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SWISS POST PUBLISHES FIRST CRYPTO STAMP

 


Postage stamps were and still are popular collector's items, some of which are in great demand. One of the most popular of these brands is the extremely rare Blue Mauritius. The world's first crypto stamp was published by the Austrian Post on the Ethereum blockchain. Switzerland is now following this example and is launching its own crypto stamp on the market.

Creation of the postage stamp

In the early years of mankind, information was passed on through language. Over time, writing was invented and taught. From this time on, communication was carried out over longer distances (initially only by scholars) via letters.

While the messengers were still paid individually in the Middle Ages, organizations developed over time to cope with this task. First and foremost are the state post offices, which have ensured the payment of letters with postage since 1840.

Postage stamps as a collector's item

However, these stamps are not just for the original purpose of sending letters. The generations of the 20th century developed a soft spot for the design and presentation of postage stamps. Thus, more and more stamp collectors emerged in the course of the 20th century. In the late 1990s, there were arguably more households keeping old postage stamps than those who didn't.

In the meantime, however, the trend has flattened out again. To this end, crypto enthusiasts developed a weakness for digital stamps - the so-called crypto stamps. In Austria, the first crypto stamp in 2019 was published.

The Austrian digital stamps are stored digitally on the Ethereum blockchain. Austria is a pioneer in this area and so far has the only post that offers crypto stamps. The influx of these stamps was enormous. For this reason, the crypto stamp 3.0 has already been published.

Switzerland, which is one of the most crypto-friendly countries in Europe, is now following Austria's example. The Swiss Post publishes plans for the crypto stamp, which is to be launched on November 25 this year.

The stamp features a Matterhorn and a moon that appear on a blue background. The stamp has an equivalent value of 8.90 Swiss francs and, like normal postage stamps, can also be used to send letters.

In addition to the customary postage stamp, a QR code is enclosed with the crypto stamp. Using this QR code, the owners can access digital subjects that are digitally stored on a blockchain.

There are a total of 13 different motifs that can be got hold of. The most common motif is available 65,000 times, the rarest only 50 times. This is intended to give collectors an incentive to buy the stamps.

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