A Palau government official has shared a live demonstration of the Palau stablecoin on the XRPL as the project enters a Phase One pilot in partnership with Ripple. Jay Hunter Anson, the FinTech Project Manager at Palau’s Finance Ministry, recently shared a live demonstration of the Palau stablecoin (PSC) used on the XRP Ledger (XRPL). Anson […] The post First Live Demonstration of Palau Stablecoin on XRP Ledger in Partnership with Ripple first appeared on The Crypto Basic.

First Live Demonstration of Palau Stablecoin on XRP Ledger in Partnership with Ripple

A Palau government official has shared a live demonstration of the Palau stablecoin on the XRPL as the project enters a Phase One pilot in partnership with Ripple.

Jay Hunter Anson, the FinTech Project Manager at Palau’s Finance Ministry, recently shared a live demonstration of the Palau stablecoin (PSC)  used on the XRP Ledger (XRPL) . Anson shared the live demonstration following the first press release on the project’s pilot.

FAQ on the Palau Stablecoin

The Palau government official recently took to Twitter to answer some frequently asked questions on the stablecoin. 

He rightly emphasized that residents can use the stablecoin just as they use fiat currency but on a digital wallet. Being a US Dollar-backed stablecoin, the Palau stablecoin holds the same value as the dollar. It allows residents to spend the dollar with an e-wallet.

In addition, Anson  shared  a snapshot of the dedicated e-wallet for the Palau stablecoin. 

Users can access the e-wallet at  palau.ntls.io

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