UPS to Create Locker That Accepts Bitcoin

Global shipping giant UPS intends to build a storefront full of lockers for people to purchase items from without interacting with salespeople
02 February 2018   1160

The US patent office revealed a United Parcel Service (UPS) patent application for a computerized item exchange “locker bank” that accepts numerous forms of payment including Bitcoin.

Global shipping giant UPS intends to build a storefront full of lockers for people to purchase items from without interacting with salespeople. The system of lockers where a party trading or selling an item can leave it in the locker for a buyer to pick up at their convenience. Some of these lockers may be configured to accept payments if the parties are renting the locker.

An in-person exchange between private individuals, or other entities, of items sold via a classified ad (such as a traditional or online classified ad), online auction, or online retail sale, can be undesirable due to the inherent danger of exchanging valuable items or cash with strangers. Accordingly, there is a need for improved systems and processes for facilitating such exchanges in a safe and convenient manner.


The patent application

It is also stated that in example embodiments, the locker bank may include a point-of-sale (POS) system for accepting payment from users in the form of: a cash transaction;  a credit or debit card transaction; a gift certificate; an electronic payment, such as payment by Google Pay, Apple Pay, PayPal, Bitcoin; and/or any other suitable type of payment.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   149

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.