Palau has recently received recognition from key figures in the blockchain industry including Binance CEO Changpeng Zhao who recently visited them.
The president of Palau, Surangel Whipps Jr. disclosed details about the country’s digitization and future embracement of blockchain.
The success of cryptos and blockchain technology has guided the exploration of Central Bank Digital Currency (CBDC) in the past couple of years. It is reported that 114 countries, representing 95 percent of the global GDP are currently exploring CBDC. Out of this, 11 countries have fully launched a digital currency.
The latest to join the list is Palau. The president of Palau, Surangel Whipps Jr. disclosed details about the country’s digitization and future embracement of blockchain in a recent interview with Bloomberg’s Joanna Ossinger. In his submission, Whipps Jr. mentioned that the country is seeking to launch a CBDC and will collaborate with Ripple Labs in this groundbreaking initiative. 
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