Wait a second...does this mean that UPS is getting into the crypto payment business? As in they're going to let people/businesses receive payments via crypto?
Wait a second...does this mean that UPS is getting into the crypto payment business? As in they're going to let people/businesses receive payments via crypto?
yes, in their application to the USPTO they requested permission to accept bitcoin as a form of payment.
If they accept other coins as well, this could be HUGE for crypto. It might mean being able to use crypto in a lot more places.
But, if they only accept bitcoin, it's not that great, as the fees are still pretty high.
I agree. I feel that this is only the beginning. People will complain about the high fees and UPS will have no choice but to adopt another form of crypto. As much as I am opposed to Ripple (XRP) that may be an option only because of their test network with MoneyGram, but I think even Litecoin would be an even better option. Your thoughts?
Also, I read an article today that Ebay is dropping PayPal as a partner. Could this be another possible opportunity for the blockchain? I will have to keep my eyes open for further news on this.
Wow! That's really surprising, since they used to own them.
I would say the most likely candidates are LTC and ETH.
There's also Cardano, and Stellar.
If they only plan on accepting Bitcoin, I feel like they probably don't understand crypto, and are just doing this because it's trending or some such.
I also doubt they will care unless a ton of people complain about them only accepting bitcoin.
They recently parted ways (Ebay and Paypal ) link to article can be found on http://amp.usatoday.com/amp/1085940001?_twitter_impression=true. I would also prefer cardano or stellar. Good call. And it may be hype due to bitcoins popularity but people are not going to want to pay such high fees because it is not good for business. Hope they look more into this transition.