Thu. Jun 20th, 2019

BPS bares PPUC official in alleged race using government vehicle

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The name of the official who allegedly used the Palau Public Utilities Corporation (PPUC) vehicle to race with another vehicle in front of Bank of Hawaii has been revealed by BPS.

The vehicle was allegedly used by Jasper Davis who is an official with the PPUC.

The Public Relation Officer at PPUC said, “PPUC takes this issue very seriously. We don’t condone such behaviour and anyone at fault will be severely disciplined.”

However, as the investigation is still on there is no further information revealed by either BPS or PPUC.

Last week, Special Assistant to the Minister of Justice Keiden Kintol had confirmed that the car allegedly used for racing was a PPUC vehicle. (By Eshan Kalyanikar)

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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