The national postal service of Switzerland is working to bridge the gap between physical stamps and the digital cryptocurrency industry by introducing tradable digital stamps.<\/p>\n
On Sept. 20, the Swiss Post officially announced\u00a0the upcoming launch of the \u201cSwiss crypto stamp,\u201d a digital collectible linked to a physical stamp issued by the postal service worth 8.9 Swiss francs.<\/p>\n
The Swiss crypto stamp will provide a digital representation for a physical stamp and will be stored on a blockchain. \u201cEach design forms a nonfungible token and is stored in the Polygon Blockchain,\u201d a spokesperson for the Swiss Post told Cointelegraph.<\/p>\n
Buyers will be able to discover a digital twin of their physical stamp online through a QR code printed next to the physical stamp. The crypto stamp\u2019s image will show one of 13 possible designs and can be collected, exchanged and traded online, the Swiss Post said.<\/p>\n
According to a representative for Swiss Post, customers will be able to exchange or sell their crypto stamps on platforms such as major nonfungible token (NFT) marketplace\u00a0OpenSea. \u201cSwiss Post only sells the Swiss crypto stamp, trading with it takes place separately from Swiss Post,\u201d the spokesperson added.<\/p>\n
The upcoming Swiss crypto stamp will apparently provide an experience somewhat similar to NFTs, as some of the stamps will have a rare design.<\/p>\n
\u201cSome are more common, while others are much rarer and more coveted. There are 65,000 copies of the most common digital design, but just 50 of the rarest. One thing is clear: the Swiss crypto stamp means collecting, exchanging and trading stamps has gone digital, too,\u201d the Swiss Post wrote.<\/p>\n