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   469

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.

Australia joins the crypto-discussions arena with Bitcoin & Blockchain Fair

The inaugural Bitcoin and Blockchain Fair will be presented at the Sydney Showgrounds on May 12-13 with an all-round program about cryptocurrency and blockchain
21 April 2018   44

A high profile event in cryptocurrency and blockchain is coming to Sydney, Australia on May 12-13 – Bitcoin and Blockchain Fair. The conference will provide a platform to interact and discuss on all areas of the cryptocurrency and blockchain technology sectors (fintech, investment, venture capital, regulation, ICO, etc.), current opportunities and perspectives in the form of a Forum and an Exhibition Showcases.

The Exhibition Showcase that will allow to exhibit showcases and engage with crypto services providers, government and fintech startups. Forum is the bulk of the conference and is comprised of 2-day sessions to allow international speakers and industry leaders of the crypto and blockchain sectors a chance to share their expertise. May 12 is focusing on cryptocurrency and ICO engagement; May 13 wil cover blockchain technology overview, case studies, solutions and future trends.

The fair is organized by ABF Business and Principal Sponsor Coinspot. Exhibitors and Speakers include attendees from Asia, Europe and USA together with key Australian high profile crypto & blockchain enterprises. The full agenda of the event can be found here.