Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Did you win $1 million in Bitcoin or Tether? El Salvador will give you a ‘free visa’
ETHEREUM NEWS

Did you win $1 million in Bitcoin or Tether? El Salvador will give you a ‘free visa’

By Crypto FlexsDecember 8, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Did you win  million in Bitcoin or Tether?  El Salvador will give you a ‘free visa’
Share
Facebook Twitter LinkedIn Pinterest Email

The government of El Salvador has announced a visa program that will provide passports and green cards to foreigners who invest $1 million in Bitcoin or Tether in the small Central American country.

According to a government webpage, the ‘Freedom Visa’ program is for high net worth individuals or investors who wish to engage in ‘commitment to building the nation of the future’.

Salvadoran President Nayib Bukele also posted the announcement on X (formerly Twitter) on Thursday. The program is in partnership with Tether, the company that developed the stablecoin USDT.

The government website says: “El Salvador has been reborn as a land of economic freedom. But this is just the beginning. Help us build the future you want to see.”

El Salvador’s idea is what is known as the “golden visa” program. Countries around the world, including Spain, Portugal, and Ireland, offer visas to those with deep investments.

Stablecoin issuer Tether said Thursday the program will help establish El Salvador as a “dynamic global center for cutting-edge technology and financial innovation.”

The company’s USDT product is the most traded cryptocurrency and is pegged to the U.S. dollar, making it a widely used digital token by traders.

Tether has previously worked with the government of El Salvador. Tether helped turn Lugano, Switzerland, into a cryptocurrency hub and invested $1 billion in the country for a renewable energy Bitcoin mining plan.

The visa scheme invites 1,000 applicants per year to provide the country with a $1 million cryptocurrency donation that will be used for “economic development, cultural enrichment and social programs to achieve maximum economic development and rebirth.”

Applicants will then receive a passport and permanent residency card.

El Salvador created Bitcoin fiat currency in the country in 2021. Businesses have a legal obligation to accept cryptocurrencies if they have the technical means to do so.

The country’s president, Nayib Bukele, came up with the idea and used the country’s coffers to purchase virtual coins. His ideas were criticized by the U.S. government and economists. And when the BRC-20 token surged in popularity on the Bitcoin network in May, some people pointed out that Salvadorans would not be able to use the asset for everyday transactions.

However, Bukele said on social media earlier this week that the recent BTC rally has helped El Salvador’s holdings turn a profit. Even though Bitcoin adoption is a controversial idea, there is no doubt that Bukele is a popular leader. Salvadorans praise him for cleaning up a country previously riddled with crime and rampant murder.

But human rights groups have accused him of harshly cracking down on gangs, with Amnesty International this week calling “highly repressive security policies and a weakening of the rule of law”.

Edited by Stacey Elliott.

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Next chapter of ecosystem support program

August 31, 2025

Kindly, MD’s $ 5B Bitcoin Play comes as DATS raises fear of wider Altcoin fluidity.

August 27, 2025

Bitcoin News Today: Ether (ETH) is 5K $ 5K and BTC Eyes is recorded as Powell Sparks Rally. DAT transaction risk: Be careful with asset managers

August 23, 2025
Add A Comment

Comments are closed.

Recent Posts

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025
Most Popular

Number of whale wallets reaches highest level in 15 months

February 5, 2024

If ETH falls below $3.8K, Ethereum bulls will have a decision to make.

December 11, 2024

Bank problems soar, Bitcoin surges

March 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.