#SoFi Becomes First U.S. Bank To Launch $BTC Lightning Payments


SoFi Technologies is set to become the first U.S. bank to integrate $BTC Lightning Network for international transfers through a partnership with Lightspark. The service launches later this year, starting with Mexico remittances for SoFi's 11.7 million members.


The solution converts USD to $BTC in real-time, routes funds via Lightning Network, then delivers to recipients' local bank accounts in their native currency. SoFi targets the $740.5 billion global remittance market with costs "below the current national average."


Lightspark's Universal Money Address enables email-like transfers while leveraging Bitcoin infrastructure. The company, founded by former #PayPal president David Marcus, already powers 15% of Coinbase's $BTC transactions through #Lightning rails.


The 24/7 service offers full fee transparency before transactions. While Brazilian neobank Nubank partnered with Lightspark in June 2024 for 100 million customers, their $BTC payments haven't launched yet, making SoFi the first operational #fintech bank deployment.

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August 20, 2025 at 1:07 PM
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