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The Republic of Palau Partnered with Cryptic Labs to Launch a Digital Residency Program
Summary: The Republic of Palau announced today its partnership with Cryptic Labs to launch a digital residency program using the latter's Root Name System. Palau is attempting to broaden its international reach through blockchain and crypto technology. Using Root Name System, Cryptic Labs says global citizens can claim digital residency backed by the Republic of Palau ...
The Republic of Palau announced today its partnership with Cryptic Labs to launch a digital residency program using the latter's Root Name System. Palau is attempting to broaden its international reach through blockchain and crypto technology.
Using Root Name System, Cryptic Labs says global citizens can claim digital residency backed by the Republic of Palau using blockchain. Palau President Surangel S. Whipps, Jr. signed the Digital Residency Act into law on December 22.
"One of the things that we, as a country, wanted to do is diversify our economy and create a financial center hub," President Whipps said in an interview. "As a small country, that's challenging. But when you're moving digitally, that's easy."
By Amy Liu
Tags: Cryptic Labs,Digital Residency,Palau
Link: The Republic of Palau Partnered with Cryptic Labs to Launch a Digital Residency Program [Copy]
