El Salvador’s government has created a one-of-a-kind visa program geared at luring high-net-worth individuals and investors. The “Adopting El Salvador Freedom Visa Program,” which is limited to 1,000 participants each year, provides a road to citizenship for people who deposit $1 million in Bitcoin (BTC) or Tether USDT). Bitcoin has the distinct distinction of being accepted as legal money in El Salvador.

For the El Salvador Freedom Visa, one will have to invest $1 million in Bitcoin (BTC) or USDt to be eligible for a fast-track Salvadoran passport. Applicants need to submit a non-refundable application fee of 999 USD in Bitcoin (BTC) or USDt to commence the evaluation process. Once approved, they need to complete the payment of the remaining fee of USD 999,001 in BTC or USDt. Upon completion of the payment process, the Freedom Passport will be issued.

The eligibility criteria for participating are primarily designed for high-net-worth individuals or investors interested in contributing to building Bitcoin Country.

Families can apply for the Adopting El Salvador Freedom Passport program jointly. One spouse and all children under the age of 18 may be included as the primary applicant. The total fee for successful applicants and their family members to obtain expedited citizenship is one million dollars. It includes a non-refundable 999 USD application processing cost to begin the Freedom Passport eligibility check.

The Adopting El Salvador Freedom Passport initiative is intended to help El Salvador’s people, culture, and economy, according to the official website. In Bitcoin Country, El Salvador, it presents a fantastic chance for bitcoin hodlers, entrepreneurs, and those who are just interested in living in a place of economic liberty to actively contribute to the development of a whole new economy and a better future.

Bitcoin is a digital currency, often known as crypto currency, that is created and stored electronically. It manages transactions over a decentralized network with no central authority, such as a bank or government. In EI Salvador, Bitcoin can be used to purchase products and services. Its unique blockchain technology provides openness and security by recording all transactions in a public ledger that everyone can access.