On October 1, President Tommy E. Remengesau, Jr. accredited H.E. Dr. Jozsef Bencze as the first non-resident Ambassador Extraordinary and Plenipotentiary of Hungary to the Republic of Palau during the presentation of credentials ceremony at the National Capitol in Ngerulmud, Melekeok.
During the ceremony, President Remengesau acknowledged the strong historical ties shared by Palau and Hungary despite recently establishing formal diplomatic relations in September of 2017. Both nations share historical relations through a local high school, Mindszenty High School, which was named after the late Jozsef Cardinal Mindszenty, the Prince Primate, Archbishop of Esztergom, cardinal and leader of the Catholic Church in Hungary.
In congratulating Ambassador Bencze, President Remengesau further expressed the Republic of Palau’s desires to foster cooperation and nurture relations with the Government of Hungary, and to explore partnership for the upcoming 2020 Our Oceans Conference in Palau.
Ambassador Bencze expressed his excitement and commitment to enhancing diplomacy and economic contacts with Palau, including developing cooperation on cultural exchange, people-to-people exchange and exploring assistance on health and medicine, including areas of sports and education.
The ceremony was witnessed by Paramount Chief Ibedul Yutaka M. Gibbons, Paramount Chief Reklai Raphael B. Ngirmang, Dirrauudes Magdalena Rudimch Ngirmang, Associate Justice Oldiais Ngiraikelau, Senator Aric Nakamura, Delegate Mario Gulibert,
Minister Elbuchel Sadang, Minister Umiich Sengebau, Minister Faustina RehuherMarugg, Minister Charles Obichang, Minister Sinton Solablai, and Ambassador Bencze’s 11-year old son and a member of his Embassy staff. (PR)
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.