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Two Multi-Billion-Dollar Companies Accept Bitcoin for Payments

Day in day out, several companies all over the world are taking steps to allow their customers to make payments using cryptocurrency. Now, two multi-billion-dollar companies are accepting Bitcoin for payments. These are Avnet, a Phoenix-based electronic supplier and Digitec Galaxus AG, a Swiss-based online retail store.

Companies With a Combined Value of $18.39 Billion Accept Bitcoin

Two companies with a combined value of $18.39 billion announced that they are now accepting Bitcoin for payments. The first is Avnet, a platform that offers amplifiers, capacitors, inductors, batteries and other accessories for sale. The other, is Digitec Galaxus AG, an online retail store that provides its customers with items ranging from mobile phone, Tablet, to gaming PCs.

In the case of Avnet, the company publicized its adoption of the most popular cryptocurrency on its portal. According to them, 250,000 Bitcoin transactions being processed in a day signifies a new era and as such, they are positioning themselves and clients to be a part of it.

Avnet Uses BitPay to Facilate Payments

Avnet further outlined that they will be using BitPay, a cryptocurrency payment processor to facilitate payments for their clients. A fixed fee of 1 percent has also been set which the company believes is cheaper than traditional methods of payment. Thus, all a potential customer has to do, is contact them in order for Avnet to ascertain if Bitcoin payments are legal in their country before facilitating such trades.

Digitec Galaxus AG, on the other hand, manages the Digitec and Galaxus online stores. They also revealed their plans to accept Bitcoin even though this time around, Coinify will be used as the payment processor. Likewise, a range of cryptocurrencies including Ethereum, Bitcoin cash, Litecoin, Tron, OmiseGo, and NEO are accepted.

Oliver Herren, Digitec’s CIO and co-founder had this to say about the latest development:

Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development

2019 Gets Flooded With Bitcoin Adoption by Companies

The year 2019 has been flooded with news of companies accepting Bitcoin. These are firms in different industries who have all pointed out the need to offer an easier and faster means of payments for their clients. Some instances of companies that have adopted the virtual asset include Bob Moore, a car dealership in Oklahoma.

In the same vein, a house in Australia will be auctioned live and its owner (s) is ready to accept Bitcoin and Bitcoin cash for it. BTCNN on March 12 also informed that Remus, an online store is also accepting Bitcoin for its sports car and bikes exhaust systems

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