Vanuatu became the First Nation to accept bitcoin as Payment for its Citizenship Program

Posted on:15 Oct 2017 14:02:53
Vanuatu became the First Nation to accept bitcoin as Payment for its Citizenship Program
15 October 2017 Current Affairs: Vanuatu, a South Pacific archipelago, has become the first nation to accept Bitcoins as payment for its 'investment citizenship' program.

A family of up to four can receive Vanuatu passports by paying the Bitcoin equivalent of $280,000 (₹1.8 crore).

Vanuatu citizenship allows individuals to reside on the island, and travel to over 100 countries without a visa.

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