The South Pacific island nation of Vanuatu has become host to the world’s first government to accept bitcoin in exchange for citizenship. Vanuatu’s citizenship program costs $200,000 USD, meaning that at current prices the residency program costs less than 41.5 bitcoins.
The Chairman of the Vanuatu Information Center (VIC)– which oversees Vanuatu citizenship applications – Geoffrey Bond, had sent an official request earlier this month seeking permission to accept bitcoin as a form of payment.
Must Do Takeaways from the above News:
- Vanuatu is a South Pacific Ocean nation made up of roughly 80 islands that stretch 1,300 kilometres.
- Port Vila is the capital city of Vanuatu.
- Tallis Obed Moses is the present President of Vanuatu.
Source- Various Sources