Crypto Stamp Crashes Swiss Post’s Online Store With Launch Day Demand
Unexpectedly high demand for Switzerland’s first crypto stamp has created headaches for the national postal service. Swiss Post announced it had to deal with technical issues when numerous orders hit its online shop all at once on the day the innovative offering was made available. Demand for First Crypto Stamp Overwhelms Swiss Post’s Online Store Swiss Post announced the “crypto stamp” initiative in September when it was presented as an attempt to “bridge the gap between the physical and digital worlds in philately.” The state-owned....
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The Swiss crypto stamp is a digital collectible linked to a traditional physical stamp issued by the Swiss Post. The national postal service of Switzerland is working to bridge the gap between physical stamps and the digital cryptocurrency industry by introducing tradable digital stamps.On Sept. 20 the Swiss Post officially announced the upcoming launch of the “Swiss crypto stamp,” a digital collectible linked to a physical stamp issued by the postal service worth 8.9 francs.The Swiss crypto stamp would provide a digital representation for a physical stamp and will be stored on a....
The Austrian post is set to incorporate near-field communication to its award-winning nonfungible token digital postage stamp. Oesterreichische Post AG — Austria’s postal service — is set to adopt even more digital technology protocols for its nonfungible token (NFT) postage stamps.In a recent announcement, the Austrian Post revealed plans for incorporating near-field communication (NFC) chips in Crypto Stamp 3.0 — the third iteration of its limited-edition NFT postage stamp collectible series.These embedded NFC chips will allow stamp owners to verify the authenticity of the physical stamp....
UAE has made blockchain technology a key focus for its future strategies and currently building a decentralized ecosystem to make it a global blockchain hub. The United Arab Emirates has launched the world’s most expensive modern postage stamp to celebrate the 50th anniversary of the country’s foundation day.Emirates Post Group, a government-owned post office launched the first edition of the modern postage stamp with four editions. Each physical stamp in the collection comes with a digital version.The most expensive edition is the “Golden Jubille 2021,” which has a total of 2021 pieces....
There's no doubt about the fact that both the legal and regulatory landscape surrounding bitcoin and bitcoin ATMs are still, well, unclear. And while most regulators have allowed for the launch of bitcoin businesses anyway, the Swiss Financial Market Supervisory Authority (FINMA) is hitting the brakes on one company's plans to launch bitcoin ATMs in Switzerland. That company is Bitcoin Suisse AG, and Swiss regulators have asked them to halt their Zürich ATM plans for now, pending legal clarification. The company wrote today on Reddit: It is correct that Bitcoin Suisse AG (BTCS) have been....
PRESS RELEASE. Austrian Post, the national postal service of Austria, has announced the launch of its latest product called Crypto stamp art (CSA), which is based on the Ethereum blockchain. The shift to focus on going digital first is significant, since Austrian Post is a major player in the blockchain industry and have successfully sold out several iterations of Crypto stamps since 2019. Previous generations of Crypto stamps, however, mostly centered the sale around the physical stamp which was accompanied by its digital twin.
The launch of the CSA is planned on July 22, 2022,....