Switzerland’s National Postal Service is bridging the gap between physical stamps and the cryptocurrency industry by introducing tradable digital stamps.
On September 20, the Swiss Post officially announced the upcoming release of the “Swiss Crypto Stamp”, a digital collectible tied to a physical stamp issued by the postal service for 8.9 francs.
The Swiss crypto stamp will be a digital image of a physical seal and will be stored on the blockchain. Buyers will be able to discover the digital counterpart of their physical seal online using a QR code printed next to the physical seal. According to the Swiss Post, the image of the cryptocurrency stamp shows one of 13 possible designs that can be collected, traded and exchanged online.
It looks like the upcoming Swiss encryption brand will offer similar opportunities for non-native token (NFT) tokens, as some brands will have a rare design.
“Some of them are more common, others are much less common and in high demand. There are 65,000 copies of the most common digital design and only 50 of the rarest ones. One thing is clear: the nature of Swiss cryptography means that the collection, exchange and, as the Swiss Post writes, the exchange of stamps is going digital.
The Swiss encrypted stamp will be issued at the end of November and 175,000 such stamps will arrive at selected Swiss Post offices on 25 November. According to the announcement, the Swiss cryptocurrency brand will be the first of its kind to be issued in Switzerland.
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The Swiss Post did not immediately respond to Cointelegraph’s request for comment.
Switzerland is not the first country to test blockchain technology and offer collectible digital stamps. In May 2021, the Austrian postal service announced plans to integrate NFC chips into Crypto Stamp 3.0, the third version of the limited edition NFT stamps. Austria released its first cryptocurrency brand in 2019.