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El Salvador has introduced a new visa program that offers citizenship to those who invest $1 million in bitcoin (btc) or Tether (USDT). This move further cements El Salvador's position as the most cryptocurrency-friendly nation.
The Freedom Visa is the first of its kind and offers citizenship based on cryptocurrency investments. While some governments, such as the United States, offer citizenship in exchange for significant investments in business or real estate, El Salvador is the first to grant citizenship based on the size of the applicant's cryptocurrency investment.
Meanwhile, analysts are bullish on Kava (KAVA) and InQubeta (QUBE). In 2023, KAVA prices grew by 67%, while QUBE prices increased by 175%.
InQubeta pre-sale has already raised $7.9 million ahead of stage 7.
Exploring InQubeta
InQubeta provides a much-needed solution for those without access to mainstream investment avenues: a secure alternative channel for artificial intelligence (ai) investments.
Traditional investment firms often have geographic or income limitations that prevent a large segment of the world's population from using their services, but InQubeta avoids these problems.
InQubeta's ethereum-enabled ecosystem will allow everyone who wants to be part of the ai revolution to partner with powerful and vetted ai startups.
ai is one of the fastest growing industries as investments in the space increase exponentially.
Currently, more than $120 billion is invested in ai. That figure will exceed $1.5 trillion in the coming years. This sets companies like InQubeta up for further growth.
QUBE is trading at $0.01925 at the current pre-sale stage.
This is what the investment process on the InQubeta blockchain looks like:
- ai startups that are deemed eligible to raise funds in the ecosystem create NFTs that serve as investment opportunities.
- NFTs are fractionated and priced so investors can research their creators and learn more about them.
- Investors purchase QUBE with their debit/credit card or cryptocurrency wallets and use it to purchase NFTs.
- Investors can resell any of these assets on the nft market whenever they want.
Kava may recover in 2024
Kava added 15% in December 2023.
Kava is a layer one blockchain that aims to combine the developer power of ethereum with the interoperability and speed of the Cosmos network.
The project focuses more on decentralized finance, which may support prices in 2024.
El Salvador's Freedom Visa
El Salvador is officially the first country to exchange citizenship for investments in bitcoin and USDT, which could lead the nation to gain a thousand new citizens with lots of money.
The Central American nation's citizenship price is much higher than some of its neighbors, which have citizenship programs with prices as low as $100,000.
The new visa program could raise $1 billion for El Salvador if all allocated slots are filled. The program has amassed more than $153 million so far.
Summary
btc, QUBE and KAVA are being monitored. Still, investors are doubling down on QUBE in the ongoing InQubeta pre-sale.
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