The government of El Salvador and the leading company in the cryptocurrency sector, Tether, announced the launch of the El Salvador Freedom Visa Program, initiating a series of socio-economic innovations in the country. This program, in which Tether will serve as a technology provider, aims to transform El Salvador into a global technology and financial center, offering special advantages to individuals contributing to the country’s growth.

Collaboration between Tether and the Government of El Salvador

Paolo Ardoino, CEO of Tether, stated in his announcement, “This initiative demonstrates our commitment to supporting cities and communities in their pursuit of financial freedom and innovation.” The selection of Tether as a technology provider highlights a significant step in establishing a robust infrastructure for financial freedom and innovation through this collaboration.

Objectives of the Program and Target Participants

The El Salvador Freedom Visa Program aims to initiate a socio-economic transformation for El Salvador, which is growing as an international tourism center by setting new benchmarks in the country’s culture, security, technology, and societal progress. Participants in the program will have the opportunity to obtain an El Salvador Passport if they actively contribute to making El Salvador a global center distinguished by financial innovations. The program prioritizes visionary individuals, including high-net-worth investors, who aim to make significant contributions to societal progress.

Evaluation by Deputy Foreign Minister Adriana Mira of El Salvador

Deputy Foreign Minister Adriana Mira emphasized the importance of this collaboration as a significant milestone in the commitment to economic development and innovation. She stated, “The El Salvador Freedom Visa Program offers an extraordinary opportunity for individuals to actively participate in shaping a prosperous future for our nation.”

Social Development Projects and Application Process of the Program

The program focuses on El Salvador’s social development projects, including improving learning resources for students, enhancing medical infrastructure, providing widespread access to basic services, and strengthening infrastructure. The application process includes a non-refundable deposit of $999 in Bitcoin or USDT and a KYC (Know Your Customer) process. Accepted applicants, who invest $1 million in Bitcoin or USDT, will have the opportunity to obtain an El Salvador Passport and Freedom Visa, actively contributing to the country’s growth.

This significant step reinforces El Salvador’s vision of becoming a groundbreaking center in Central America by supporting its efforts to achieve goals in financial freedom, technological innovation, and cultural enrichment.