CitizenX Partners with El Salvador to Offer Freedom Passports for Bitcoin
ZUG, CH / ACCESS Newswire / May 23, 2025 / CitizenX announces its official partnership with the Government of El Salvador as a licensed processor for the groundbreaking Adopting El Salvador Program - the world's fastest citizenship initiative, offering a fast track to the Salvadoran passport in under 6 weeks in exchange of a $1m donation in Bitcoin or USDt.
This pioneering partnership builds on El Salvador's bold vision as the first nation to adopt Bitcoin as legal tender, creating a seamless pathway for new citizens to join the country's economic renaissance through a Bitcoin-native citizenship program.
'We've been watching El Salvador's remarkable journey toward becoming a freedom haven with great enthusiasm,' said Katie Ananina, CMO of CitizenX. 'President Bukele is for freedom, and is inviting entrepreneurs and investors to join El Salvador - an offer they'd be well-advised to take up.'
The Freedom Passport program represents a new approach to sovereign financing, allowing El Salvador to connect directly with new citizens who believe in the country's future. Rather than simply maximizing revenue, the program's $1 million capital requirement positions El Salvador as a destination for committed individuals and families who want to participate in the nation's long-term success.
Through the CitizenX secure and private platform, applicants can navigate the process with unprecedented efficiency. The program features:
Required documentation includes standard identification (passport, driver's license), proof of address, birth certificate, police clearance certificate, and proof of funds and more.
'The Freedom Passport attracts entrepreneurs and investors who believe in and want to be part of the long-term success of the nation, and are willing to put their capital where their mouth is.' said Alex Recouso, CEO of CitizenX. 'IMO El Salvador kick-started a movement where countries can finance themselves directly from citizens, using Bitcoin.'
The partnership combines El Salvador's visionary approach to citizenship with CitizenX expertise in Bitcoin citizenship solutions, creating an unparalleled opportunity for high-net-worth individuals and families seeking both practical benefits and meaningful participation in a growing nation.
For more information about the Freedom Passport program and application details, visit citizenx.com/el-salvador.
About CitizenX
CitizenX is the leading provider of citizenship solutions, connecting high-net-worth individuals with innovative citizenship programs worldwide. With a focus on privacy and security, CitizenX combines Swiss engineering and 24/7 Concierge service to help you diversify your passport portfolio and secure a safe future for you and your loved ones.
About El Salvador's Freedom Visa Program
El Salvador's Freedom Visa Program represents the world's first Bitcoin passport initiative. The program conducts thorough due diligence practices, leverages Tether's technology and infrastructure for efficient payment processes while attracting investors committed to El Salvador's long-term prosperity.
Media Contact
Organization: CitizenX
Contact Person Name: Katie Ananina
Website: https://citizenx.com
Email: [email protected]
Contact Number: +141417111366
Address: c/o MJP Partners AG Bahnhofstrasse 20
City: Zug
State: Zug
Country: Switzerland
SOURCE: CitizenX
press release
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
3 Crypto-Centric Stocks to Grab Before the Next Bitcoin Rally
The cryptocurrency market has been giving up gains lately, with Bitcoin (BTC) pulling back sharply after hitting a new all-time high last week. Several macro concerns, including uncertainty over a rate cut in September, have been denting investors' sentiment. However, the decline is temporary, and the cryptocurrency is poised to resume its northbound journey, given that it has already had a great year so far and a rate cut in the coming months is expected to give it a further push. It would thus be an ideal time to invest in crypto-focused stocks. We have selected three stocks, namely PayPal Holdings PYPL, Interactive Brokers Group IBKR and Robinhood Markets, Inc. HOOD. Each of these stocks has strong growth potential for 2025 and has seen positive earnings estimate revisions in the past 90 days. Bitcoin Retreats But Has More Room to Grow Bitcoin has declined 5% over the past week and was trading at $113,772.65 on Wednesday morning after hitting an all-time high of $124.496, its fourth record high this year. The high came following the release of the consumer price index (CPI) report. CPI for July rose less than expected, raising hopes that the Federal Reserve would go for a rate cut in September. However, the euphoria was short-lived after higher-than-expected wholesale inflation data raised fresh doubts over a September rate cut. Investor sentiment was further dented after Treasury Secretary Scott Bessent said last week that President Donald Trump's strategic bitcoin reserve, which was created in March, would only consist of bitcoin seized by the federal government, while officials look into 'budget-neutral pathways to acquire more Bitcoin.' However, experts believe that the decline in Bitcoin is temporary and once these macro concerns ease, the cryptocurrency will resume its rally. Although the Federal Reserve hasn't suggested any timeline for the next rate cut, markets are pricing in an 85% chance of a 25-basis-point rate cut in September, according to the CME FedWatch Tool. 3 Bitcoin-Centric Stocks With Upside PayPal Holdings PayPal Holdings provides digital wallet services that enable users to purchase, transfer and sell various cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Through PYPL, users can use cryptocurrencies to pay for goods and services from online merchants. Additionally, PayPal's mobile wallet platform, Venmo, allows users to engage in cryptocurrency buying and selling activities. PayPal Holdings' expected earnings growth rate for the current year is 10.8%.The Zacks Consensus Estimate for current-year earnings has improved 2.6% over the last 60 days. PYPL currently has a Zacks Rank #2 (Buy). Robinhood Markets Robinhood Markets, Inc. operates a financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds, options, gold and cryptocurrencies. HOOD buys and sells Bitcoin, Ethereum, Dogecoin and other cryptocurrencies using its Robinhood Crypto platform. Robinhood Markets' expected earnings growth rate for the current year is 39.5%.The Zacks Consensus Estimate for current-year earnings has improved 23.6% over the past 60 days. HOOD currently has a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Interactive Brokers Group, Inc. Interactive Brokers Group is a global automated electronic broker. IBKR executes, processes and trades in cryptocurrencies. IBKR's commodities futures trading desk also offers customers a chance to trade cryptocurrency futures. Interactive Brokers Group has an expected earnings growth rate of 11.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 11.4% over the last 60 days. IBKR currently has a Zacks Rank #1. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Inicia sesión para acceder a tu portafolio
Yahoo
21 minutes ago
- Yahoo
PayPal, Mesh jump into crypto conversion
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. The proliferation of digital currencies presents their users an important task: How to convert one to another and into stablecoins. Mesh, a startup building a digital assets payments network, joins a field of firms offering a solution. PayPal Holdings is using Mesh's technology to power a new pay-with-crypto conversion tool to connect dozens of cryptocurrencies and stablecoins for shoppers and merchants. The capability will be rolled out in the U.S. in time for the 2025 holiday shopping season, a PayPal spokesperson said Wednesday in an email. PayPal and Mesh, a startup in which PayPal's venture arm has invested, touting savings for merchants below current international credit card conversion costs, in a July 28 press release announcing the new tool. 'You need to bridge the gap between what users have and what the merchant's supposed to receive,' Mesh CEO Bam Azizi said in an Aug. 13 interview. The technology allows merchants to accept more than eight dozen flavors of crypto for payment, converting them into fiat. In the future, PayPal said it will let merchants settle with its PYUSD stablecoin, launched two years ago. Stablecoins 'are not made equal,' Azizi said. 'So if you have USDC and the merchant wants USDT, you still need to convert it as an end user. That's not the most optimal way for users to pay for things.' (USDC is Circle Internet Group's stablecoin while Tether issues USDT.) For example, if numerous customers held Tether USDT and a seller wants another stablecoin, 'they just simply click and pay, and we abstract all the complexity' of the transaction for a shopper and the conversion for a merchant, Azizi explained. Stablecoins are typically pegged to a fiat currency such as the euro or U.S. dollar, making their value more stable than other digital assets like Bitcoin that frequently surge and decline. San Francisco-based Mesh is building a payments network to connect crypto exchanges, digital wallets and financial services platforms to simplify digital currency payments and conversions. The company has about 100 employees. 'Don't forget that we have 650 million crypto owners (globally) and they have all sorts of assets, whether it's NFT (non-fungible tokens) or tokenized real estate or collectibles or Bitcoin, Ethereum – you cannot ignore that population,' Azizi said. 'They're not going anywhere.' The U.S. Genius Act, signed into law last month, has triggered a corporate race towards stablecoins and lofty IPO valuations for stablecoin companies such as Circle and Bullish. Companies from Amazon to Bank of America, Expedia Group and Walmart are mulling whether to issue stablecoins. President Donald Trump's election last year, along with the rise of a contingent of Congress members receptive to the cryptocurrency industry, has given the industry new momentum after years of chafing under strict crypto regulation by the Biden administration. As stablecoins enter the financial mainstream, Azizi sees a future in which they dominate digital payments while their more volatile crypto cousins — such as Bitcoin, Dogecoin and Shiba Inu — remain largely the domain of investors. 'The killer app for stablecoin is going to be payment, whether it's cross border payment, B2B payment or [a] payout,' said Azizi, who co-founded Mesh five years ago. The company said last week it has raised about $130 million, including from PayPal Ventures, Coinbase Ventures and Kingsway Capital. The creation of more on-and-off ramps for crypto-fiat conversion will also further stablecoin adoption, he said. Mesh faces competition from companies such as Bastion, Binance, Stripe-owned Bridge and Coinbase to provide crypto users pathways for exchanging coins and fiat. 'Stablecoin is going to be what crypto wanted to be, what Bitcoin wanted to be: Peer-to-peer payment without any centralized authority sitting in the middle,' Azizi said. 'Stablecoin has all the beauty, all the upside of crypto and blockchain networks, and none of the downside. It's not volatile. Some people might like volatility for investment reasons … but it's not the best way to pay.' Recommended Reading What role do stablecoins play in the payments industry? Sign in to access your portfolio
Yahoo
21 minutes ago
- Yahoo
One of the Best Cryptocurrencies to Buy With $100 Right Now
Key Points A pro-crypto U.S. government is boosting the broader cryptocurrency market. Developers are upgrading the Ethereum network to protect its blockchain leadership. A combination of tailwinds bodes well for Ethereum's price. 10 stocks we like better than Ethereum › Cryptocurrencies are a relatively new asset class, but they are here and rapidly expanding. To date, there are more than 15 million cryptocurrencies, giving investors virtually endless choices. But given how risky and volatile crypto is as a whole, it may be wise to keep things simple. Ethereum (CRYPTO: ETH) has been around for a decade and is the world's second-largest cryptocurrency by market value. Ether, the native token for the Ethereum network, has been on a tear lately; its market price has almost tripled since April, and it's beginning to approach its all-time high, set back in 2021 at the peak of a previous crypto bull market. But things have changed since 2021, and the coin's recent rally may have some serious legs. Here are three reasons why it's one of the best cryptocurrencies you can invest $100 in right now. 1. Regulatory tailwinds To start, look no further than the regulatory tides lifting all the cryptocurrency boats. The Trump administration has been a tremendous ally to the cryptocurrency industry by: Peeling back regulatory scrutiny and litigation against companies in the industry. Planning to establish a federal Bitcoin reserve and digital asset stockpile via executive order. Helping to pass the Genius Act, which is aimed at establishing clearer regulatory frameworks for digital currencies and their real-world applications. These moves are a step toward making cryptocurrencies a mainstream asset. 2. Institutional money flowing in Institutional interest is gaining steam as the regulatory climate thaws. Corporations, banks, and investment funds have substantial buying power. The U.S. Securities and Exchange Commission approved the creation of spot Ether exchange-traded funds (ETFs) last summer. These ETFs hold Ether on behalf of the fund's investors, giving people a simple way to invest without having actual custody of the tokens. That means no need to fuss with wallets or seed phrases. Since then, more $12 billion has flowed into U.S. spot Ether ETFs. Additionally, President Donald Trump recently signed an executive order that would pave the way for retirement accounts like 401(k)s to have access to alternative assets, such as cryptocurrencies. With time, this could spark further interest in Ether and other cryptocurrencies. There are more than $40 trillion in total U.S. retirement assets, and even a tiny fraction of that going into digital assets could mean a massive inflow of funds. 3. The Ethereum network is evolving Smart contracts could eventually play a significant role in society. A smart contract is a digitally coded agreement that automatically executes an action under the specified conditions. A blockchain is a decentralized and secure ledger system, an ideal avenue for smart contracts. The Ethereum blockchain is currently the largest, by a wide margin, based on its total locked value, with more than $121 billion in smart contracts. The next closest are Tron and Solana, with just over $8 billion and $6 billion, respectively. To stay on top, the Ethereum network has a roadmap for upgrades. Previously, the Merge transitioned Ethereum from a proof-of-work system to a proof-of-stake system. This reduced the network's energy consumption, improved its security, and set the stage for several planned upgrades. Those upgrades include the Verge, Purge, and Splurge, which will make the network more efficient, lower transaction fees, and enhance scalability, enabling nodes to run on smaller hardware devices, such as smartphones. While there is competition from other blockchains, and Ethereum isn't the best at everything, its current size and continuous improvements bode well for its future as a pillar of the digital economy. Ether's price outlook looks promising It's anyone's guess how high Ether's price will go, and it's bound to be volatile. That said, Ethereum looks like a strong buy for long-term investors. The token's price still hasn't cleared its all-time high from back in 2021, something Bitcoin did at the beginning of last year. Additionally, its fully diluted market value is still just a quarter of Bitcoin's. That doesn't mean that Ether is bound to catch Bitcoin, but Ethereum is the world's largest blockchain, and its valuation doesn't reflect that yet. Smart contracts could see increased adoption during the next several years as regulatory barriers fall, which, along with continued inflows from investors and institutions, could drive Ethereum's usage and Ether's price higher over time. Should you buy stock in Ethereum right now? Before you buy stock in Ethereum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ethereum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,466!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,633!* Now, it's worth noting Stock Advisor's total average return is 1,077% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Solana. The Motley Fool has a disclosure policy. One of the Best Cryptocurrencies to Buy With $100 Right Now was originally published by The Motley Fool
