Thu. Jun 20th, 2019

2 remaining justices’ vacancies filled

By Francis Talasasa,  Reporter

Two of the remaining posts of the three advertised positions for the Associate Justices of Palau Supreme Court in early February 2016 have been filled. [restrict]

The two are Mr. John K. Rechucher of the Republic of Palau and Mr. Barry Michelsen of United States.

In a letter cited by Island Times, the two has been given a formal appointment on a letter dated August 18 by the President Remengeseu. As stated in accordance with the constitution and laws of the Republic of Palau, more particularly the Fourteenth Amendment and RPPL No: 9-46 the President formally informed the appointment of Mr. John K. Rechucher and Mr. Barry Michelesen to the position of Associate Justice on Appellant Division of the Palau Supreme Court.

The appointment letter added that in view of their extensive experience practicing law and impressive professional experience, the office of the President is confident for these two to carry out and fulfill the responsibilities given.

50 applicants were in total for the 3 vacancies. 41 interested applicants totaled as the highest were off- islanders. The third position was earlier filled by appointment of Mr. Oldiais Ngiraikelau to the  Trial Division of the Palau Supreme Court. [/restrict]


ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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