- El Salvador announced a crypto investment program for foreigners to acquire their visas and become citizens.
- Participants must make a $1 million investment to be paid using Bitcoin or USDT.
- The slot is open to 1,000 participants and takes a week to conclude.
In a notable development, the El Salvador government announced a cryptocurrency investment program that would allow foreigners to acquire citizenship in the Central American country.
Indeed, the announcement stated that the investment would allow participants to become citizens under the country’s Freedom Visa program. Furthermore, such individuals would have to pay $1 million in USDT or BTC.
According to the post, the program is only limited to 1,000 participants, making it an exclusive first-come investment program. To, however, qualify the initial application process comes with a non-refundable $999 deposit to be paid in Bitcoin or USDT.
Additional information provided disclosed the entire application takes minutes, but the whole process from start to finish could take up to 6 weeks. If all the slots were filled, the Central American country would have raised $1 billion through the program…
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