The government of Vanuatu says citizenship to the Pacific Island can now be purchased using bitcoin.
The Pacific island nation of Vanuatu has become the world’s first county to accept the virtual currency bitcoin for its citizenship program.
The Vanuatu Information Centre (VIC) announced that its Development Support Program (DSP) will allow foreigners to qualify for Vanuatuan citizenship through a one-time payment of $200,000 – or its cryptocurrency equivalent.
At current market prices, this puts the price of citizenship for the so-called Paradise Islands at slightly more than 43 bitcoins.
Source/More: Bitcoin Now Buys You Citizenship in Pacific Nation of Vanuatu