Palau to offer Digital Residency via blockchain (NFT)

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Singa

Active Member
I guess it won't be much difference than a Dubai freezone address.
do you have any idea about how much this service will cost? --> Adopt a Meter - Utility bill proof of address Digital signature/certificate
or it will be included with the Yearly $248 fee?
and what about the Phone number? you will get a free Palau virtual number, or you have to pay for it as well?
 

Singa

Active Member
Yes, most users have gotten theirs and were able to open accounts in exchanges.
The rest of the advantages are still in progress tho.
Good.. Congratulations
How long you waited till u get your card? Form the point you passed the Verification
 

hkrlh1

New member
Good.. Congratulations
How long you waited till u get your card? Form the point you passed the Verification
About 2mo, but things are moving faster now.
But after you get approved you can download a digital ID on the website, so you don't have to wait for the physical card.
 

Singa

Active Member
About 2mo, but things are moving faster now.
But after you get approved you can download a digital ID on the website, so you don't have to wait for the physical card.
Really good.. I wonder if advcash would accept the Palau digital ID, I hope they do..
 

Singa

Active Member
this is promising, I like the idea it really aligns with the web3 future and new business model but yet again it's all promises still nothing guaranteed or doable as of right now, only level 1 verification on some exchanges... i mean you pay that fee which is valid only for 1 year, and since there are no actual benefits yet been implemented is just a useless piece of plastic.. it would be logical for this card to have a utility the year we pay it, but is not useful without the services ...
so they should have these services ready b4 they ask for your payment .and they need to bring these features ASAP
 

Rotor

New member
I agree.
The ID should have been valid for at least 2 years.
As soon as you receive your card the clock is already ticking for the renewal and nothing is deployed.
It could become something great but it could also be just a cashgrab scheme.
 

Rotor

New member
Kind of fuzzy... It's supposed to give you some kind of voting powers in the future and maybe some advantages...
I would say if 0.15 ETH is dirt cheap for you, go for it. Otherwise think about it.
 

Migel82

New member
Hi guys
Who has already received this NFT, do you use it as an ID? Can I open a bank account with him?
I'm wondering if I can open a company with this ID, for example in Indonesia and a bank account?
It was said here that this certificate is unlikely to work in European banks, but I think that in Indonesia it is real. Does anyone know for sure?
 

hkrlh1

New member
Hi guys
Who has already received this NFT, do you use it as an ID? Can I open a bank account with him?
I'm wondering if I can open a company with this ID, for example in Indonesia and a bank account?
It was said here that this certificate is unlikely to work in European banks, but I think that in Indonesia it is real. Does anyone know for sure?
You get an actual ID issued by the government. The NFT is just a digital version.

The question is, can you open a bank account abroad with just an ID from your/another country? Don't banks usually ask for passport instead?
 

Sols

Staff member
Mentor Group Gold
I could be wrong, but I don't see how anyone would accept this NFT as a valid form of identity for incorporation and bank account opening.

It's a novelty, about as useful as a Principality of Sealand identity card.
 

Migel82

New member
I figured it works for Binance, does it? Is one such ID really enough to register on Binance? And you don't need a passport?
Anyone with experience, please tell me more.

I would also like to use this ID to sign up on sites like Opensea and the like. I wonder if this will work for Opensea, just one ID?
 

Marie Manila

Entrepreneur
It was advertised that an ID card and ID NFT will be issued.
Has anyone already received the NFT? Does anyone know how to obtain it?
 

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