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Palau to issue Government-backed stablecoin with Ripple support
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Palau president Surangel S. Whipps, Jr.
says: “The first phase of the partnership will focus on a cross-border payments strategy and exploring options to create a national digital currency, providing the citizens of Palau with greater financial access.”The XRP Ledger provides financial institutions and government bodies such as Palau the ability to fully settle transactions for fractions of a penny and in just 3-5 seconds. To date, more than 5,400 currencies have been issued and traded on the
. Read more on finextra.comAbout this in other media
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