The Republic of Palau's National Government Payment Service Project: Phase 2a Report

The Republic of Palau's National Government Payment Service Project: Phase 2a Report

On July 31, 2024, The Republic of Palau's Ministry of Finance published its 'National Government Payment Service Project: Phase 2a Report'. The report was prepared alongside Ripple's Central Bank Digital Currencies and Central Bank Engagements team. It details the progress made towards establishing a digital payment system designed for all Palauans.br br Key points of the report include:br br - Technical Infrastructure Assessment: Evaluation of technological requirements necessary for nationwide implementation.br br - Strategic Partnerships: Forging alliances to augment trust and reliability in the initiative.br br - Risk Management Protocols: Comprehensive strategies formulated to safeguard against potential threats.br br - Recommendations for Progressive Deployment: Proposals for phased implementation to ensure affordability and broad accessibility.


User: Palau Digital Residents

Views: 5

Uploaded: 2024-09-04

Duration: 01:29

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