Thu. Jun 20th, 2019

Vice President called to reconsider travel

01 September [Koror]. A travel, planned by Vice President Antonio Bells off-island on the 2nd September 2016 has left President Remengesau troubled while attending the 10th Pacific Islands Conference of Leaders at the east-west center in Honolulu, Hawaii. [restrict]

A memorandum issued to his Ministry staff states that he will be off island on September 1st and returning on September 6.  In the memo, he delegated tasks to his staff and referred all responsibilities of Vice President or Minister of Justice to the President.

“All matters requiring my attention as Vice President and Minister of Justice should be forwarded to the President,” stated VP Bells on the Memorandum.  The memorandum which is addressed to his Ministry is copied to the Office of the President and all Ministers.

Chief of Staff of the Office of the President Secilil Eldebechel in a letter to Vice President Bells on September 1st, noted that President Remengesau was “troubled” to hear of Vice President travel plans.

The letter protests the intended departure of the Vice President which it states violates the Constitutional and statutory provisions of Article VIII Section 2 of the Constitution and 2 PNC section 203.  The letter further requests Vice President Bells to reconsider his travel plans.

President Remengesau had delegated authority to Vice President Bells prior to his departure on August 26, 2016. In the letter, he informed VP Bells that he will be off-island on official business from August 28 to September 5th.

Despite concerns, Vice President Antonio Bells departed on Friday morning.  Vice President Bells could not be reached for his side of the story. [/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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