News with the tag "palau"

The government of Palau has taken a major step towards integrating blockchain technology into its economy with the launch of Palau Invest, a digital savings bond platform. This initiative, developed in collaboration with Japan, offers citizens a unique opportunity to invest in national infrastructur...

Palau Invest savings bonds will raise money for local infrastructure and provide a new means of saving.

The Republic of Palau’s Ministry of Finance has successfully concluded Phase 2a of its National Government Payment Service Project, focusing on integrating a stablecoin system powered by Ripple’s blockchain technology. This initiative, known as the Palau Stablecoin Program, aims to develop a nationa...

The Republic of Palau’s Ministry of Finance has reported the successful completion of Phase 2a of its National Government Payment Service Project, focusing on the integration of a stablecoin system powered by Ripple’s blockchain technology. The initiative, dubbed the Palau Stablecoin Program, aims t...

The Pacific island nation, with a population of 18,000, is a leader in the implantation of blockchain technology.

A Japanese fintech developer will create a blockchain-based bond market gateway for Palau, aiming to launch a trial in 2024 and a full roll-out the following year. Japanese fintech developer Soramitsu, best known for developing a central bank digital currency…

Palau is touting its pilot of a Central Bank Digital Currency (CBDC) based on Ripple technology. Despite minor challenges, the feedback from the pilot conducted on Ripple's CBDC platform has been positive, the nation claims.

The Ministry of Finance in Palau has declared the first phase of its Palau Stablecoin (PSC) Program a resounding success. The program pegged to the U.S. dollar, garnered positive responses from 168 volunteers who engaged in retail purchases using the Palau Stablecoin over three months. In collaborat...

The Palau Ministry of Finance and Ripple Labs have shared the results of the Palau stablecoin project’s phase one pilot,… The post Palau Finance Ministry and Ripple Share Results of Palau Stablecoin Pilot, Reveal Next Steps first appeared on The Crypto Basic .

A recently published case study focusing on the Central Bank Digital Currency (CBDC) venture from Palau and Ripple Labs has underscored its key benefits. According to the case study featured on Forbes, Palau represented an economy that ideally needs a CBDC owing to its financial landscape. As a cash...