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El Salvador Pioneers Visa Program with Tether: Crypto Gateway to Citizenship

2 mins
Updated by Kyle Baird
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In Brief

  • El Salvador and Tether launch a visa program to attract visionary investors and drive socio-economic growth.
  • The initiative aims to position El Salvador as a global hub for technology, culture, and societal progress.
  • It offers a path to citizenship via a $1 million investment in Bitcoin or USDT, showcasing El Salvador's commitment to crypto.
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El Salvador, in partnership with USDT stablecoin issuer Tether, has unveiled the “Adopting El Salvador Freedom Visa Program.” This pioneering initiative is set to redefine the socio-economic fabric of El Salvador, positioning it as a nexus of technology, culture, and societal advancement.

This visionary program is primarily tailored to attract high-net-worth individuals and investors dedicated to making a substantial impact on societal progress.

El Salvador Offers Crypto Investor Visa

By embracing this initiative, El Salvador is extending its horizons in international tourism. At the same time, it’s further cementing its place as a key player in global technological and financial innovation.

Paolo Ardoino, CEO of Tether, elaborates on this collaboration,

“Our partnership with El Salvador marks a significant milestone for Tether as a technology provider. This initiative is a testament to our commitment to fostering financial freedom and innovation in communities and cities. It’s a unique opportunity to leverage our technological prowess to spur growth and innovation in the region. Our role in this partnership underscores the criticality of robust infrastructure in instigating meaningful change.”

Read more: Web3 Jobs: How to Get a Job in Crypto Sector

The program underscores Tether’s role as a catalyst for technological enablement by supporting nations and communities with essential tech and payment infrastructure. It also aims to elevate El Salvador as a vanguard of tourism and economic freedom.

El Salvador’s Vice Minister of Foreign Affairs, Adriana Mira, remarked,

“This collaboration is a pivotal juncture in our commitment to economic innovation and development. The ‘Adopting El Salvador Freedom Visa Program’ offers an unparalleled opportunity for individuals to actively shape a prosperous future for our country.”

A Crypto-Forward Nation

This initiative aligns with El Salvador’s commitment to cryptocurrency, demonstrated by its adoption of Bitcoin as legal tender in 2021.

The move has been instrumental in integrating a significant portion of the population into the formal economy, fostering financial inclusion and literacy, and paving the way for enhanced investment opportunities and economic growth.

The program’s application process encourages visionary contributions to El Salvador’s economic, cultural, and societal upliftment.

It requires a deposit in Bitcoin or USDT. The program then credits this deposit towards the $1 million investment required for the Freedom Visa and citizenship.

How much it costs to buy citizenship through investment. Source: CNN Business
How much it costs to buy citizenship through investment. Source: CNN Business

This approach facilitates the nation’s growth and also offers families a chance to collectively shape El Salvador’s future.

This innovative visa program by El Salvador and Tether is more than an investment opportunity. It’s a gateway to becoming an integral part of a nation’s journey toward unprecedented growth and societal transformation.

Top crypto platforms in the US | March 2024
Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.
This article was initially compiled by an advanced AI, engineered to extract, analyze, and organize information from a broad array of sources. It operates devoid of personal beliefs, emotions, or biases, providing data-centric content. To ensure its relevance, accuracy, and adherence to BeInCrypto’s editorial standards, a human editor meticulously reviewed, edited, and approved the article for publication.

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Kyle Baird
Kyle migrated from the East Coast USA to South-East Asia after graduating from Pennsylvania's East Stroudsburg University with a Bachelor of Science degree in 2010. Following in the footsteps of his grandfather, Kyle got his start buying stocks and precious metals in his teens. This sparked his interest in learning and writing about cryptocurrencies. He started as a copywriter for Bitcoinist in 2016 before taking on an editor's role at BeInCrypto at the beginning of 2018.
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