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China Rolls Out Its First Talent Visa as the US Retreats on H-1Bs
Gaming Gear

China Rolls Out Its First Talent Visa as the US Retreats on H-1Bs

by admin October 2, 2025


The bottom line is that, unlike the US, China is not a country of immigrants. In 2020, only about .1 percent of the mainland population was made up of foreigners, according to one estimate by researchers from the Kiel Institute for the World Economy. That’s roughly 1.4 million people in a country of more than 1.4 billion. In the United States, by contrast, 15 percent of the population is made up of immigrants. Even other East Asian nations, like Japan and South Korea, are home to far more foreigners than China in terms of their relative population size.

Because the US already has a large immigrant population from all over the world, it can be easier for new arrivals to adjust. Local companies operate in English, the language of global business. Colleagues and friends communicate through platforms like Gmail and Instagram, which are available in most parts of the world. And when it comes to creature comforts, H-1B recipients from India or China who land in San Francisco or New York will have no trouble finding restaurants (even good ones!) that serve food that tastes like home.

In China, however, newcomers must navigate a corporate landscape that operates largely in Chinese, a language few foreigners study in grade school or while pursuing a STEM degree. The country’s tech ecosystem is also totally unique. New arrivals face not only an unfamiliar language and culture, but also a suite of unfamiliar programs and apps, most notably WeChat.

Better Reputation

There are signs that more people might be willing to overcome these barriers to experience the benefits of living in China, a place now increasingly associated with high-speed trains, electric cars, and futuristic cities. In places like Greece, Spain, and Germany, the majority of people now view China as the world’s top economic power, according to the Pew Research Center. Africa, the continent with the world’s youngest and fastest-growing population, already sends more students to study in China each year than to the US or UK.

I’ve personally noticed that my American friends and family seem to have much more positive impressions of China than they did a few years ago. That might be in part due to the popularity of Chinese exports like TikTok, Temu, and Labubu. Several friends have even told me they specifically want to visit Chongqing, a Chinese megacity that didn’t attract many foreign tourists until videos of its skyline and hot pot restaurants went viral on Instagram and TikTok.

Whether this growing curiosity translates into people actually moving to China will depend in part on how the government handles programs like the new K visa. The policy lowers barriers for people who want to study or work there, but it has also stirred anxieties at home. For now, it’s unclear whether it will become a genuine gateway for new waves of international talent, or falter in the face of the same rising nationalist sentiments reshaping politics around the world.

This is an edition of Zeyi Yang and Louise Matsakis’ Made in China newsletter. Read previous newsletters here.



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October 2, 2025 0 comments
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Visa Stablecoins
GameFi Guides

Visa Pilots Stablecoins To Modernize Cross-Border Payments

by admin October 1, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Visa is launching a stablecoin prefunding pilot through Visa Direct, in a bid to make cross-border payments faster and more flexible.

Visa Direct Will Utilize Stablecoins For The First Time

Payments giant Visa has announced a new pilot program for Visa Direct, the firm’s real-time global payments platform. According to the announcement, which occurred at Sibos 2025, businesses will be able to prefund cross-border payments with stablecoins, cryptocurrencies pegged to a fiat currency.

Until now, Visa Direct users could only prefund their international payments using fiat. Such transactions were slow, sometimes taking days, forcing businesses to park their capital in advance. With the use of stablecoins, however, settlement can occur in minutes.

Chris Newkirk, President, Commercial & Money Movement Solutions at the company, said:

Cross-border payments have been stuck in outdated systems for far too long. Visa Direct’s new stablecoins integration lays the groundwork for money to move instantly across the world, giving businesses more choice in how they pay.

Pre-funding with these fiat-tied currencies works just like with fiat: Visa treats the tokens as “money in the bank.” Recipients, however, aren’t forced to get paid in stables; they can choose to receive in their local currency instead.

With the new pilot, businesses will have the advantage of having better access to capital, as they won’t have to park it up in advance for as long as with the current fiat system. As for who can use the Visa Direct pilot right now, the payment card services company has noted that it’s only open to select partners that meet the criteria. The firm expects the pilot to move into limited availability by April 2026.

Visa said in the press release:

By combining the scale and trust of Visa’s global network with the programmability of blockchain and by partnering with leading payment providers on prefunding use cases, Visa is helping modernize cross-border payments for businesses, financial institutions and consumers worldwide.

Visa isn’t the only financial institution that has made a move toward modernizing cross-border payments during Frankfurt’s Sibos 2025. Payments messaging platform SWIFT has also announced a shared ledger developed with 30+ major global banks based on the blockchain, the technology that powers digital assets like Bitcoin and stablecoins.

Bitcoin Has Retraced Some Of Its Recovery Over The Past Day

Bitcoin exceeded the $114,700 mark on Monday in what looked like the return of bullish momentum, but the rally seems to have already run out of steam as the cryptocurrency has returned to the $112,800 level.

The chart below shows how the coin’s recent performance has looked:

The trend in the BTC price over the last five days | Source: BTCUSDT on TradingView

One warning sign that may have already been there could be the sharp surge in the Open Interest that accompanied the price surge, as CryptoQuant community analyst Maartunn pointed out in an X post.

The data for 24-hour percentage change in the BTC Open Interest | Source: @JA_Maartun on X

A sudden large jump in speculative activity can often lead to volatility for Bitcoin, which may be what happened this time as well.

Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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October 1, 2025 0 comments
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Visa Pilot Lets Banks Use Stablecoins for Global Payouts
Crypto Trends

Visa Pilot Lets Banks Use Stablecoins for Global Payouts

by admin September 30, 2025



Visa has launched a pilot allowing banks and financial institutions to pre-fund cross-border payments using stablecoins.

Announced at SIBOS 2025, the Visa Direct stablecoin pilot enables select partners to use Circle’s USDC (USDC) and EURC (EURC) as pre-funded assets to facilitate near-instant payouts, according to a Tuesday announcement.

“Cross-border payments have been stuck in outdated systems for far too long,” said Chris Newkirk, president of commercial and money movement solutions at Visa.

The goal is to reduce the need for capital to be parked in advance and modernize treasury operations. “Visa Direct’s new stablecoins integration lays the groundwork for money to move instantly across the world, giving businesses more choice in how they pay,” Newkirk added.

Stablecoin market cap stands at over $307 billion. Source: CoinMarketCap

Related: Colombians can soon save in stablecoins with new MoneyGram app

Visa pilot lets banks use stablecoins for global payouts

The pilot is designed for banks, remittance services and financial institutions seeking to optimize liquidity. Instead of tying up fiat currencies across multiple corridors, participants can fund Visa Direct with stablecoins, which Visa treats as cash equivalents for the purpose of initiating payouts.

Stablecoin pre-funding is expected to unlock working capital, reduce exposure to currency volatility and improve predictability in treasury flows, especially during off-hours or weekends when traditional systems are inactive.

Visa says it has settled over $225 million in stablecoin volume to date, though that remains a small fraction of its $16 trillion in annual payments. The pilot is currently limited to partners that meet Visa’s internal criteria, with plans for a broader rollout in 2026.

Cointelegraph reached out to Visa for comment, but had not received a response by publication.

Related: SWIFT declares second sandbox connector tests a success for CBDC and more

Swift to build blockchain for cross-border settlements

Visa’s move to use stablecoins for cross-border payments came a day after Swift announced it was collaborating with Ethereum developer Consensys and over 30 financial institutions to build a blockchain-based settlement platform aimed at enabling 24/7 real-time cross-border payments.

Crypto payment firms have also seen growing attraction. Last week, stablecoin payments startup RedotPay reached unicorn status after raising $47 million in a strategic round led by Coinbase Ventures, with support from Galaxy Ventures and Vertex Ventures.

During the same week, stablecoin infrastructure startup Bastion raised $14.6 million in a round led by Coinbase Ventures, with backing from Sony, Samsung Next, Andreessen Horowitz and Hashed.

Magazine: Bitcoin mining industry ‘going to be dead in 2 years’ — Bit Digital CEO



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September 30, 2025 0 comments
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Investors favor this new coin under $1 and another coin under $4 over a leading token
GameFi Guides

Fold teams up with Visa, Stripe for Bitcoin rewards card

by admin September 23, 2025



Fold just made earning Bitcoin as easy as swiping a card—no hoops, no juggling tokens, just real BTC with every purchase.

Summary

  • Fold launched a Bitcoin rewards credit card backed by Visa and Stripe, offering up to 3.5% back in BTC.
  • Cardholders can also earn up to 10% back at major retailers, expanding Fold’s $83 million Bitcoin rewards ecosystem.
  • The product removes staking and category restrictions, positioning Bitcoin as a mainstream loyalty currency.

The company is expanding its ecosystem, having already distributed over $83 million in bitcoin rewards to users. Supported by Stripe’s issuing rails and Visa’s network, the new card seeks to deliver rewards in BTC instead of traditional perks, signaling a push to make crypto a mainstream loyalty currency.

In an announcement on Sept. 23, Fold said the card is designed to offer up to 3.5% back in Bitcoin (BTC) on all purchases, bypassing the category rotations and complex loyalty points typically associated with traditional rewards cards.

Fold CEO Will Reeves emphasized the product’s simplicity, stating it requires “no tokens to stake, no exchange account or balance requirements; just real Bitcoin, earned automatically with every purchase.”

“Our credit card offers clear and compelling value and makes bitcoin easily accessible to everyone,” Reeves said. “It’s simple enough for someone new to bitcoin, but built with the transparency and control early adopters expect. This is the kind of financial tool we’ve always believed bitcoin could power, and with Stripe’s infrastructure and Visa’s global reach, we can finally deliver it at scale.”

A closer look at Fold’s BTC rewards

Cardholders will earn an unlimited 2% back in Bitcoin instantly on every purchase. This base rate can be boosted to 3.5% for users who pay their card balance using a Fold Checking Account with qualified activity, creating an incentive to operate within Fold’s broader financial ecosystem.

Beyond these flat rates, the card taps into Fold’s existing rewards network, offering up to 10% back at hundreds of major merchants. This network includes everyday spending destinations such as Amazon, Target, Home Depot, Uber, Starbucks, and DoorDash, positioning the card to capture a significant portion of typical consumer expenditure.

The new credit card represents a strategic expansion for Fold, which has already established a considerable footprint in the bitcoin rewards space. In the statement, the company claimed it has processed over $3.1 billion in transaction volume to date and has distributed more than $83 million in Bitcoin rewards to users through its existing products.

These include a Bitcoin debit card, an exchange, and gift cards. As the first publicly traded bitcoin financial services company, Fold also notably holds nearly 1,500 BTC in its corporate treasury, aligning its financial strategy directly with the success of its products and the adoption of Bitcoin.

The launch also highlights the growing role of payment processors in integrating digital assets. Stripe has been steadily re-entering the cryptocurrency market this year, launching its Tempo blockchain project in partnership with Paradigm and enabling USDC acceptance for Shopify merchants in collaboration with Coinbase.

Visa, meanwhile, has leaned into crypto-linked card programs and expanded its stablecoin settlement operations, which now handle an estimated $1 billion in annualized volume.



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September 23, 2025 0 comments
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Decrypt logo
NFT Gaming

Stripe and Paradigm Reveal Tempo Blockchain, Built With Help From OpenAI and Visa

by admin September 4, 2025



In brief

  • Stripe and Paradigm are building a layer-1 blockchain built specifically for stablecoins and payments.
  • Tempo is being built with major design partners like OpenAI, Shopify, and Visa.
  • The blockchain will allow transaction fee payments in any stablecoin and have advanced privacy features.

Tempo, a layer-1 blockchain built specifically for stablecoins and payments, was announced on Thursday by a pair of prominent partners—fintech giant Stripe and crypto venture capital firm Paradigm.

The Ethereum Virtual Machine-compatible blockchain is receiving early design input from major global firms like OpenAI, Visa, and Shopify, as it builds its network with “high-throughput, low-cost global transactions for any business use case.”

Plans for the network were first reported by Fortune in August, following a mention of the chain in a job listing.



“As stablecoins go mainstream, there’s a growing need for optimized infrastructure. Much of today’s crypto stack either explicitly or implicitly caters to trading (a highly valuable use case in its own right) but is comparatively underoptimized for payments,” wrote Matt Huang, Paradigm’s founder and the lead at Tempo. 

In addition to low fees and its payments-centric experience, the network expects to enable more than 100,000 transactions per second (TPS) with privacy features that will allow users to keep some transaction details hidden. It will also make use of an automated market maker (AMM) that allows transaction fees to be paid via any stablecoin.

Thrilled to team up with @Tempo as a design partner to see what’s possible with a payments-first blockchain. The pace of crypto innovation is incredible at this time, and we’re ready to learn and build alongside them. https://t.co/1LmfXeDZxI

— Andy Fang (@andyfang) September 4, 2025

“Tempo eases the path to bringing real-world flows on-chain,” Huang posted on X, highlighting Tempo’s potential for onboarding global payrolls, remittances, microtransactions, and agentic payments to blockchain. 

The network is currently in private testnet, as the team experiments with use cases like e-commerce and cross-boarder payments with its global partners, according to its website. 

Some of its design partners are also acting as validators for the network, but Tempo will eventually transition to an open, permissionless network. In other words, anyone will be able to participate in network validation in the future. 

“At Stripe, we care about high-throughput, low-latency payments use cases,” wrote Stripe CEO Patrick Collison. “As the use of stablecoins (and crypto more broadly) grows across Stripe, Bridge, and Privy, we found that existing blockchains are not optimized for them.” 

Stripe’s incubation of Tempo will rival layer-1 network plans from Google and Circle, as crypto becomes increasingly intertwined with traditional finance. 

The payments giant acquired crypto wallet infrastructure firm Privy in June, less than one year after spending $1.1 billion to snatch up stablecoin payment platform, Bridge.

Tempo wasn’t the only stablecoin network announcement on Thursday, either. Crypto infrastructure firm Fireblocks also launched its Fireblocks Network, which is supported by USDC issuer Circle and more than 40 other providers.

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September 4, 2025 0 comments
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NFT Gaming

Fintech Rain Raises $58 Million to Fuel Stablecoin Push on Visa Network

by admin August 30, 2025



In brief

  • Stablecoin fintech Rain has raised $58 million.
  • The Visa-backed company, which issues cards, has raised a total of $88.5 million from big backers like Sapphire Ventures, Dragonfly, Galaxy Ventures, and Samsung Next.
  • Stablecoins are a hot topic since President Donald Trump signed the GENIUS Act.

Stablecoin-backed card company Rain, which partnered with Visa this year, has raised $58 million as part of a series B funding round, the company said in an announcement Thursday. 

The raise brings the company’s total funding to $88.5 million. Rain, which closed its A round five months ago, said the money would be used to grow the firm’s platform and “give global institutions the most flexible, modular, and compliant stablecoin infrastructure available.”

Venture capital firm Sapphire Ventures led the funding round, with Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest also contributing. 



“Stablecoins are shifting to the backbone of global commerce,” Rain CEO and co-founder Farooq Malik said. “In its earliest form, money moved instantly. We’ve spent centuries slowing it down.”

Rain this year partnered with Visa to push ahead with its stablecoin-linked cards. 

In the release, Rain said that is intent on making stablecoins “instantly usable anywhere Visa is accepted through its physical and virtual card programs, processing millions of transactions across 150+ countries.”

The company said that it had grown transaction volume by tenfold this year with such portfolio partners as Nuvei, Avalanche, Dakota, and Nomad using Rain infrastructure for merchant payouts, everyday consumer purchases, B2B spend, and cross-border payroll.

Visa has been making major inroads into the crypto space, particularly with stablecoins. In April, it partnered with Bridge, a unit of payment services provider Stripe, to offer stablecoin-linked debit cards in Latin American countries. In 2021, it announced that it supported USDC on Ethereum.

Stablecoins are digital tokens running on blockchains that are pegged to non-volatile assets, usually dollars. With a stable value, such cryptocurrencies were previously used by traders to enter and exit digital asset trades without the need for banks.

But now, banks, major companies, including Meta and Amazon, and even U.S. states are all interested in issuing the tokens, which are supposed to accelerate payments leveraging blockchain technology. 

U.S. President Donald Trump in July signed the GENIUS Act into law, establishing a framework for issuing and trading stablecoins in the U.S.

“Stablecoins have scaled to hundreds of billions in circulation, but until now, they couldn’t be easily spent,” said Sapphire Ventures President Jai Das, who will join Rain’s board. “Rain is working to fix that by connecting stablecoins to Visa’s global network, turning them into money you can actually use for everyday commerce.”

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