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   862

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.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   189

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.