Fri. Jun 21st, 2019

KONQER 2018 re-lives Yapese journey to obtain stone money from Palau

More surprises await the participants of this year’s KONQER in Palau but to get a better idea of this year’s biggest obstacle race event in the country, one should review a little bit of history as organizers revealed that the event will be based on the story of how the Yapese obtained their famous stone money.

KONQER Chief Experience Officer Kaz Endo, during the media briefing yesterday, said that they don’t want to be stuck with war themes so they opted to delve further into history and decided to re-live the early historical ties of Yap and Palau.

During the race, participants will play the role of Yapese foot soldier in their adventure of mining the famous stone money from Palau.

“We recreate our fictional version of that period where all the contestants will be playing the role of a Yap foot soldier,” Endo said.

Yap is known for its large stone money which is locally called as Rai. These stone money, according to historical data, had been mined by Yapese from Palau as early as 500 CE but the widespread mining was dated between the period of 1000-1400 CE.

As of yesterday, KONQER participants had already reached more than 375, surpassing last year’s number which was only noted at around 350. This is still expected to increase as the registration is still on-going

Last night, 50 participants represented by team captains and other participating members showed up at the event briefing held at the Belau National Museum.

Endo also said that this year’s setup is going to be more spectator-friendly as they have also prepared viewing areas for the spectators.

Aside from enjoying the participants battle it out on the obstacle area, audience will also enjoy raffle prizes.

KONQER Palau is slated on October 6 for the K8 and October 7 for the K9. (Rhealyn C. Pojas)

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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