Switzerland's national postal service announced it is working to close the gap between physical stamps and the digital cryptocurrency industry by introducing tradable digital stamps.
On September 20, Swiss Post announced the launch of the “Swiss crypto stamp,” a digital collectible connected to a standard stamp by the Swiss Post worth around 8.9 Swiss francs.
According to the statement, the Swiss crypto stamp will offer a NFT of a physical stamp stored on a blockchain. To clarify, a spokesperson for the Swiss post said that each design forms a non-fungible token (NFT) and is stored in the Polygon Blockchain.
The firm also said that buyers could discover a digital twin of their physical stamp online via a QR code that will be printed next to their physical stamp. What's more, the NFT will show one of 13 possible designs and can be collected, exchanged and traded online.
Added to this, a representative for Swiss Post said that customers can exchange or sell their crypto stamps on NFT platforms like OpenSea.
Further, the team adds that there are 65,000 copies, which are similar, but only 50 of them are the rarest.
As per the team, the Swiss crypto stamp will launch on November 25 with 175,000 stamps coming to selected Swiss Post branches and it will be the first stamp of its kind ever launched in Switzerland.