Global shipping giant UPS accepts Bitcoin via locker service

UPS has filed a patent with the US patent and Trademark Office (USPTO) for an item-exchange locker service. The patent was released on Thursday by USPTO.

The patent describes a system of lockers. Traders will leave the item on the locker and a buyer can pick at will. Parties can rent the locker, for instance. Thus, it will facilitate exchange of ownership of a physical item dealt on a marketplace. An example is an online or traditional marketplace deal.

“In particular embodiment, each locker in the computerized locker bank comprises one or more imaging devices for allowing a potential purchaser to view an item (e.g., stored within a locker) before purchasing the item and retrieving it from the locker.”

Also Read: Brisbane Airport partners with TravelbyBit to accept cryptocurrency payments

The service will be using by banks to take digital forms of payment such as Bitcoin. It will also include other traditional forms of payment such as PayPal, Bitcoin, Google Pay, Apple Pay, gift certificate and other “suitable types of payments.”

Customers can get refunds in cryptocurrency too.

The patent indicate continued innovation in the cryptocurrency and Bitcoin space. USPTO released more than 20 patent filings last year.

Tags
Show More

Sara Noah

Sara Noah is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

11 + 16 =

Back to top button
Close