The H-1B is a non-immigrant United States visa for specialized workers, including areas such as IT, engineering, architecture, medicine and others – fields that normally require a degree. The Trump administration on Tuesday announced new changes to the program of the H-1B visa, touting the move as a means of protecting American wages and cracking down on market abuse. According to Fox News, citing the Department of Labor, the new rule will change the way the so-called ‘prevailing wage’ is formed with regard to workers in specialized fields, commonly resulting in making employers pay higher salaries. The move aims at making sure […]
Visa
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A growing force in the crypto space, Visa says it’s getting more and more industry firms interested in payments partnerships. Source link
The Chamber of Digital Commerce, a blockchain advocacy group based in Washington, D.C., announced Wednesday that former acting White House chief of staff Mick Mulvaney has joined the group’s board of advisors. In a press statement emailed to CoinDesk, the blockchain advocacy group also said Visa, Goldman Sachs and Six Digital Exchange (SDX) have joined the group as executive committee members. Source link
Last month, Bitcoin Lightning startup Strike announced it would be working with the world payment giant Visa. Now, another startup in the same vein, LastBit, which just launched its app in beta, will be going through the same Visa Fast Track program. This partnership will eventually make it possible for users to pay for items priced in U.S. dollars – but using bitcoin (BTC). LastBit founder Prashanth Balasubramanian told CoinDesk the company will also be releasing an app that works with euros in “a few weeks.” Read more: Lightning Startup Zap Raised $3.5M for Bitcoin App Ahead of Visa Deal Using […]
Hailing digital currency’s potential to democratize electronic payments, financial services giant Visa appeared on Wednesday to redouble its efforts to “shape and support” cryptocurrency’s place in the “future of money.” Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Lightning startup Zap Inc., maker of both the namesake, non-custodial bitcoin wallet and the payments app Strike, raised its first round in April, led by Green Oaks Capital and including veteran bitcoin investor Anthony Pompliano. The funding was first reported by Forbes on Wednesday. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202007071079822655-us-issues-visa-restrictions-on-chinese-officials-over-tibetan-access/ The US Department of State announced on Tuesday it had imposed visa restrictions on Chinese officials deemed to be responsible for Beijing’s policies controlling foreigners’ access to the Tibet Autonomous Region. “Beijing has continued systematically to obstruct travel to the Tibetan Autonomous Region (TAR) and other Tibetan areas by US diplomats and other officials, journalists, and tourists, while PRC [People’s Republic of China] officials and other citizens enjoy far greater access to the United States,” Secretary of State Mike Pompeo said in the statement. “Therefore, today I am announcing visa restrictions on PRC government […]
The world’s largest payment network is looking for an Ethereum developer to help work on a new blockchain-based application. Source link
Lightning developer and Zap, Inc. founder Jack Mallers announced Thursday his startup’s Strike product, which allows people to receive bitcoin as dollars via direct bank deposits, is finally entering public beta. A Visa card is also in the works. “Zap, Inc. has joined Visa’s Fast Track program,” Mallers said in an email about the startup’s plan for 2020. “Visa works with members of the Fast Track program to help them go to market in the most efficient way possible, providing them support and resources every step of the way.” He said his primary focus this year is launching a Strike card […]
https://cdn1.img.sputniknews.com/img/107700/50/1077005052_0:160:3072:1888_1200x675_80_0_0_9b625ecec819071ff959e7bf37eae332.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202006271079733464-chinese-embassy-calls-on-us-to-lift-visa-restrictions-imposed-over-situation-in-hong-kong/ MOSCOW (Sputnik) – The Chinese Embassy in the United States called on Washington on Saturday to lift the newly introduced visa restrictions for Chinese officials over the situation in Hong Kong. “We urge the US side to immediately correct its mistakes, withdraw the decisions, and stop interfering in China’s domestic affairs. The Chinese side will continue to take strong measures to uphold national sovereignty, security, and development interests”, the embassy said in a statement. The diplomatic mission stressed that Hong Kong’s matters are China’s internal affairs and, therefore, are not subject to any external […]
US President Donald Trump has signed an executive order putting new restrictions on foreign work visas until the end of 2020, a move the administration said is needed as the economy suffers in the wake of Covid-19 lockdowns. Signed on Monday evening, the order freezes several types of work visas – including the H1B for highly skilled workers – which the White House says will keep some 500,000 American jobs from going to foreign employees, part of what it deemed an “America-first recovery.” “American workers compete against foreign nationals for jobs in every sector of our economy, including against millions of aliens […]
A Chinese researcher and officer in the People’s Liberation Army (PLA) was arrested at Los Angeles International Airport (LAX) on Sunday after US agents discovered that the individual “intentionally made false statements about his military service in his visa application.” Chinese national Xin Wang, who entered the US on March 26, 2019, via a multiple entry J1 non-immigrant visa, has been charged with the crime of visa fraud, according to a recently unsealed criminal complaint filed on Monday in the US District Court for the Northern District of California. The court filing detailed that Wang obtained his visa on December 17, […]
Crypto.com said Friday it has begun shipping its crypto-to-fiat card, the MCO Visa, across the European Union. In total, 31 European countries, including the EU’s 27 member states, now have access to the card that lets users pay in crypto, it said in a blog post. The Hong Kong company received approval to bring the program to the European market in October. MCO Visa was previously only available in the U.S. and Asia. Crypto.com also announced Thursday its U.S. cardholders could begin integrating with Apple and Google Pay. The card works by exchanging users’ crypto for local fiat when the user […]
Visa looks to be laying the groundwork for a future in which fiat currencies, like the U.S. dollar, could be easily turned into a central bank digital currency (CBDC). The California-based payments giant, which processes upwards of 100 million transactions every day on average, has filed a patent application for a process for turning physical fiat currency into a newly digitized version. The filing, which was filed with the U.S. Patent and Trademark Office in November and made public on Thursday, says the system would be able to mint new digital fiat currency and keep a tally of all issuances on […]