{"id":26549,"date":"2023-12-13T04:23:57","date_gmt":"2023-12-13T04:23:57","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/el-salvador-expects-to-sell-out-bitcoin-freedom-visa-by-end-of-year\/"},"modified":"2023-12-13T04:23:59","modified_gmt":"2023-12-13T04:23:59","slug":"el-salvador-expects-to-sell-out-bitcoin-freedom-visa-by-end-of-year","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/el-salvador-expects-to-sell-out-bitcoin-freedom-visa-by-end-of-year\/","title":{"rendered":"El Salvador expects to sell out Bitcoin \u2018Freedom Visa\u2019 by end of year"},"content":{"rendered":"
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El Salvador\u2019s National Bitcoin Office says its $1 million Freedom Visa program has already received hundreds of inquiries since its launch on Dec. 7, and expects it to fully sell out be<\/p>\n
In emailed comments to Cointelegraph, a spokesperson for El Salvdor\u2019s National Bitcoin Office (ONBTC) said that it had received hundreds of inquiries and \u201cmany dozens of applications\u201d both online and in person at its embassies and consulates. <\/p>\n
\u201cBased on the current level of interest, we expect the program to sell out by the end of the year.\u201d <\/p><\/blockquote>\n
Launched by the\u00a0El Salvador government on Dec. 7 in partnership with stablecoin issuer Tether, the Freedom Visa is a citizenship-by-donation program that grants a residency visa and pathway to citizenship for 1,000 people willing to put down a $1 million Bitcoin (BTC) or Tether (USDT) donation towards the country.<\/p>\n
The ONBTC spokesperson clarified that the program is limited to a total of 1,000 slots per calendar year. <\/p>\n
However, market commentators such as Altana Digital Currency CIO Alistair Milne described El Salvador\u2019s million-dollar visa program as \u201cuncompetitive\u201d when considered next to those offered by countries like Malta which tout full European citizenship for $810,000.<\/p>\n
\nEl Salvador offering Visas and citizenship to anyone investing $1million (in USDt or Bitcoin) in the country<\/p>\n
Frankly uncompetitive in the global market (can get EU citizenship for less) so disappointing https:\/\/t.co\/ALydiMAJRj<\/p>\n