The countrywide postal provider of Switzerland is operating to bridge the distance among bodily stamps and the virtual cryptocurrency enterprise via way of means of introducing tradable virtual stamps.

On Sept. 20, the Swiss Post formally introduced the imminent release of the “Swiss crypto stamp,” a virtual collectible related to a bodily stamp issued via way of means of the postal provider really well worth 8.nine Swiss francs.

The Swiss crypto stamp will offer a virtual illustration for a bodily stamp and could be saved on a blockchain. “Each layout bureaucracy a nonfungible token and is saved withinside the Polygon Blockchain,” a spokesperson for the Swiss Post informed Cointelegraph.

Buyers could be capable of find out a virtual dual in their bodily stamp on line thru a QR code revealed subsequent to the bodily stamp. The crypto stamp’s photograph will display one in every of thirteen feasible designs and may be collected, exchanged and traded on line, the Swiss Post said.

According to a consultant for Swiss Post, clients could be capable of alternate or promote their crypto stamps on structures including fundamental nonfungible token (NFT) market OpenSea. “Swiss Post simplest sells the Swiss crypto stamp, buying and selling with it takes region one by one from Swiss Post,” the spokesperson added.

The upcoming Swiss crypto stamp will seemingly offer an enjoy rather just like NFTs, as a number of the stamps may have a unprecedented layout.

“Some are greater not unusualplace, even as others are plenty rarer and greater coveted. There are 65,000 copies of the maximum not unusualplace virtual layout, however simply 50 of the rarest. One issue is clear: the Swiss crypto stamp manner collecting, replacing and buying and selling stamps has long past virtual, too,” the Swiss Post wrote.

Related: First cryptocurrency fund authorized in Switzerland

The Swiss crypto stamp will release in past due November, with 175,000 such stamps coming to chose Swiss Post branches on Nov. 25. According to the announcement, the Swiss crypto stamp could be the primary stamp of its type ever released in Switzerland.

Switzerland isn’t the primary us of a to test with blockchain era to offer virtual stamp collectibles. In May 2021, Austria’s postal provider introduced plans for incorporating NFC chips in its Crypto Stamp 3.0, the 1/3 generation of its limited-version NFT postage stamp collectible series. Austria launched its first-ever crypto stamp in 2019.