Thu. Aug 18th, 2022

visa

Visa on Wednesday is linking its payments network of 60 million merchants to the U.S. dollar coin (USDC) digital currency developed by Circle Internet Financial on the Ethereum blockchain, according to Forbes.

  • While Visa itself won’t custody any USDC, Circle will be working with Visa to help select Visa credit card issuers start integrating the USDC software into their platforms and send and receive USDC payments.
  • Eventually, Visa will support the issuance of a credit card that lets businesses send and receive USDC payments directly from any business using the card. 
  • Circle spokesperson Josh Hawkins confirmed the move via email, saying the companies were targeting a 2021 launch.
  • The companies will issue a corporate card that would let users spend USDC at vendors who accept Visa’s cards.

This story is developing and will be updated when more information is available.

Read more: USDC Stablecoin Issuer Centre Hires Wall Street Veteran

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a circuit board: BlockFi


© BlockFi
BlockFi

  • Visa will launch a credit card that rewards users in Bitcoin, instead of the traditional cash, or airline miles, in early 2021.
  • The card comes at an annual fee of $200.
  • Users will receive 1.5% of their purchases back in Bitcoin and a bonus of $250 in the world’s most popular digital currency after spending $3,000 or more within the first three months. 
  • Cryptocurrency startup BlockFi, Visa’s card partner, said it “offers an easy entry point, enabling consumers to accrue bitcoin through everyday spending.”
  • Visit Business Insider’s homepage for more stories.

Visa is releasing a new credit card that will offer cashback rewards to customers in Bitcoin in early 2021.

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The payments company has partnered with cryptocurrency startup BlockFi for its “Bitcoin Rewards Visa Credit Card,” which comes at an annual fee of $200. Users will receive 1.5% of their purchases back in the form

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There were executive orders. Presidential proclamations. New rules and regulations. Policy memos. New agency guidance.



Keketso Semoko et al. standing in front of a crowd: David Reyna hugs his mother, Tina Chavez, originally from Mexico, as she participates in the Fiesta of Independence Naturalization Ceremony at South Mountain Community College in Phoenix on July 4, 2018.


© Carolyn Van Houten/The Washington Post
David Reyna hugs his mother, Tina Chavez, originally from Mexico, as she participates in the Fiesta of Independence Naturalization Ceremony at South Mountain Community College in Phoenix on July 4, 2018.

Immigration experts say that in his four years in office, President Trump fundamentally altered the system through which foreign nationals can obtain visas to come to the United States, much of it through policy memos and internal guidance and without the blessing of Congress. It was a cascade of tiny cuts — and the result, in part, was fewer visas issued.

Immigrant visa issuance decreased more than 17 percent from fiscal 2016 to fiscal 2019, when the government issued 462,422, according to State Department data. In the fiscal year that ended Sept. 30, immigrant visa issuance fell

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The Bay Area Council, Stanford University and a host of other business and educational groups scored a legal victory over the administration of President Donald Trump on Tuesday, with a federal judge tossing out new rules for the H-1B visa.

“This is a major win for our economy and for our ability to recover from the worst downturn in generations,” Bay Area Council CEO Jim Wunderman said in a statement. “H-1B workers fill an important need in our economy and provide immense benefits not only to the companies they work for but the communities where they live. Many of the leading and fastest-growing technology companies in the Bay Area have been founded by entrepreneurs from other countries who first came here on visas.”

The rules issued in October by the federal departments of Labor and Homeland Security had imposed a one-year limit on placement of H-1B workers at third-party firms,

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A federal judge has ruled that a controversial work-permit program for foreign students will survive a challenge from a union representing U.S. technology workers that wanted it killed.

A who’s who of Bay Area tech giants including Google, Apple, Facebook, Uber, Tesla, HP, Oracle and Salesforce had joined the fight, seeking to protect the Optional Practical Training program — which is often used as a path to an H-1B visa. In a court filing last year, they argued that the program, which gives foreign students and graduates up to three years to live and work in the U.S., expands job opportunities for American workers by spurring economic activity.

The Washington Alliance of Technology Workers sued the U.S. Department of Homeland Security in 2014. It claimed the agency used the OPT program to get around the numerical cap on H-1B visas, which are intended for jobs requiring specialized skills, and that

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London: The UK’s new post-Brexit points-based visa and immigration system, described by the government as simple, effective and flexible , opened for applications from Tuesday. Also Read – Brexit: New Split on State Aid Further Derails Negotiations Between Britain, European Union

The UK Home Office said applicants for the new Skilled Worker Visa can now apply to work and live in the UK from January 1, 2021, when the Brexit transition period ends to bring European Union (EU) migrants in line with non-EU countries, such as India. Also Read – Scotland, Wales Worry as UK Plans to Withhold State Aid After Brexit Transition

Under the new points-based immigration system unveiled earlier, points will be awarded for a job offer at the appropriate skill level, knowledge of English and being paid a minimum salary. Also Read – Brexit: ‘Wish to Establish Ambitious Ties With UK But Need to Iron Out Details,’

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Visa Inc. V recently introduced an accelerator program in an effort to provide startups with the opportunity to establish presence across newer markets after successfully launching their solutions in the home markets. The program usually runs for a time period of four to six months.

This time around, Visa has invited several startups across Asia Pacific to participate in the Visa Accelerator program, out of which the company will select a maximum of six elite startups. The selected startups will work closely with Visa and even get access to its broad network of bank and merchant partners in Asia Pacific. This, in turn, is likely to provide the selected startups not only the opportunity of global expansion but also access to diverse customer groups.

Through this accelerator program, Visa aims to work with startups, which intend to leverage numerous financial and technological opportunities prevailing in Asia Pacific. The emphasis of

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The UK’s new points-based immigration system went live on Tuesday under which the European Union (EU) and non-EU citizens, like Indians, will be treated equally. The government has said that the new visa system is aimed at attracting the “brightest and the best” around the world and cutting down on cheap, low-skilled labour.

There are several routes available for people to get the UK visa, including skilled worker route, global talent route, graduate route, and intra-company transfer, among others. Although the applications under the new system are now open, people on the new skilled worker visa will be able to live and work in the United Kingdom from January 1, 2021, when the Brexit transition period ends.

UK home secretary Priti Patel said that the government has delivered on the promise to end free movement, take back control of the country’s borders and introduce a new points-based immigration system. “Today,

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Today in B2B payments, Visa teams up with Razorpay to debut a small business commercial card solution, while Nets is working with Yoba Smart Money to develop small business payment tools. Plus, Australia mulls mandatory eInvoicing, and Emirates NBD launches an omnichannel corporate banking offering.

Razorpay, Visa Team for SMB Corporate Cards

Razorpay Co-founder and CEO Harshil Mathur said the company is working with Visa on a new corporate card, according to YourStory. The goal of the partnership is to provide “relief and stability” for small to medium-sized business (SMB) owners, the companies said in the post. Harshil said the new card, called the RazorpayX Corporate Card, is intended to help with credit, which he called “one of the biggest requirements for businesses today.”

Yoba Smart Money, Nets Partner on SMB Payments

Tech company Yoba Smart Money is working with Nets, a European

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