Technology

Swiss Post uses the Polygon blockchain ($ MATIC)

Swiss National Post intends to present the “Swiss Crypto Stamp”.

The Swiss Post, which “issues around 50 different new stamps every year”, announced on November 25 that it “will launch a very different type of stamp, which represents a milestone in the history of the Swiss stamp: the Swiss Crypto Stamp, the first of its kind in Switzerland ”, which will allow Swiss Post“ to bridge the gap between the physical world of stamps and the world of digital cryptocurrencies ”.

The Swiss Post crypto stamp is described as follows: “The Swiss crypto stamp appears at first glance to be an ordinary stamp. It has a face value of 8.90 francs, is self-adhesive, and features the Matterhorn and the moon on a blue background. It can be used to seal postal items in the same way as any other stamp. The crypto stamp, on the other hand, is a digital collector’s item. Each Swiss physical crypto stamp contains a link to a blockchain-based digital stamp. “

According to a Cointelegraph report, a Post official said: “Each drawing is stored on the polygon’s blockchain as a non-fungible token.” On September 20, the Swiss Post announced the imminent launch of the “Swiss Crypto Stamp”, a digital collection linked to a royal stamp worth 8.9 Swiss francs produced by mail.

The Swiss crypto stamp will be kept on a blockchain and will serve as a digital representation of a physical stamp. “Each design is registered on the Polygon Blockchain as a non-fungible token,” a Post spokesperson told Cointelegraph.

With a QR code placed next to the physical stamp, buyers will be able to find a digital twin of their physical stamp online. The crypto stamp image will be one of 13 possible designs and will be available for collection, exchange and online trading, according to Swiss Post.

The press release contained the following: “When buyers buy a Swiss crypto stamp, they have no idea what digital design it is associated with.” When shoppers go online, they can see what the digital twin of your real brand looks like. A QR code printed next to the physical stamp can be used to access it. Customers can examine their digital crypto seal online by scanning this code.

“Additionally, digital crypto stamps are available in 13 different designs.” Some are more common, while others are extremely rare and highly sought after. The most common digital design has 65,000 copies, while the rarest has only 50. One thing is certain: the Swiss crypto stamp means that collecting, exchanging and trading stamps has also been digitized.

“On November 25, 2021, the Swiss Crypto Stamp will be published in an edition of 175,000. From this day on, the first encrypted stamp from Switzerland will be offered at select Post Office branches. “

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