Thu. Jun 20th, 2019

Min. Chilton, Ambassador Tseng and leaders witness ribbon cutting of renovated civic center


On October 25th, the Office of the President with Capital Improvement Projects Office of the Ministry of Public Infrastructure, Industries & Commerce and the Ministry of Community & Cultural Affairs held the official handover and ribbon cutting ceremony of the newly restored Palau Civic Hall formerly known as the Palau Civic Center. [/restrict]

This project was fully funded by the Government of the Republic of China-Taiwan Stimulus Funds, in the total amount of $700,000USD. The ceremony was graced with the presence of His Excellency Michael Y. K. Tseng Ambassador of the Republic of China-Taiwan and Jason Chih-Sheng Huang – Counselor of the Embassy of the Republic of China-Taiwan, Paramount High Chief Ibedul Yutaka M. Gibbons, Paramount High Chief Reklai Raphael B. Ngirmang, other members of the Council of Chiefs, Ministers, Governors, Pastor Hiob Ngirachemoi and a few senior citizens from the Old Age Center.

Again, the Office of the President with Palau leadership and community, would like to express their deepest appreciation to the ROC, Taiwan Government for funding the restoration project of the Palau Civic Hall (Official Project Name: Palau Civic Center Restoration Project). [/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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