XRP Gains Value, After the President of Palau Announced Collaboration with Ripple to Launch Country’s Stablecoin
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In his recent interview with Bloomberg, the president of Palau Surangel Whipps Jr talked of the country’s plans to build a digital economy. The President confirmed that they are partnering Ripple, one of the world’s leading blockchain firms, to launch a USD-backed Central Bank Issued Digital Currency-CBDC. According to Mr. Whipps Jr, the launch of stablecoin would not only assist Palau in developing a digital economy, but it would also attract so called ‘digital visitors’ to the country. One of the prime reasons Palau needs to have a digital currency is that the island does not have its Central Bank.
Palau will issue a stablecoin to support plans for a digital overhaul of its economy, according to its president. Fast facts President Surangel S. Whipps, Jr. said that the Pacific archipelago was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…