Tuesday 22 May 2018

1225. 🇬🇮 Gibraltar's New Cryptocurrency Gimmick Stamp.

  🇬🇮  Gibraltar Stamps' latest philatelic gimmick has put me completely me out of my depth. It is a sheetlet of 4 identical stamps issued on 15 May 2018 which commemorates Gibraltar's interests in 'Crypto currency' and it being "at the forefront of this promissing (sic) digital financial engineering" according to the Gibraltar Stamps website. The website goes on to say that Gibraltar has been receiving high acclaim within global distributed ledger technology and cryptocurrency circles"
  "On the 1st January 2018 Gibraltar became one of the first jurisdictions in the world to regulate businesses and individuals who are using distributed ledger technologies to hold or transfer for others".
  "Gibraltar wishes to commemorate this innovative technology by issuing a persoanlised (sic) stamp sheet featuring the Rock of Gibraltarissued stamp to highlight and demonstrate this new technology".
  But that's not all - if only it were that simple.
  The stamp design features 4 identical QR codes which can be scanned by a smartphone or tablet and offers the first time owners of the blocks of 4 to collect free cryptocoins which will be freely trading.
 In order to make this "QR code and unique concept a reality a website has been created which links when scanning the bcanning (sic) the QR code to permit first owners of these limited-edition blocks to redeem 200 QRG Cryptocurrency tokens/coins for each block of these stamps, one time only per unique per unique serial number printed on the actual shhet (sic)".
  "There are only 50000 blocks of four 50p being printed and only 50 QRG crypto coins per stamp will ever be minted. These 200 Tokens/Coins can be claimed in increments of 200 QRGs per block by following very simple steps on the QR website accessed after scanning the sheet with your smartphone. a very limited number of this sheet is available so please email to consult availability".
  I'm sorry to say that I don't really understand very much of the foregoing. But for those who do I'm sure that the issue is irrestible.

  The stamp was designed by Stephen Perera and lithographed Lowe Martin. Rating:- 0.

  Then on 18 May 2018 Gibraltar Stamps issued a set of 6 stamps (including £2 and £3 values, total face value £7.36p) and a £5.14p miniature sheet which includes another £3 stamp to commemorate the Centenary of the Royal Air Force, which seems like a relevant enough theme for the territory.
  The issue was designed by Stephen Perera and lithographed by BPost Security Printers. Rating:- ** (though it might be higher if the face value were more modest and Gibraltar Stamps had a more conservative new issue programme).


  1. Thanks for the nice blog. It was very useful for me. I'm happy I found this blog. Thank you for sharing with us,I too always learn something new from your post.

  2. Thank you for such a well written article. It’s full of insightful information and entertaining descriptions. Your point of view is the best among many.
    Cryptobulls Exchange