Vanuatu Is Pioneer Nation To Accept Bitcoin As Payment For Its Citizenship Program

Vanuatu Is Pioneer Nation To Accept Bitcoin As Payment For Its Citizenship Program

Vanantu The South Pacific island nation emerged as host to the world. An innovative initiative is introduced by government to accept bitcoin in exchange for citizenship. Cost of Vanantu’s citizen program is $200,000 USD that means at current prices the residency program costs less than 41.5 bitcoins. As per statement by Christian Nesheim an investment migration specialist who advised the Vanuatu government to consider bitcoin as it gives competitive advantage and edge to Vanantu in the citizenship market. He also said that accepting Bitcoin gives a long term stability to the ecomoy of the country. It Also enhace the scope of the citizenship program among international customer base.

Vanantu Information center

According to The chairman of the Vanuatu Information Centre  i.e.VIC , Geoffrey Bond has clearly mentioned that “the Government of Vanuatu would welcome the new technologies and explicitly expressed a desire to be at the forefront of adopting new tools &  technologies. Officially it is very encouraging that VIC will receive payments in the form of bitcoin.  According to Bond due diligence probity checks and other formalities that are required to obtain Vanuatu Citizenship will be taken care as earlier. All bitcoin transactions will be handled by our partner Australian Exchange. The managing director of the VIC –  James Harris, has addressed citizens and he was very excited about cryptocurrency in financial transactions.