How Does Crypto Postage Work?
Crypto postage uses the blockchain to store all relevant data for the digital stamp. The owner of the stamp determines where he or she wants to send the token. The token can then be traded or sold independently of the physical stamp. Moreover, the entire life of the digital stamp is publicly viewed. The only thing missing is a physical counterpart of the virtual stamp. To avoid this, crypto postage is becoming increasingly popular. But how does crypto postage work?
Crypto stamps have special meanings, which are reflected on their designs. The unicorn, a popular symbol of the Ethereum blockchain, is the most popular stamp design. There is also a doge, llama and panda with special meanings in the crypto scene. And the newest version of the Crypto stamp features an NFC chip, which stands for Near Field Communication. NFC is a wireless technology that facilitates contactless data exchange and can verify the authenticity of a stamp. Read more great facts, Click here.
For collectors, the new stamps can help them make money through resale. Professional re-sellers can make attractive profits through crypto stamps. The red Crypto stamp 1.0, for example, sold for ten thousand euros. But its original purchase price was just seven euros. Despite its relatively low value, the Crypto stamp was a safe investment and the issuer created it to make money. Its face value corresponds to that of a postal item.
Austrian Post is one of the first countries to issue the first Crypto stamp. The stamps, which have a NFT counterpart in the blockchain, will be available for purchase on June 11, 2019. The crypto stamp is a physical postage stamp with a digital counterpart in the blockchain. Crypto stamps have a unique chip embedded into the stamp that can be read by a NFC-enabled smartphone. In this way, it is possible to buy and sell the Crypto stamp on the aftermarket.
Austria's NFT issue of crypto stamps was designed in a landscape format, with the crypto credentials on the right side. These stamps come with scratch-ticket-style covers. Coinsilium's concept of combining different designs is not a new one - in philately, it is called se-tenant. As such, the NFTs will have varying degrees of scarcity. For example, a super rare stamp will be worth five ETH.
Crypto postage in Switzerland is similar to other digital stamps. It will contain 13 different images, each linked to its physical counterpart. As with other digital stamps, they are stored on the blockchain. They can be traded online. The Swiss Post plans to offer crypto postage in selected Swiss post offices. However, if the Swiss government is not interested, they may decide to sell the crypto stamps instead. There are still more opportunities to make money by selling crypto stamps. Take a look at this link https://en.wikipedia.org/wiki/Cryptocurrency for more information.
Switzerland and Austria may be the next countries to use crypto stamps. A spokesperson for the Swiss Post said they are inspired by the Austrian Post's decision to blend traditional stamps with new technology. However, a spokesperson for Deutsche Post did not reveal the plans for the issuance of crypto stamps in Switzerland. In the meantime, Switzerland should be the first to issue crypto-collectible stamps. It is unclear when they will adopt crypto stamps as the next step for digital postage in the country.
Crypto postage uses the blockchain to store all relevant data for the digital stamp. The owner of the stamp determines where he or she wants to send the token. The token can then be traded or sold independently of the physical stamp. Moreover, the entire life of the digital stamp is publicly viewed. The only thing missing is a physical counterpart of the virtual stamp. To avoid this, crypto postage is becoming increasingly popular. But how does crypto postage work?
Crypto stamps have special meanings, which are reflected on their designs. The unicorn, a popular symbol of the Ethereum blockchain, is the most popular stamp design. There is also a doge, llama and panda with special meanings in the crypto scene. And the newest version of the Crypto stamp features an NFC chip, which stands for Near Field Communication. NFC is a wireless technology that facilitates contactless data exchange and can verify the authenticity of a stamp. Read more great facts, Click here.
For collectors, the new stamps can help them make money through resale. Professional re-sellers can make attractive profits through crypto stamps. The red Crypto stamp 1.0, for example, sold for ten thousand euros. But its original purchase price was just seven euros. Despite its relatively low value, the Crypto stamp was a safe investment and the issuer created it to make money. Its face value corresponds to that of a postal item.
Austrian Post is one of the first countries to issue the first Crypto stamp. The stamps, which have a NFT counterpart in the blockchain, will be available for purchase on June 11, 2019. The crypto stamp is a physical postage stamp with a digital counterpart in the blockchain. Crypto stamps have a unique chip embedded into the stamp that can be read by a NFC-enabled smartphone. In this way, it is possible to buy and sell the Crypto stamp on the aftermarket.
Austria's NFT issue of crypto stamps was designed in a landscape format, with the crypto credentials on the right side. These stamps come with scratch-ticket-style covers. Coinsilium's concept of combining different designs is not a new one - in philately, it is called se-tenant. As such, the NFTs will have varying degrees of scarcity. For example, a super rare stamp will be worth five ETH.
Crypto postage in Switzerland is similar to other digital stamps. It will contain 13 different images, each linked to its physical counterpart. As with other digital stamps, they are stored on the blockchain. They can be traded online. The Swiss Post plans to offer crypto postage in selected Swiss post offices. However, if the Swiss government is not interested, they may decide to sell the crypto stamps instead. There are still more opportunities to make money by selling crypto stamps. Take a look at this link https://en.wikipedia.org/wiki/Cryptocurrency for more information.
Switzerland and Austria may be the next countries to use crypto stamps. A spokesperson for the Swiss Post said they are inspired by the Austrian Post's decision to blend traditional stamps with new technology. However, a spokesperson for Deutsche Post did not reveal the plans for the issuance of crypto stamps in Switzerland. In the meantime, Switzerland should be the first to issue crypto-collectible stamps. It is unclear when they will adopt crypto stamps as the next step for digital postage in the country.