Avnet has become the latest major enterprise to begin accepting payment in bitcoin and other cryptocurrency. On March 19, 2019, the company announced that it will allow customers to pay for goods and services using bitcoin and bitcoin cash. Crypto payment processor BitPay will facilitate the transactions.
Founded in 1921, Avnet is one of the oldest major American electronics companies. With more than 15,000 employees and net income north of $ 250 million, it’s also one of the country’s larger technology firms. Today, its business centers around helping to design and manufacturer electronics for other companies.