Ghana’s national postal service is making sure that the 25th coronation anniversary of its king will be forever commemorated on the blockchain. Ghana Post has introduced a new stamp collection called “Crypto Stamp” to honor His Majesty Otumfuo Osei Tutu II. This collection pays tribute to the king’s 25 years of contribution to Ghana’s development and cultural integrity.
In a unique blend of traditional values and modern technology, the physical crypto stamps are connected to unique nonfungible tokens (NFTs) that can be verified on the blockchain. To understand how NFTs work, you can refer to Cointelegraph’s crypto guide.
The crypto stamps are limited to 7,200 pieces and are priced at 250 Ghanaian cedi ($18) per stamp. However, the website does not provide information about shipping charges for international destinations.
Once purchased, users must manually link their physical collectible to its digital counterpart on the blockchain to claim its exclusivity. The physical stamps have an integrated near-field communication (NFC) chip to facilitate this pairing.
The Crypto Stamp collection is the most expensive stamp collection offered by Ghana Post, with other collections costing less than half the price. However, the store does have an exclusive gold frame stamp available for approximately 100,000 cedi ($7,200).
Ghana has become the first African country to introduce a commemorative NFT-based stamp collection.
In related news, the South African Reserve Bank has decided to intensify its efforts in regulating and adopting cryptocurrencies and central bank digital currency (CBDC). To learn more about CBDCs, you can read Cointelegraph’s guide.
The roadmap aims to enhance the accessibility of financial technology, modernize payment infrastructure, and eliminate usage barriers. However, these plans are limited to domestic scope.
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