On September 20, 2021, the Swiss Post made an official announcement about the upcoming launch of the “Swiss crypto stamp.” The Swiss crypto stamp is a digital collectible that is integrated with a physical stamp that is issued by the postal service worth around 8.9 Swiss francs.
The national postal service of Switzerland is currently working to eliminate the gap between physical stamps and the digital crypto sector by introducing these tradable digital stamps.
Reports indicate that this crypto stamp will offer a digital representation for a physical stamp and it will be stored on a blockchain platform. The digital collectible will be linked to a traditional physical stamp that will be issued by the Swiss Post. A spokesperson told reporters:
“Each design forms a nonfungible token and is stored in the Polygon Blockchain.”
Buyers can discover a digital twin of their physical stamp online via a QR code printed adjacent to the physical stamp. Notably, the crypto stamp’s image shows one of 13 possible designs and may be collected, exchanged, and traded virtually, according to the Swiss Post.
A representative said that users can exchange and sell their crypto stamps on platforms like the major nonfungible token (NFT) marketplace OpenSea. The spokesperson commented:
“Swiss Post only sells the Swiss crypto stamp, trading with it takes place separately from Swiss Post.”
The forthcoming Swiss crypto stamp will eventually offer an experience that is quite similar to NFTs since some of the digital stamps will come with a rare design. The Post wrote:
“Some 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.”
The Swiss crypto stamp is scheduled to launch on November 25 with 175,000 stamps being distributed to selected Swiss Post branches. Based on the official announcement, the crypto stamp will become the first stamp of its kind ever created and distributed in Switzerland.
Switzerland is, however, not the first country to experiment with blockchain technology to offer Swiss digital stamp collectibles. In May 2021, Austria’s postal service highlighted its plans for incorporating NFC chips in its Crypto Stamp 3.0, the third iteration of its limited-edition nonfungible token postage stamp collectible series. Austria unveiled its first-ever cryptocurrency stamp in 2019.