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El Salvador leverages Tether’s tech for the Freedom Visa Program – Who Is eligible?

El Salvador

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TL;DR

  • On December 7, 2023, El Salvador and Tether launched the “Adopting El Salvador Freedom Visa Program,” encouraging people to shape El Salvador’s new socio-economic landscape.
  • Eligibility for the program prioritizes visionary individuals, particularly high-net-worth investors, who aspire to make a major contribution to societal advancement.
  • Paolo Ardoino, CEO of Tether, takes pride in the partnership, stating, “This partnership reinforces our dedication to advancing technology, empowering nations, and enabling individuals to invest in a future where innovation and progress go hand in hand.”
  • Applicants must pass KYC and deposit $999 USD in Bitcoin or USDT. If accepted, the deposit will count towards the $1 million Bitcoin or USDT investment needed for the Freedom Visa and citizenship.

The government of El Salvador and Tether, the largest crypto company, announced the commencement of the “Adopting El Salvador Freedom Visa Program” on December 7, 2023. 

This visa program is designed to foster an atmosphere in which individuals can contribute to the creation of a new socioeconomic landscape for El Salvador, a rising international tourism hub, and to attract individuals who are sincerely devoted to triggering economic growth and promoting revolutionary societal change. 

El Salvador and Tether collaborate to elevate the Freedom Visa Program

According to the launch report, the new program’s primary goal is to empower participants to co-create a future that will establish new standards in culture, safety, technology, and societal growth. 

Individuals become vital partners in directing a nation towards remarkable progress and evolution by engaging in creating El Salvador as a dynamic global center for cutting-edge technology and financial innovation, and they offer a road to earning a Salvadoran Passport.  

The program prioritizes visionary individuals, especially high-net-worth investors, who want to make a major contribution to societal advancement.

Our collaboration with the government of El Salvador is a significant moment for Tether as a technology provider […] This initiative highlights our commitment to supporting cities and communities in their pursuit of financial freedom and innovation. It represents a unique opportunity for us to utilize our technological capabilities to foster growth and innovation in the region.

Being chosen as the tech provider underscores the importance of robust infrastructure in driving meaningful change. This partnership reinforces our dedication to advancing technology, empowering nations, and enabling individuals to invest in a future where innovation and progress go hand in hand.

Paolo Ardoino, CEO of Tether

This groundbreaking collaboration highlights Tether’s role as a technology enabler, assisting cities, countries, and communities by delivering critical technology and payment infrastructure. The initiative aspires to establish El Salvador as a pioneering hub for tourism and economic liberty, representing a substantial step forward in societal growth and innovation.

What projects are covered in the partnership?

Improving learning resources and facilities for students, upgrading medical infrastructure, and guaranteeing widespread access to important services are all critical social development projects, as is boosting the country’s infrastructure, including transportation and communication networks. 

These programs seek not only to improve communities but also to set the groundwork for a more prosperous future for all Salvadorans. This commitment underlines El Salvador’s commitment to inclusive development and presents the country as a symbol of progress in Central America.

This collaboration signifies a pivotal milestone in our dedication to economic development and innovation. The ‘Adopting El Salvador Freedom Visa Program” offers an extraordinary opportunity for individuals to actively participate in shaping a prosperous future for our nation.

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

The application process for the program has been simplified to stimulate visionary contributions to El Salvador’s economic progress, cultural enrichment, and societal upliftment. The process needs a non-refundable $999 USD investment in Bitcoin or USDT, and all accepted applicants must pass KYC. 

Upon acceptance, the deposit will be applied towards the $1 million in Bitcoin or USDT investment required to acquire the Freedom Visa and eventually citizenship. This investment allows individuals to secure the Freedom Visa while also actively contributing to the nation’s progress.

Families can also apply collectively, allowing eligible family members such as spouses, children, and dependent relatives to participate in determining El Salvador’s future.

How long are the Freedom Visas valid?

El Salvador’s Freedom Residency Visa program is intended to be a long-term residency and citizenship project, similar to the notion of other countries’ Golden Visa programs. Eligible candidates will be granted citizenship.

The Adopting El Salvador Freedom Visa application process is simple, with the initial form taking only a few minutes to complete. Once submitted, the processing time can vary, with approvals taking up to 6 weeks on average. 

During this time, the information given is thoroughly checked and verified to verify that it complies with the program’s standards. While the application process is quick, the processing time allows for a thorough evaluation, ensuring that all essential steps are taken before the special Freedom Visa is issued and the path to citizenship is opened.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Florence Muchai

Florence is a crypto enthusiast and writer who loves to travel. As a digital nomad, she explores the transformative power of blockchain technology. Her writing reflects the limitless possibilities for humanity to connect and grow.

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