Fri. Jun 21st, 2019

PNSB  awards over 1 million dollars for school year 2016-2017.

 Palau National Scholarship Board (PNSB) has reviewed all the applications that were completed by the deadline date of July 31, 2016.  Luckily for these students (about 133) who submitted their applications on time, awards are now available and PNSB began disbursing awards today just in time to meet college tuition payment deadlines.   [restrict]

Due to the increase in the appropriation for PNSB fund, the portion from foreign worker permit as well as foreign labor fees, Chairperson Christopher Kitalong is happy to report that this school year’s awards are reportedly the highest per student.  PNSB can fulfill the financial request of a good portion of the applicants.  In fact, PNSB has awarded a little over 1 million dollars for this fall semester and anticipates additional awarding within the next month.

Over 70 applications are pending review following the “30-day window” given to allow items that were postmarked on or before the July 31st deadline.  The Board congratulates all the eligible students and encourages them to maintain their full-time status, keep up their good grades/gpa and to always file their applications early so that they can continue receiving financial support from PNSB.  Chairperson Christopher Kitalong and the board remind all recipients that PALAU NEEDS YOU.[/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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