SoFi Technologies, Inc. (NASDAQ:SOFI) partners with Lightspark to launch a blockchain-enabled international money transfer service through the SoFi app, aiming to lower fees and enable faster delivery of remittances. The system leverages Lightspark’s technology to enhance conversion of US dollars into Bitcoin for cross-border transactions and instant currency conversion.

SoFi CEO Anthony Noto highlights the significance of the new money transfer service, emphasizing the convenience and meaningful improvement it brings to members sending money internationally. The system is designed to provide quick, low-cost transfers, benefiting those who regularly send money to loved ones abroad.

SoFi Technologies, Inc. (NASDAQ:SOFI) offers a range of financial products, focusing on individuals with good credit. It operates through segments like Lending, Financial Services, and Technology Platform, providing a comprehensive financial ecosystem for consumers. The company’s partnership with Lightspark aims to position it as a leader in blockchain-powered remittances in the US.

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Read more at Yahoo Finance: SoFi Technologies (SOFI) Partners with Lightspark to Enable Money Transfer on Blockchain