The Swiss crypto stamp is a digital collectible that is linked to a physical stamp issued by the Swiss Post.
By introducing tradable digital stamps, Switzerland’s national postal service is attempting to bridge the gap between physical stamps and the digital cryptocurrency industry.
The Swiss Post officially announced the upcoming launch of the “Swiss crypto stamp,” a digital collectible linked to a physical stamp issued by the postal service worth 8.9 Swiss francs, on September 20.
The Swiss crypto stamp will be a digital representation of a physical stamp that is stored on a blockchain. “Each design creates a nonfungible token that is stored in the Polygon Blockchain,” a Swiss Post spokesperson told ULTCOIN365.
Through a QR code printed next to the physical stamp, buyers will be able to find a digital twin of their physical stamp online. The image of the crypto stamp will be one of 13 possible designs and can be collected, exchanged, and traded online, according to the Swiss Post.
Customers will be able to exchange or sell their crypto stamps on platforms such as the major nonfungible token (NFT) marketplace OpenSea, according to a Swiss Post representative. “Swiss Post only sells the Swiss crypto stamp; trading with it occurs independently of Swiss Post,” the spokesperson added.
The upcoming Swiss crypto stamp will ostensibly provide an experience similar to NFTs, as some of the stamps will have a unique design.
“Some are more common, while others are far more rare and sought after. The most common digital design has 65,000 copies, but the rarest has only 50. One thing is certain: the Swiss crypto stamp means that collecting, exchanging, and trading stamps has gone digital as well,” wrote the Swiss Post.
The Swiss crypto stamp will be available in late November, with 175,000 stamps available at selected Swiss Post branches on November 25. The Swiss crypto stamp, according to the announcement, will be the first of its kind to be released in Switzerland.
Switzerland is not the first country to use blockchain technology to create digital stamp collectibles. Austria’s postal service announced plans to include NFC chips in its Crypto Stamp 3.0, the third iteration of its limited-edition NFT postage stamp collectible series, in May 2021. In 2019, Austria issued its first crypto stamp.