US postal service eyes NFTs

The United States Postal Service (USPS) is planning to use non-fungible tokens (NFTs) for postage payments, as the NFT economy continues to boom.

While others have seen success in the NFT art or music space, USPS will help customers purchase postage using NFTs which are driving some heady results across numerous verticals of the entertainment sector.

In an official announcement on Tuesday, CaseMail confirmed that USPS has certified its postage NFTs, which can now be used in the entirety of the country.

Effectively, these NFTs are “ePostage labels” issued by USPS, creating a verifiable chain of custody for both digital and physical assets.

Put this way, NFTs should make it possible for the USPS to track any packages, add more transparency and even reduce the number of lost packages all thanks to blockchain tech.

As CaseMail CEO and founder Joe Ruiz puts it: “It is simply postage printed from the blockchain”.

The company is going to offer its postage tokens exclusively for legal professionals and government agencies in an initial pilot test.

This is a practical change from the trend to use NFTs to flog internet memes and works of art for eye-popping amounts.

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Updated: 04/15/2021 — 09:41