Bern/Zug – The Swiss Post has brought a crypto stamp to market. For this, a physical stamp has been mapped digitally and saved in a blockchain. Crypto stamps can be collected and traded. The underlying technology comes from Inacta, a company based in the Greater Zurich Area.

On November 25, Swiss Post brought a crypto stamp to market. According to a press release, this consists of two parts. One part is a physical stamp worth 8.90 Swiss francs. The other part is a digital image of this stamp. The digital images are saved in a blockchain as NFTs (non-fungible tokens). They can be traded, collected and swapped online. There are 13 different subjects for the images.

Swiss Post launches crypto stamp
Image: Die Post

The Zug-based company Inacta is behind the Swiss Crypto Stamps. According to its own information, it has provided all of the required technical solutions. This includes providing 175,000 tokens, drawing up the smart contract, and the tradability of the digital stamps on a trading platform, for example.

Christian Di Giorgio, Principal Consultant at Inacta, comments: “The Crypto Stamps open up a great opportunity to demonstrate the digital transformation and the potential of the blockchain technology very clearly on an everyday object and make it tangible for everyone.”

Overall, the market launch of the Swiss Crypto Stamp was a success. According to a LinkedIn article from Inacta, the first Swiss Crypto Stamps on the online shop were sold out in four hours and ten minutes.

Fintech & blockchain

The Greater Zurich Area has evolved into a global fintech and blockchain hub, thanks to factors like access to talent, leading research institutes, innovation-friendly regulators, investors and industry partners. Switzerland, and particularly Crypto Valley in the Greater Zurich Area, has been at the forefront of digitization and disruptive technologies, and start-ups in the area have access to a variety of incubators and accelerators that support them in establishing a company and developing ideas and products.

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