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The Republic of Palau and Ripple partner up to create national stablecoin

Photo of Flavien FlavienDecember 27, 2022
1 minute read
Palau Archipelago

Palau, a small Republic composed of more than 500 islands in the Pacific Ocean, with a little over 20,000 inhabitants, has passed earlier this year a Digital Residency Act, enabling the global community to receive a digital identity from Palau. The aim is to diversify the archipelago’s economy, as it faced struggles during the pandemic. According to President Whipps Jr., Palau is also currently entering a partnership with Ripple to issue a national stablecoin, to « help make payments easy and secure », which will further take the small country into the Web3 industry.

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Photo of Flavien FlavienDecember 27, 2022
1 minute read
Photo of Flavien

Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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