Who would have thought a small nation with approximately 18,000 people would enter the crypto world?
During an interview, Palau President Surangel S. Whipps, Jr. announced a partnership with the blockchain and crypto advisor firm Cryptic Labs. The alliance was created to launch the world’s first digital residency platform using blockchain technology, where any person in the world can apply.
President Surangel S. Whipps, Jr said:
“One of the challenges that we have is, we have a registry process now. It’s time consuming, and we didn’t have the technology to verify backgrounds or check on things. Now, with this process—first, you vet them through the digital ID processor. Now when they go to [set up] a corporation, it will be much quicker because now they’ve got an ID that we’ve verified.”
Palau is becoming a crypto nation
The Republic of Palau has many plans to enter the crypto space. In November 2021, they announced their first approach by partnering with Ripple t
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