SoFi Revolutionizes Remittances with Lightning Network and UMA Integration

US-based financial institution, SoFi, is pioneering a groundbreaking shift in global money transfers by integrating Bitcoin’s Lightning Network and Universal Money Address (UMA). This innovative alliance with Lightspark marks the first of its kind for US banks. The move aims to disrupt the multi-trillion dollar remittance industry, enabling faster and cheaper cross-border payments starting later this year in Mexico.