Jonathan Ernst/Reuters via CNN Newsource

(CNN) — President Donald Trump on Wednesday officially launched his “gold card” visa , a new immigration pathway that will allow foreigners to pay $1 million to expedite their visa application, or have companies pay $2 million to sponsor a foreign worker they want to bring into the US.

“Very excitingly, for me and for the country, we’ve just launched the ‘Trump Gold Card,’” the president said at a White House roundtable event.

The visa website, trumpcard.gov , launched Wednesday afternoon and includes a link of the official application, promising “U.S. residency in record time.”

“For a $15,000 DHS processing fee and, after background approval, a contribution of $1 million, receive U.S. residency in record time with the Trump Gold Card,” the

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