Tag Archives: Palau

04Feb/22

OPINION: Sun, sea and sandboxes: What are crypto innovators testing in the Pacific?

4 February 2022 (Thomson Reuters Foundation) — In normal times, the Pacific nation of Palau was a magnet for tourists. Palau’s population of 18,000 welcomed around 100,000 Yachties each year in search of remote un-spoilt beaches and pristine reefs. To protect the oceans for scuba diving tourists, most of Palau’s waters were designated off-limits for commercial fishing. Pre-covid, all of Palau’s eggs were in the tourism basket. Today, facing prolonged covid restrictions, that basket is empty, and Palau’s cash is drying up. Continue reading