Ripple-backed stablecoin pilot in Palau achieves positive results
THE WE. dollar-indexed Palau Stable coin was used by 168 volunteers For $100 of retail purchases In three month.
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THE First of all phase of THE Palau Stable coin (CFP) Program has has been declared A success by THE country Ministry of Finance. More work on THE United States dollar-indexed national stable coin East foreseen, with THE aim of presentation THE CFP on A national ladder, according to has A report released on Dec. 7.
THE three months CFP project was door out with THE participation of Ripple And used THE XRP register central bank digital currency (CBDC) platform. THE Finance Ministry recruited 168 volunteers Since among government employees, WHO were able has spend 100 CFP has participant local retailers. Both THE volunteers And retailers replied positively has their experience using THE CFP.
THE
CFP
concept.
Source:
Palau
Ministry
of
FinancePurchases were do using A phone And A QR coded Or by manually seizure A wallet address. Only THE retailers were able has redeem THE CFP For WE. dollars, which East Palau legal currency. THE CFP was fully guaranteed by $20,000 In "A Floor 1 Federal Deposit Insurance Company (FDIC) United States bank. »
Related: Republic of Palau And Cryptic Laboratories launch digital residence program
Among THE benefits of THE CFP, THE study note that he will reduce costs partner with financial transactions, reduce THE carbon footprint of THE country money And increase inclusion, Since No ...
THE WE. dollar-indexed Palau Stable coin was used by 168 volunteers For $100 of retail purchases In three month.
News
Join
We
on
social
networks
THE First of all phase of THE Palau Stable coin (CFP) Program has has been declared A success by THE country Ministry of Finance. More work on THE United States dollar-indexed national stable coin East foreseen, with THE aim of presentation THE CFP on A national ladder, according to has A report released on Dec. 7.
THE three months CFP project was door out with THE participation of Ripple And used THE XRP register central bank digital currency (CBDC) platform. THE Finance Ministry recruited 168 volunteers Since among government employees, WHO were able has spend 100 CFP has participant local retailers. Both THE volunteers And retailers replied positively has their experience using THE CFP.
THE
CFP
concept.
Source:
Palau
Ministry
of
FinancePurchases were do using A phone And A QR coded Or by manually seizure A wallet address. Only THE retailers were able has redeem THE CFP For WE. dollars, which East Palau legal currency. THE CFP was fully guaranteed by $20,000 In "A Floor 1 Federal Deposit Insurance Company (FDIC) United States bank. »
Related: Republic of Palau And Cryptic Laboratories launch digital residence program
Among THE benefits of THE CFP, THE study note that he will reduce costs partner with financial transactions, reduce THE carbon footprint of THE country money And increase inclusion, Since No ...
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