Bitcoin News Today: SoFi Integrates Bitcoin Lightning for Low-Cost Global Transfers

SoFi, a U.S.-based digital financial services provider, has partnered with Lightspark, a Bitcoin Lightning Network infrastructure firm, to offer real-time, low-cost international money transfers directly within the SoFi app. The collaboration leverages Lightspark’s Universal Money Address (UMA) technology, enabling users to send funds across borders using the Bitcoin Lightning Network. This integration aims to make cross-border transactions faster, cheaper, and more efficient compared to traditional remittance services [1].

Through the UMA system, U.S. dollars are converted into Bitcoin in real time, routed via the Lightning Network, and then instantly converted back into local currency for the recipient’s bank account. This eliminates the need for intermediaries, reducing both processing times and fees. The service will initially launch in Mexico, with more countries expected to follow shortly [2].

According to SoFi CEO Anthony Noto, this feature is especially meaningful for users who regularly send money abroad to family and friends. “For many SoFi members, the ability to quickly transfer money at low cost isn’t just a convenience—it’s a meaningful improvement to their everyday financial lives,” Noto said. He added that integrating blockchain technology into the SoFi app enhances accessibility and financial inclusion [3].

Lightspark CEO David Marcus emphasized that the UMA system delivers fast, secure, and affordable cross-border payments using the only open global payment network: Bitcoin. “UMA on SoFi means customers can move dollars instantly, any time, globally,” Marcus said [4].

The new international money transfer service will be available 24/7 via the SoFi app, with transparent exchange rates and fees displayed upfront. SoFi claims its total cost for international transfers will be below the current national average, positioning it as one of the lowest-cost platforms for such services. The feature will integrate with SoFi Checking & Savings, offered through SoFi Bank, N.A., an FDIC-insured institution. SoFi members can join a waitlist to access the service later this year [5].

This partnership marks a significant milestone for SoFi, as it becomes one of the first U.S. banks to deploy blockchain-based remittance services for its customers. It also reflects growing interest in blockchain infrastructure among digital banks seeking to reduce reliance on traditional payment gateways [6].

The initiative highlights the increasing role of blockchain technology in mainstream finance, particularly in addressing inefficiencies in cross-border payments. SoFi’s adoption of UMA technology, in partnership with Lightspark, signals broader industry acceptance of decentralized solutions. As more financial institutions explore blockchain-based payment systems, the landscape for international money transfers is likely to shift toward faster and more affordable options.

Source: [1] Bitcoin Lightning News: SoFi Partners With Lightspark for ... (https://www.coindesk.com/business/2025/08/19/sofi-taps-bitcoin-lightning-network-for-global-remittances-with-lightspark)

[2] SoFi Partners with Lightspark to Power Blockchain ... (https://www.nasdaq.com/press-release/sofi-partners-lightspark-power-blockchain-enabled-international-money-transfers-2025)

[6] SoFi Technologies (SOFI) Stock: Slips as It Unveils Bitcoin ... (https://coincentral.com/sofi-technologies-sofi-stock-slips-as-it-unveils-bitcoin-backed-global-payments-via-lightspark/)