Leveraging its embrace of digital currency, El Salvador’s Freedom Visa program offers citizenship to 1000 crypto-millionaires per annum, with the $1 million fee payable in Bitcoin or Tether.
The nation garnered $153 million within a week of its introduction, boosting funds for infrastructure and investments.
This scheme forms part of the country’s transition into a Bitcoin-based economy, aiming to achieve a debt-free state by 2023.
The successful adoption of Bitcoin has enhanced the El Salvadorian economy, reducing living costs and boosting tourism, with its GDP witnessing an upsurge.
My Take…
If you have $1 million in crypto, then El Salvador could be a potential retirement option.
To be honest, El Salvador is not on my personal list of retirement destinations, just too many issues the past few years, although it’s getting a lot better lately.
To be honest, El Salvador is not on my personal list of retirement destinations, just too many issues the past few years, although it’s getting a lot better lately.
For more details click on the link:
https://www.coinspeaker.com/el-salvador-freedom-visa-program/
