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El Salvador Partners Tether to Launch Freedom Visa On Bitcoin and USDT Investment
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.
El Salvador Bitcoin. Source: RawBeautyPixels/Adobe
El Salvador has announced a citizenship-by-investment scheme powered by Tether, the company behind stablecoin, USDT that allows people to acquire citizenship through Bitcoin (BTC) and USDT investments.
The stablecoin issuer disclosed the partnership in a Dec 7 press release rolling out the El Salvador Freedom Visa Program where people can contribute to the country’s development and earn citizenship status as a reward.
“This visa program is designed to foster an environment where individuals contribute to shaping a new socio-economic landscape for El Salvador, a growing hub of international tourism, and attract individuals deeply committed to catalyzing economic expansion and driving transformative societal change.
Targeted at high net worth individuals, the policy sees investors as positioning El Salvador as a global hub for technology and financial innovation to obtain a passport