UPS Might Be Creating A Locker That Accepts Bitcoin

Global shipping company, UPS may be looking at accepting bitcoin through an item-exchange locker service.

UPS is keeping an eye on a system of locker banks that can take digital forms of payment, according to an application released by the USPTO (U.S. Patent and Trademark Office) on Thursday. In addition to traditional payment systems, the patent filing lists bitcoin as a possible currency to pay with.

“In example embodiments, the locker bank may include a point-of-sale (POS) system for accepting payment from users in the form of: (1) a cash transaction; (2) a credit or debit card transaction; (3) a gift certificate; (4) an electronic payment, such as payment by Google Pay, Apple Pay, PayPal, Bitcoin; and/or (5) any other suitable type of payment.”

The filing is the latest example of a patent application that lists bitcoin as a possible payment method. While this isn't indicative that companies are moving as a group to accept the cryptocurrency, its to be included as an option highlights its profile as a digitized medium of exchange.

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