Overview

• SoFi will integrate Lightspark’s Universal Money Address to route cross-border payments over the Bitcoin Lightning Network.
• Transfers convert U.S. dollars to bitcoin in real time, then deliver funds as local currency to recipients abroad.
• Users will see upfront exchange rates and total fees, with costs targeted below the current U.S. average.
• The feature will run 24/7 inside the SoFi app without requiring external services and will expand in phases to more countries.
• The launch follows SoFi’s 2023 crypto pause and positions the bank among the first in the U.S. to use Lightning for consumer remittances.