SoFi Technologies will enable remittance payments using the Bitcoin Lightning Network in partnership with Lightspark. This service aims to provide SoFi members with efficient international money transfers, capitalizing on the Lightning Network’s capabilities.
The new remittance product will allow users to send U.S. Dollars via the SoFi app, where recipients will receive local currency abroad. This service aims to enhance transparency regarding exchange rates and reduce traditional remittance issues.
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