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UPS to Accept Payment in Bitcoins? It’s On the Horizon
UPS to Accept Payment in Bitcoins? It’s On the Horizon
Another shipping company has now joined the global blockchain revolution, this time it’s UPS. According to a filing with the U.S. Patent and Trademark Office (USPTO), the global shipping giant is considering setting up
Here’s how it works: As outlined in the USPTO filing document, a seller can leave an item inside a locker (which can be rented) for the buyer to pick up later-on by entering the designated payment, thus completing the transaction.
The aim is to create a point-of-sale (POS) system that accepts the following payment methods:
Electronic payment (Google Pay, Bitcoin Eth Locker , PayPal, Bitcoin, etc.)
only time will tell whether this kind of locker bank system will appeal to the general public and whether people are willing to use Bitcoins to pay for UPS packages. Eth Locker , only time will tell whether this kind of locker bank system will appeal to the general public and whether people are willing to use Bitcoins to pay for UPS packages.
This is not the first time that UPS expressed its intention to dabble in the blockchain industry. In November, the company joined
called the Blockchain in Trucking Alliance, focused on the trucking and shipping industry.
On joining the consortium, Linda Weakland, UPS director of enterprise architecture and innovation, stated:
“The technology has the potential to increase transparency and efficiency among shippers, carriers, brokers, consumers, vendors and other supply chain stakeholders.”
With today’s announcement Eth Locker , we are starting to see a trend where shipping companies — which make up a vital part of the global economy — are leaning towards using Bitcoin as a
Over the past two years, more than 50 filings released by the USPTO mentioned the leading cryptocurrency as a possible inclusion into their payment systems (such as
also made significant progress in developing a blockchain-based platform for its daily business operations. It might not be long before the entire sector moves into the blockchain technology.
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