Swiss Post Launches First-Of-Its-Kind Crypto Stamp in Switzerland

Switzerland

News / Switzerland 64 Views 0

Swiss Post Launches First-Of-Its-Kind Crypto Stamp in Switzerland

Switzerland

News / Switzerland 64 Views 0

The Swiss Post is launching Switzerland’s first crypto stamp today, according to a press announcement. The Swiss Crypto Stamp consists of two parts, a physical stamp worth 8.90 francs, and a related digital image that will show one of 13 possible designs.

The digital image, which is stored on a blockchain, can be collected, exchanged and traded online.

The physical Swiss Crypto Stamp is self-adhesive, and shows the Matterhorn and the moon on a blue background. The stamp can be used like any other stamp to frank postal items. The actual crypto stamp is a digital collector’s item.

The Swiss Crypto Stamp is a collectible stamp

swiss post crypto stamp

Source: Swiss Post

Customers will not know which digital design will be linked to the physical Swiss Crypto Stamp that they purchase. They can access the digital twin of their physical stamp online by scanning a QR code printed next to the physical stamp.

The digital stamp comes in 13 different designs, with 65,000 copies of the most common digital design, and only 50 copies of the rarest.

The Swiss Crypto Stamp is being launched in an issue of 175,000, and will be available at selected Swiss Post branches. The stamp can also be ordered at all Swiss Post branches and online.

The launch of the Swiss Crypto Stamp will allow Swiss Post to bring the physical world of stamps and the digital crypto-universe together, the statement said. Swiss Post issues about 50 new stamps every year.

The post Swiss Post Launches First-Of-Its-Kind Crypto Stamp in Switzerland appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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