y1p4ONqy9T– IOTA (@iotatoken) March 1, 2019
The company employs over 15,000 people at 125 sites in North America, Europe and Asia, with more than 1,400 technology providers serving 2.1 million customers in more than 140 countries. With its integrated solutions for automotive, communications, healthcare, industry, military and aerospace, security, portable and other equipment, Bitcoin will have mbadive exposure to a wide range of industries.
Avnet achieved revenue of $ 19.04 billion in 2018, ranking it 128th in the Fortune 500 rankings in 2018. Becoming the first Intel distributor in 1973, Avnet is a leading provider semiconductors, relays and potentiometers. Dell, Asus, Seagate, Fujitsu, Toshiba and Micron are among its suppliers.
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Disclaimer: Daily Hodl's advice is not investment advice. Investors should exercise due diligence before making high-risk investments in Bitcoin, Cryptocurrency or digital badets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling crypto-currencies or digital badets, and the Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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