Vanuatu offers citizenship for 44 BTC

A Pacific island nation, the Republic of Vanuatu, is now accepting Bitcoins for citizenship and passports
10 October 2017   1265

A Pacific island nation, the Republic of Vanuatu, officially offers the opportunity to become a citizen of the country (during its citizenship-by-investment program) in less than 44 Bitcoins ($200,000).

Vanuatu Information Centre
an image from Vanuatu Information Centre

According to the press release,the Vanuatu Information Center is authorized by the government to process applications.

Thus, through the citizenship-by-investment program, approved applicants paying the $280,000 fee receive citizenship as well as Vanuatu passports for themselves and up to three members of their immediate family.

Geoffrey Bond, Member of Parliament Hon. Andrew Solomon Napuat, confirmed that the Vanuatu government supports the move to receive payments in Bitcoin. The man detailed that “all Bitcoin transactions will be run through the partner’s Australian Exchange and meet with the normal compliance requirements imposed by the Australian Financial Regulator.”

Yet, Vanuatu is not the only country to offer a citizenship-by-investment service. Its competitors in this field include Turkey, Malta, Cyprus, Dominica, St. Lucia, Antigua and Barbuda, St. Kitts and Nevis, and Grenada.

Lightning Network Wallet by Breez to be Out For iOs

Solution is based on the lightweight client called Neutrino and it wallet supports Submarine Swaps technology
18 June 2019   202

The Breez payment platform introduced a non-custodial wallet for iPhone that supports the Lightning Network protocol.

The basis of the new product is a lightweight client Neutrino. It is also known that the wallet supports Submarine Swaps technology, which makes it possible to conduct transactions between online addresses and the Lightning Network.

The company's blog says that immediately after installation, the application automatically connects the channel to the so-called Breez hub connected to other Lightning nodes, which allows the user to conduct transactions with any participants in the second-level network. In addition, according to the founder of the company, Ron Scheinfeld, the possibility of a refund is provided in the event of challenging purchases.

In a Lightning economy, people trade money for goods and services. Intermediaries — banks, credit cards, online payment processors, and custodians of any kind — are obsolete. All that remains are the people, trading with each other anywhere, anytime, free to do what each of them thinks is best with their own money. Scale is no longer a concern. Transactions are virtually instantaneous and practically free. The people are free too. Finally.
 

Roy Sheinfeld
Co-Founder and CEO, Breez

The company also noted that within only two months after the release of the version for Android, Breez benefited from "hundreds of users." Currently, the wallet is in beta.

On the eve of the release of the iOS application, the startup managed to attract $ 500,000 from Recruit Strategic Partners and Fulgur Ventures. The funds will be used to develop an application for merchants, allowing them to accept Lightning-payments.