Paying for citizenship using Bitcoins! - page 2.

Dailyroberts

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Quote from: yishak on October 11, 2017, 09:22:22 AM

The government of the Pacific island nation of Vanuatu has said that it has started accepting bitcoin for its citizenship program.Now foreginers can have Vanuatuan Citizenship by paying 43Bitcoins which is currently around $200,000 .Vanuatu is a member of the Commonwealth of Nations, its citizens are allowed to travel in 113 countries, including European Union (EU) states,Russia, and Great Britain, without a visa.This privilege will also be given to foreigners who have
acquired Vanuatuan citizenship. This is the first government to accept bitcoins for a citizenship.

article source :- https://cointelegraph.com/news/you-can-buy-vanuatu-citizenship-with-bitcoin-43-btc-worth-today

Great news, and some of bitcoin rich people can get their passport so they enlarge their life standards by visiting all the countires without visa, at least UK and European ones.

It's only 44 BTC which I never had before.

Vaultbank.io

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This is a great sign for bitcoin and all cryptocurrencies. Hopefully they release information about how successful the program is over the next few months.

mobnepal

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In our country bitcoin is still treated as some illegal items like drugs, weapons etc while some government is conducting research on possible use of blockchain tech in existing systems to make it better. And now Vanuatu government accepting bitcoin for Citizenship, thats quite a big slap to governments of countries like ours.

Its great news for some of the early bitcoin investors. 43 Bitcoin is really huge money for people like us, LOL

alva 666

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government allow to use bitcoin for govern bills that so new and good news hope other countries to start support it legailly

countryfree

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Your country may be your worst enemy

Quote from: Kprawn on October 11, 2017, 10:47:42 AM

Quote from: RodeoX on October 11, 2017, 10:21:56 AM

I'm considering this offer. Depending on tax liability it could be a good deal. Huh

Do you get dual citizenship for your country of origin and for citizenship to their island? I hope you do not have to give up your

citizenship of your country of origin to get their citizenship? What happens if you get dual citizenship and you want to travel to

the 113 countries, but your country of origin are not eligible to visit these countries? Huh

It depends if your country of origin accepts dual citizenship, but only a few don't. When you travel, you keep your 2 passports in your pocket, and when entering a new country, you show the passport which grants you entry without a visa. You don't have to reveal that you have another citizenship which would require a visa to get in.

xFiber

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Interesting stuff. It's very interesting to see that they are accepting bitcoin for this kind of payment. Since it's not a small payment I see why they'd opt in to use bitcoin as a payment processor. However 200k is not something I would spend on a citizenship and absolutely not with bitcoin.

johnsmithx

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I don't buy nor sell anything here and never will.

Quote from: Tszunami98 on October 11, 2017, 09:39:03 AM

43 bitcoins can worth a lot by the end of the next year and you could find yourself paying the same ammount for Vanuatu citizenship as it is for uk or germany.

Leaving your absolutely nonsense remark regarding "buying" uk or germany citizenships aside (you really have no clue whatsoever what you are talking about), apparently nobody here bothered to read the actual article, let alone the article this article referred to. Of course the price is not "43Bitcoins which is currently around $200,000" as the OP falsely claims but "one-time payment of $200,000 – or its cryptocurrency equivalent".

$200k for a citizenship is not a lot but there are multiple significantly cheaper alternatives, although Vanuatu's visa-free travel to Russia is rather unique.

jtipt

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Quote from: sozvdhua on October 11, 2017, 09:28:58 AM

Personally, I think the impact of this area is too small, not the fate of bitcoin, but some people also choose to use bitcoin, indicating bitcoin is promising, come on.

Uh, yeah the impact isn't going to to big but its atleast something new and we can see that BTC is being headed in a direction when it wouldn't be considered weird or odd for using BTC where any fiat is used.
About this I doubt that this option of paying for citizenship of that country by btc will even be used by someone, but nonetheless it's a good thing for BTC.

Persiville

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Quote from: NeuroticFish on October 11, 2017, 10:52:10 AM

This is more an advertising for Vanuatu and their citizenship than a news about Bitcoin. However, it's interesting.
Though.. if I'd have 43BTC I'd sure have other priorities on spending them.

Yeah i guess its a bit too much, and if it were the case i would rather choose to save that amount or even spend it to somewhere better according to you. It doesn't also mean that they are only receiving bitcoins for the payment right? And if someday i would be that totally rich and it comes to the point where i need to decide to such things i will use fiat instead. Bitcoin for me is a good investment rather than being spent or used as a day to day currency.

RodeoX

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The revolution will be monetized!

Quote from: Kprawn on October 11, 2017, 10:47:42 AM

Quote from: RodeoX on October 11, 2017, 10:21:56 AM

I'm considering this offer. Depending on tax liability it could be a good deal. Huh

Do you get dual citizenship for your country of origin and for citizenship to their island? I hope you do not have to give up your

citizenship of your country of origin to get their citizenship? What happens if you get dual citizenship and you want to travel to

the 113 countries, but your country of origin are not eligible to visit these countries? Huh

I don't know? Those are good questions to ask. I would not give up my U.S. citizenship but dual citizenship is worth looking at. I suppose it could all go wrong when Vanuatu declares war on another island and I'm drafted into the army. lol

Svelto

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This is a cool news, it is a first time I heard about a country accepting Bitcoin for its citizenship. As time goes by, the county might be safe heaven for crypto since it is attracting Bitcoin holders as its citizens.

trk

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I will use that chance if I am a millionaire
Having Vanuatu visa will help me spend my money on vacation LOL

NeuroticFish

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This is more an advertising for Vanuatu and their citizenship than a news about Bitcoin. However, it's interesting.
Though.. if I'd have 43BTC I'd sure have other priorities on spending them.

Kprawn

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Quote from: RodeoX on October 11, 2017, 10:21:56 AM

I'm considering this offer. Depending on tax liability it could be a good deal. Huh

Do you get dual citizenship for your country of origin and for citizenship to their island? I hope you do not have to give up your

citizenship of your country of origin to get their citizenship? What happens if you get dual citizenship and you want to travel to

the 113 countries, but your country of origin are not eligible to visit these countries? Huh

Titanos

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Activity: 208

Merit: 100

It's a good news but i don't think many people will be interested. 43 Bitcoin is a big amount to spend for useless papers.

Booowaaap

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Verygood idea! i hope much

RodeoX

legendary

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The revolution will be monetized!

I'm considering this offer. Depending on tax liability it could be a good deal. Huh

Tszunami98

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I personally think it is a good deal, even tho i think paying woth fiat would be better...43 bitcoins can worth a lot by the end of the next year and you could find yourself paying the same ammount for Vanuatu citizenship as it is for uk or germany.

monkeydominicorobin

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: yishak on October 11, 2017, 09:22:22 AM

The government of the Pacific island nation of Vanuatu has said that it has started accepting bitcoin for its citizenship program.Now foreginers can have Vanuatuan Citizenship by paying 43Bitcoins which is currently around $200,000 .Vanuatu is a member of the Commonwealth of Nations, its citizens are allowed to travel in 113 countries, including European Union (EU) states,Russia, and Great Britain, without a visa.This privilege will also be given to foreigners who have
acquired Vanuatuan citizenship. This is the first government to accept bitcoins for a citizenship.

article source :- https://cointelegraph.com/news/you-can-buy-vanuatu-citizenship-with-bitcoin-43-btc-worth-today

Bitcoin was built to ignore boundaries and teritories like the island of Vanuatu. It is quite strange to acquire Bitcoins just to add another citizen into your nation. Very strange indeed.

crypthomonkey

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Activity: 434

Merit: 10

Huh. Awesome news)) I wonder what will happen next?
The amount is rather big, most likely soon this place will become a popular offshore for the rich Grin

Topic: Paying for citizenship using Bitcoins! - page 2. (Read 756 times)