UPS Venture Capital CEO Envisions the Future of Bitcoin and Global Trade

In recent times, blockchain technology has continued to attract the attention of various industries and investment companies in the financial field, including banking giants such as Citibank and UBS, and well-known accounting firms such as Deloitte. Now, the express delivery industry leader, the Strategic Enterprise Fund (SEF) of the American logistics giant UPS (United Parcel Express Service), has also begun to pay attention to blockchain technology.

SEF's general manager瑞马斯•卡派斯卡斯recently published an article on UPS's official blog Longitudes discussing the advantages of Bitcoin and imagining the possibility of Bitcoin as a global unified currency to make global trade more efficient, cost-effective and unimpeded.

UPS was founded in 1907 and has grown into a multi-billion dollar logistics company dedicated to achieving the goal of global trade. The company said: "UPS is an international company with one of the most recognized and respected brands in the world. It has become the world's largest express company and a leading provider of professional transportation and logistics, managing the flow of goods, funds and information in more than 200 countries and regions every day."

Kapaiskas commented in this blog post:

“Digital currencies like Bitcoin can open up a whole new world for the future of global trade.”

Kapauskas also cited some financial giants that are exploring Bitcoin blockchain technology, such as Nasdaq, Citibank, and Barclays Bank, as well as many retailers that have already accepted Bitcoin payments, such as Microsoft and Expedia, and said that UPS should also consider how to use this new technology to improve its business.

From Kapaikaska's remarks, it can be seen that he has been paying close attention to the development of blockchain technology. For example, he also cited Satoshi Nakamoto's Bitcoin white paper and the Bitcoin remittance company Bitpesa. In fact, it is not difficult to understand why Kapaikas pays attention to Bitcoin technology, because anyone with a technological vision and innovative ideas will be attracted to it after appreciating the charm of Bitcoin technology.

Kapauskas argues that consumers in developed countries are locked into the 65-year-old credit card era. “If Bitcoin is accepted, its value will remain the same regardless of where commerce is conducted, while also lowering the cost of trade and speeding up the flow of goods,” he writes.

“As digitalization continues to deepen, our overall concept of currency and how it is exchanged will change dramatically. Digital currency is likely to become the next killer weapon to subvert the financial system, which will make the connection between markets of various countries closer and speed up transactions. Generally speaking, the technologies that can stand the test of time are those that can most effectively eliminate barriers to economic development and make trading targets simpler and more convenient. Perhaps this is why international trade urgently needs to establish such a global trading system for seamless transactions.”

SEF will focus on developing partnerships with information technology companies in emerging markets.