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   1409

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.

Bitifinex to Cooperate With Bitrefill

Exchange's users will be able to purchase products from the Bitrefill catalog with help of Lightning Network
05 December 2019   145

The Bitfinex cryptocurrency exchange has entered into a partnership with the service of replenishing mobile accounts and gift certificates Bitrefill.

Using Lightning Network (LN) technology, Bitfinex users will be able to purchase products from the Bitrefill catalog, which includes more than 2,000 digital gift cards and options for replenishing mobile accounts.

As soon as the user pays for the goods using Bitcoin, Bitfinex and Bitrefill automatically settle through the LN network, which makes transactions cheaper and much faster.

Bitcoin’s use as a means of payment represents an important milestone in the inevitable journey towards mass adoption. This is why the Lightning Network is so important. As an exchange, Bitfinex is at the forefront of developing solutions utilizing this technology.
 

Paolo Ardoino

CTO, Bitfinex

On December 3, Bitfinex integrated payment support through the Lightning Network.