What to know:
- SoFi’s setting up remittance payments on Bitcoin Lightning. Like sending cash by cattle drive, except shockingly modern.
- Coming sooner than a rain in Central California, you’ll be able to send dollars through the SoFi app, and your dear relatives across the sea will find a local currency deposit waiting-a bit like Christmas morning, but with fewer oranges.
- This all comes after SoFi dusted off its boots and wandered back into crypto, having left the dance floor for a spell in 2023 while cozying up to its new bank status.
In the valleys, where the fog recedes and dreams drift like tumbleweeds, SoFi Technologies convinced itself that global remittances could ride the thunder of Bitcoin’s Lightning Network. SoFi-San Francisco’s answer to ‘How do I send cash and not lose my hat?’-has hitched up with Lightspark, promising to bring members money, movement and maybe a little hope, all at lightning speed. ⚡
The county folk working at SoFi will bolt Lightspark’s Universal Money Address (UMA) onto the Lightning rails. In theory, this gets money clicking across the world faster than Old Tom figuring out a loophole in prohibition. SoFi claims members can send dollars with nothing but the app, and recipients-whether in bustling cities or faraway dusty towns-find their local currency waiting. No waiting for telegram boys or counting coins by candlelight. ✉️💸
Lightning-the name itself like a promise and a threat-skips over Bitcoin’s old, lumbering blockchain, letting transactions zip through back channels where fees don’t gobble up half a paycheck. For the average soul, Lightning could make Bitcoin less ‘an idea for a tent revival meeting’ and more like ‘real cash on the barrelhead.’
SoFi says you’ll see upfront exchange rates and fees. None of this ‘surprise at the bottom of the whiskey bottle’ stuff. They claim to be fixing all the headaches of traditional remittances-assuming everyone’s headache isn’t just that their cousin spends too much on imported cheese. 🧀
After SoFi hung up its crypto spurs in 2023, getting all gussied up as a national bank, it’s back pushing blockchain, stablecoins, and the chance for ordinary folks to dabble in crypto-because what’s modern fintech for, if not to give everyone one more thing to worry about around the campfire?
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2025-08-19 17:56