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March 19, 2019
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One of the world's largest distributors of electronic components, Avnet, has entered into a partnership with BitPay, the cryptocurrency payment provider, to accept cryptos for products and services, states the announcement.

With this decision, Avnet, which is also a Fortune 500 company, wants to facilitate secure blockchain payments for all types of customers. The Vice President of Demand Creation at Avnet, Sanny Trinh, claims the company accepts both bitcoin (BTC) and bitcoin cash (BCH).

"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," notes the announcement.

Earlier, another a Fortune 500 company, Accenture, announced it conducted its first distributed ledger technology (DLT) based transaction.

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