Digital Bank Sofi Technologies are set to be the first US bank to use the Bitcoin network and universal money address – allowing Americans, Mexicans, and others to send money through the Lightning Network.
Sofi cooperated with Bitcoin (Btc) Payments Infrastructure Lightspark to launch Blockchain-Powered International Money Transfer Service, which will live later this year, beginning in Mexico, Sofi Says In an announcement last Tuesday.
“For many SOFI members who regularly send money to loved ones around the world, the ability to quickly transfer money at low cost is not just a comfort, it is a significant improvement in their sun -day -to -day life Says In X.
According to Uto, users can send money around the world directly from the SOFI app. It competes in a tight global remittance market, which is appreciated around $ 740.5 Billion in 2024.
Sofi + Lightspark = instant global payment. 🌍⚡
Send money abroad in seconds, right from @Sofi App, encouraged by UMA.
Closely for 🇺🇸 → 🇲🇽 with more countries to follow.
The future of global payment is here: https://t.co/mxaa5o9k2z pic.twitter.com/gfvq4khoxf
– Lightspark (@lightspark) August 19, 2025
Sofi announces how the solution will work with Bitcoin Uma
New, Powered International Money Transfer Service will allow customers to convert US dollar in bitcoin To real-time and route the funds across the border by Bitcoin Lightning Network, where funds are delivered directly to the recipient’s bank account of their country’s money.
LightSpark Uma allows users to transfer money with an email -like email while using Bitcoin lightning. The firm was established in 2022’s David Marcus, The former president of Paypal.
Sofi said the costs will be “below the current national average” and exchange and charge rates will be displayed to members before pressing shipping to “ensure full transparency.”
The service will be available at all times of the day, day -day, for 11.7 million members of the SOFI.
Coinbase combined LightSpark’s Bitcoin Infrastructure last year
It came a year after Coinbase Roll support For Lightspark’s Bitcoin Lightning Solution to enable instant, cheap shifts in April 2024.
It has seen strong adoption in entire 12 months, with 15% of Bitcoin transactions on Coinbase moving on lightning railroads by Lightspark, the Bitcoin infrastructure firm Says In April this year.
Related: Thailand to launch a crypto payment sandbox for tourists
Brazilian Bank is slow to launch LightSpark bitcoin solutions
Brazilian Neobank Nubank Collaborated with Lightspark In June 2024 to offer Bitcoin lightning payments to 100 million customers in Latin America.
However, Nubank did not confirm that Bitcoin -powered payments were integrated for full use.
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