Large Swiss online retailer accepts cryptocurrencies

Summary:

  • One of the world’s largest tech solutions provider to enable cryptocurrency payments
  • Top Switzerland’s online retailer starts accepting cryptos
  • Bitcoin climbs another day in a row

Wednesday’s trading on the cryptocurrency market has not been surprising so far. Most of major cryptos have not experienced major price moves. As a result, they have moved close to their opening prices. According to CoinMarketCap, the market capitalization of the cryptocurrency market stands around the $140 billion mark while the largest virtual currency Bitcoin accounts for roughly 50.8% of this value at press time.

Wednesday has been another quite a boring day for Bitcoin (BITCOIN on xStation5). The cryptocurrency has managed to distance from its today’s opening price. As a result, Bitcoin is trading at around the $3980 handle at press time. Source: xStation5

Avnet to accept crypto payments

Avnet, the US-based leading technology solutions provider, announced on Tuesday that it was cooperating with the largest blockchain payment provider BitPay to start accepting crypto payments, as the company’s press release reported. The company thinks that yesterday’s announcement “provides our customers with more convenient ways to complete their financial transactions”. Moreover, the company’s publication indicates that Avnet could accept both Bitcoin and Bitcoin Cash. What’s interesting, a spokesperson for the company told CoinDesk that Avnet will become the third largest US tech company accepting cryptocurrency payments as only Microsoft and Dell accepts such payments among larger than Avnet companies.

Ethereum (ETHEREUM on xStation5), like its bigger peer Bitcoin, has not experienced any major price movements during the first part of today’s trading. Moreover, the second largest cryptocurrency has been trading a little above its 50-period moving average (a light green line) on the daily chart today. Source: xStation5

Top Switzerland’s e-retailer accepts cryptocurrencies

The largest Swiss online retailer, Digitec Galaxus Group, announced yesterday that it started accepting 10 major cryptocurrencies in its two shops - Digitec and Galaxus. The first of the mentioned online shops focuses on consumer electronics, and the latter sells everyday products. Among the accepted digital currencies we could find the largest virtual currency Bitcoin as well as some major altcoins including Ethereum, Ripple, and Litecoin, according to the company’s communique. However, there is a requirement concerning the spent amount of money. Namely, customers could pay using cryptocurrencies for their purchases exceeding 200 Swiss francs.

Ripple (RIPPLE on xStation5) has been trading quite flat since the beginning of March. On the one hand, the cryptocurrency has not managed to clearly break its 50-period moving average (a light green line) on the D1 chart. On the other hand, the $0.30 handle seems to be a technical obstacle for Ripple bears. Source: xStation5

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