“One of the challenges that we have in Palau is, it's hard to get pennies, it's hard to get quarters,” Whipps said. “Cash shortages are a real thing here, so what digital wallets would really provide is freedom, freedom from having to go to the bank.” Source link … [Read more...] about Palau President Talks Stablecoin Plans Following Island Nation’s ‘Digital Residency’ Rollout
Palau
Republic of Palau and Cryptic Labs launch digital residency program
The Republic of Palau and blockchain development firm Cryptic Labs announced the launch of the Root Name System (RNS), a digital residency program on Tuesday.To inaugurate the partnership between Palau, Cryptic Labs and the sovereign-backed digital residency program, Palau’s President Surangel S. Whipps Jr. signed an agreement to grant “all global users” digital residency … [Read more...] about Republic of Palau and Cryptic Labs launch digital residency program
Republic of Palau Joins Hands With Ripple to Develop Digital Currency Strategy
Global payments company Ripple has partnered with the island country Republic of Palau to develop strategies for a digital currency.“The partnership will initially focus on developing strategies for cross-border payments and a USD-backed digital currency for Palau,” the fintech company announced on Tuesday.This could lead to the implementation of the the world’s first … [Read more...] about Republic of Palau Joins Hands With Ripple to Develop Digital Currency Strategy