Ghana’s nationwide postal service is guaranteeing that its king’s twenty fifth coronation anniversary might be remembered without end, unaltered, on the blockchain.
Ghana Put up launched a brand new stamp assortment, “Crypto Stamp,” in honor of His Majesty Otumfuo Osei Tutu II. The crypto stamp assortment pays homage to the king’s 25-year-long contribution to Ghana’s improvement and cultural integrity.
Signaling this mix of conventional values and new-age expertise, the bodily crypto stamps are linked to distinctive nonfungible tokens (NFT) which can be verifiable over the blockchain.
Learn this Cointelegraph crypto information to learn more about how NFTs work.
In response to the itemizing, crypto stamps are restricted to 7,200 items and value $18 (250 Ghanaian cedi) per stamp.
When making an attempt to make a purchase order, the web site failed to offer any data concerning delivery expenses for worldwide locations.
Upon buy, customers must manually hyperlink their bodily collectible to its digital twin over the blockchain to assert its exclusivity. The bodily stamps include an built-in near-field communication (NFC) chip to assist this pairing.
“By a easy smartphone scan, collectors can confirm the stamp’s authenticity in real-time, with every scan producing a novel, one-time authentication message, safeguarding in opposition to tampering and counterfeit makes an attempt.”
Crypto stamp is the most costly stamp assortment the Ghana Put up provides, with others costing lower than half its crypto counterpart. Nevertheless, the shop at present provides a one-of-one unique gold body stamp that prices roughly $7200 (100,000 cedi).
Ghana claimed its place as the primary African nation to introduce a commemorative NFT-based stamp assortment.
Associated: Nigeria launches first multilingual large language model in Africa
The South African Reserve Financial institution just lately determined to amp up efforts towards regulating and adopting cryptocurrency and central bank digital currency (CBDC).
Learn Cointelegraph’s information to learn more about CBDCs.
The roadmap checked out high-level plans to extend the accessibility of monetary expertise, modernize fee infrastructure and take away obstacles to make use of. The plan’s scope is strictly home.
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