UPS to Accept Payment in Bitcoins? It’s On the Horizon

UPS

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 a system of locker banks so that it could take in Bitcoin as payment.  

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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 …

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