US Postal Service Explores Adding Bitcoin Exchanges
While the New York Department of Financial Services (NYDFS) successfully monopolized media attention last week by assembling a cast of bitcoin A-listers at its regulatory hearing, it wasn't the only government agency to explore virtual currencies in a way that could impact the global community. On 29th January, the US Postal Service (USPS) Office of Inspector General (OIG) held a webinar on virtual currency attended by representatives from the Universal Postal Union (UPU) and World Bank that sought to "explore the possibility" of a "potential role" for bitcoin at post offices around the....
Related News
The U.S. Postal Service has been investigating possible ways to use blockchain technology to provide services to customers more efficiently and improve their bottom line. Blockchain technology could soon be used to deliver post office financial services, identity services, supply chain management, and device management. A new report examines these....
The U.S. Postal Service has identified a number of ways that blockchain technology can improve its services and make it a more relevant player in global commerce, according to a report, “Blockchain Technology: Possibilities for the U.S. Postal Service.” The postal services’ Office of Inspector General (OIG) contracted with Swiss Economics to better understand blockchain and identify potential areas of interest for the Postal Service. The postal service could use blockchain technology to improve the back-end of its financial products like money orders and international money transfers. A....
The US Postal Service has released a new report outlining how it could adopt blockchain technology within its operations. The report, released by the Postal Service's Office of the Inspector General (OIG), suggests that the service should consider using the technology to reinforce its supply chains, create connected device networks or even issue its own digital currency. Published today to little fanfare, the OIG report posits that in the short-term, the government should devote resources to weighing where applications could be made, arguing that “beginning to experiment with its possible....
The United States Postal Service (USPS) and the blockchain join hands; Mt. Gox creditors aim to get what’s theirs, and Swift gets slowed down by bank breaches. Want to see what you’ve been missing in digital currency news? Take a gander at the stories below: USPS. Are the United States Postal Service and the blockchain the digital world’s new power couple? According to a new report, that’s how things appear. Titled, “Blockchain Technology: Possibilities for the U.S. Postal Service,” and authored by consulting firm Swiss Economics, the report states that: “The Postal Service could benefit....
The United States Postal Service (USPS). Long lines, irate clerks, and the absolute last resort if FedEx and UPS aren't viable solutions. But perhaps also a bitcoin exchange? The USPS Office of Inspector General held a webinar some days ago discussing the topic of possible virtual currency exchange roles for existing USPS stations around the country - giving people a physical place to go to acquire digital money. Our friends at CoinDesk put together a great report - you should read it, if you have the opportunity. It's abundantly clear the postal service is struggling to stay relevant in....