El Salvador's 'Freedom Visa' is running out

El Salvador's National Bitcoin Office said its $1 million 'Freedom Visa' program has received hundreds of applications since its launch on December 7 and expects it to be completely sold out before the end of this year.

El Salvador's National Bitcoin Office (ONBTC) has received hundreds of inquiries and dozens of applications both online and through embassies, a spokesperson told Cointelegraph via email.

“Based on the current level of interest, we expect the program to sell out by the end of the year.”

The Freedom Visa program, launched by the El Salvador government in partnership with the stablecoin company Tether on December 7, aims to open the path to citizenship by granting residence to a thousand people who donate $1 million worth of Bitcoin or Tether to the country.