CZ visits Palau to kick off BNB Chain-supported ID NFTs for digital residency...
The tiny country introduced its digital residency program at the beginning of the year in the hope that it will help to retain the youthful population and attract business and industry. The Republic of Palau announced Friday that it will issue identification cards to its digital residents in the form of nonfungible tokens (NFTs) on Binance’s BNB Chain blockchain. Binance founder and CEO Changpeng Zhao (CZ) was on hand in the Pacific Island nation for the unveiling of the NFTs and to meet with Palauan President Surangel S. Whipps, Jr.Palau introduced its Root Name System (RNS) Digital....
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The Pacific island nation is now offering a digital residency and blockchain-based verified ID, which can be used for KYC and ID verification. 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 through the RNS under the country’s Digital Residency Act.The Republic of....
In a surprising turn of events, Jay Hunter Anson, the Digital Residency Office Director at the Palau Ministry of Finance, announced the cessation of the Ripple based Palau Stablecoin (PSC) pilot program. The announcement came via Twitter, where Anson stated, “On Friday we will cease distribution of the Palau Stablecoin. For those with PSC still […]
The partnership will help Palau be climate-friendly while enhancing its cross-border payments and digital currency technologies. Ripple, the digital payment network, has partnered with the Republic of Palau to help the Pacific island nation develop its own digital currency.The initial focus of the partnership will see the development of a USD-backed digital currency to help facilitate cross-border payments for the nation. The collaboration “could see the implementation of the world’s first government-backed national stablecoin in the first half of 2022” according to Ripple's....
In October, Estonia invited anyone, anywhere, to become an e-citizen of the Estonian digital society, open a bank account in Estonia, or start a business. They said that by the end of the year, anyone with an internet connection will be able to live their financial life in Estonia, all without being physically present. The Estonian e-Residency program was officially launched on December 1. Also read: Estonian e-Residency Program Launched. In a ceremony in the Estonian capital of Tallinn, Estonia's President Toomas Hendrik Ilves made British journalist Edward Lucas Estonia's first....
The Republic of Estonia has officially introduced e-Residency, a government-issued digital identity card that provides a way to operate a location-independent business online. Estonia announced the e-Residency program today at Nordic Digital Day, an e-government conference at the Swissotel Tallinn, Estonia. The e-Residency program enables secure and convenient digital services that facilitate credibility and trust online. Applicants can apply online for e-Residency at e-resident.gov.ee. A one-month process. Applicants must fill in the online application, upload their photo and a photo of....