The Swiss National Post is working to bridge the gap between physical stamps and the digital cryptocurrency industry by introducing tradable digital stamps.
On September 20, Swiss Post officially announced the imminent introduction of the “Swiss Crypto Stamp”, a digital collector’s item linked to a physical Postage stamp worth CHF 8.9.
The Swiss crypto stamp offers a digital representation of a physical stamp and is stored in a blockchain. “Each design forms a non-fungible token and is stored on the polygon blockchain”a spokesman for the Swiss Post told Cointelegraph.
Shoppers can discover a digital twin of their physical stamp online via a QR code printed next to the physical stamp. The crypto stamp image shows one of 13 possible designs and can be collected, traded and traded onlinesaid the Swiss Post.
According to a representative from Swiss Post, customers can trade or sell their crypto stamps on platforms such as the large market for non-fungible tokens (NFT) OpenSea. “Swiss Post only sells the Swiss crypto brand, trading with it takes place separately from Swiss Post”added the spokesman.
The upcoming Swiss crypto label will apparently offer a somewhat similar experience to NFTs as some of the stamps will have an odd design.
â ???? Some are more common while others are much rarer and more sought after. There are 65,000 copies of the most common digital design, but only 50 of the rarest. One thing is clear: With the Swiss crypto brand, collecting, trading and exchanging stamps has also become digitalâ ????wrote the Swiss Post.
The Swiss crypto postage stamp will be launched at the end of November; 175,000 copies will arrive at selected post offices on November 25th. According to the announcement, the Swiss crypto stamp will be the first stamp of its kind in Switzerland.
Switzerland isn’t the first country to experiment with blockchain technology to offer digital stamp collectibles. In May 2021, Austrian Post announced that it would integrate NFC chips into its Crypto Stamp 3.0, the third iteration of its limited edition collector’s series of NFT stamps. Austria launched its first crypto postage stamp in 2019.