Fri. Jun 21st, 2019

PVA opens up land activities for tourists

The Palau Visitors Authority (PVA), through its one-stop-shop program, is aiming to provide more tourist activities by showcasing the traditional life and way of governance in Palau.

PVA Chairman of the Board Ngiraibelas Tmetuchl told Island Times in an interview that since Palau has been always known to be a diving haven, PVA is now trying to open up other tourist attractions to help enhance tourism.

“Palau is modernizing so we have a western style of government but it is important to share with tourist that there is a living, thriving culture that is maintained. This structure, called the Bai, is the symbol of that government and the symbol of our culture,” Tmetuchl said.

PVA’s one-stop-shop program piloted in Airai Bai where tourists can have a first-hand experience of seeing the over 300-year-old traditional men’s meeting house, walking through stone paths and also learn about Palau’s culture and tradition through a guided tour.

Just recently, tourists from cruise ship MS Bremen of the Hapag-Lloyd Cruises carried around 140 passengers of different nationalities from Japan where it started its cruise. Some of the passengers came to visit the Airai Bai while others also take other land excursions to the museum and exploring Koror, according to Ole Stapelfeld of the MS Bremen.

“Everybody loves nature, snorkeling was excellent, it is hard to find a place that is just as well preserved as the Rock Islands parks,” Stapelfeld said.

“The cultural and historical part is interesting – the Japanese, American, German history – and the history of Palau itself before the colonization was really worth it and interesting,” Stapelfeld added. (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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