SoFi Technologies Integrates Bitcoin Lightning Network and UMA for Cross-Border Payments

SoFi Technologies has made a significant move in the world of international finance by integrating the Bitcoin Lightning Network and Universal Money Addresses (UMA). This innovative integration makes SoFi the first U.S. bank to offer such functionality, leading to faster, more affordable international transfers. 🤝 Partnering with Lightspark for USD-to-Bitcoin conversions, this move promises a substantial impact on remittance costs through lower fees and quicker settlements.