Swiss technology firm CitizenX has joined forces with the Government of El Salvador to become an official processor for the Adopting El Salvador Program. This makes it the world’s quickest path to Bitcoin-based citizenship.
Under the program, high-net-worth individuals and their families can become Salvadoran citizens and earn a passport in under six weeks. The only requirement is a $1 million donation, payable in Bitcoin or Tether, the report stated.
Program Overview
El Salvador, known for being the first nation to accept Bitcoin as legal tender, created this initiative to attract dedicated entrepreneurs and investors.
Rather than simply focusing on revenue, the country aims to build a community of citizens who will actively contribute to its long-term growth. CitizenX’s secure and private platform guides applicants through each step, ensuring a smooth experience.
Because of this partnership, new citizens can join what President Bukele describes as a “freedom haven” with remarkable speed.
Application Process
The Freedom Passport program stands out for its simplicity and speed. Once an applicant submits the initial $1 million donation in Bitcoin or Tether, CitizenX handles the rest. If approved, the remaining 999,000 is paid.
There is no need for any physical residency in El Salvador. Families can apply together, and children under 18 are included. After approval, passports arrive in under six weeks, making it the fastest citizenship program available.
Applicants only need basic documents like a birth certificate, proof of address, a police clearance certificate, and evidence of funds. Once everything is in order, passports can be collected at approved Salvadoran consulates.
Also Read: El Salvador President Bukele Defies IMF, Vows To Continue Bitcoin Accumulation
Program Benefits and Vision
CitizenX believes that this program will help El Salvador connect directly with people who see a bright future in the country. Katie Ananina, CitizenX’s Chief Marketing Officer, praised President Bukele’s commitment to freedom.
She said that entrepreneurs and investors should seize this chance to support and be part of El Salvador’s economic transformation. Alex Recouso, CitizenX’s CEO, added that El Salvador’s model could inspire other countries to use Bitcoin as a source of funding.
He described the Freedom Passport as a way for citizens to show they truly believe in the nation’s vision by backing it with real capital.
Bitcoin Investment Success
This new program comes at a moment when El Salvador’s own Bitcoin holdings have generated significant returns. Earlier this month, the government’s Bitcoin reserves were valued at over 644 million dollars.
This amount represents an unrealized gain of more than 350 million dollars on the original purchases. These strong profits have reinforced the country’s decision to embrace Bitcoin and have attracted international attention.
By teaming up with CitizenX, El Salvador continues its bold experiment as a Bitcoin nation. The new partnership offers a clear path for wealthy individuals and families to gain quick citizenship while showing faith in the country’s future.
Also Read: Freedx Receives DASP License from El Salvador’s CNAD, Aims At Expanding Crypto Services