Cryptic Labs and Palau Unveil World's First Digital Residency Using Blockchain
A $100 digital ID will give you residency in a new borderless financial hub.
Source: thestreet.com
Stay updated with breaking news from Cryptic Labs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A $100 digital ID will give you residency in a new borderless financial hub.
The Republic of Palau has partnered blockchain firm Cryptic Labs to issue digital IDs to people in an NFT format. People can register for the Root Name System (RNS) programme by creating an account and paying via credit cards or cryptocurrencies.
KOROR (Island Times/Pacnews) — A plan to pass a Digital Residency Identification law did not succeed as the bill failed to get a majority of the votes in the Palau