Republic of Palau Partners With Cryptic Labs to Launch Digital Residency Programme
The Republic of Palau has recently partnered with the Cryptic Labs and plans to launch Digital Residency Programme and also will provide its Residents with the NFTs IDs.
Palau’s RNS programme is planning to give the Blockchain-Based legal IDs and a digital residency that will open access to avail the global business opportunities.
Highlighted Points
- Palau's President has opened and given the RNS Programme for all global users.
- The innovative initiation taken by the Palau Government is aimed to give people control over information sharing.
- The initiation will allow people to grow their global businesses opportunities.
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Palau President, Surangel Whipps Jr. has signed an agreement to grant “all global users” a digital residency through the RNS.
Also, the report of Coin Telegraph has mentioned the report as quoted by himself the president of Palau as “Our Digital Residency program will have the capacity for internationally recognized standards of identity verification to ensure that Palau upholds the rule of law and our reputational integrity. We welcome all global citizens to apply to participate in Palau’s dig8ital residency programme.”
the applicants of digital residency can create an account and they can pay via their credit card or using cryptocurrency.
Before this Innovative idea, the Republicans of Palau has taken many steps that show the favoring behavior towards the cryptocurrency.
It also has released a statement in which it was mentioned about the step that would have been taken by the Palau government in the path [of adopting the national digital currency.
