Switzerland’s national postal service (Swiss Post) reported that its official website could not withstand the influx of buyers of cryptocurrency postage stamps.
On the morning of November 25, the day of the launch of cryptocurrency brands,
There has been a breakdown the Swiss postal service website postshop.ch. The reason was the high demand for cryptocurrency brands, which “temporarily led to technical problems on the resource.” Three quarters of the limited design cryptocurrency brands were purchased in the first three hours after launch.
The Swiss Post reported that the glitches came after multiple users have contacted the official website in recent weeks interested in acquiring a cryptocurrency brand. The Swiss National Postal Service said the cryptocurrency stamp has two parts – a physical part, which can be bought for 8.9 Swiss francs ($ 9.5), and a corresponding digital counterpart depicting one of 13 designs of the stamp. Each physical mark provides the rights to the digital twin of the mark, which is hosted on the blockchain. Cryptocurrency stamps can be collected, traded, and sold.
“At first glance, a Swiss cryptocurrency brand looks like a regular brand. It is self-adhesive, the Matterhorn and the moon are depicted on a blue background, and its face value is 8.90 francs. Owners can use it for traditional postage just like a regular stamp. But in reality, the cryptocurrency brand is digital and it is a digital collectible. ”
The Swiss Post and Inacta are planning to issue about 175,000 cryptocurrency stamps, of which 65,000 stamps will be produced in a widespread digital design, and only 50 copies will have a special cryptocurrency design. It is these rare brands that can acquire a value that is many times higher than the face value.
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