{"id":42973,"date":"2025-08-19T15:18:47","date_gmt":"2025-08-19T15:18:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42973"},"modified":"2025-08-19T15:18:47","modified_gmt":"2025-08-19T15:18:47","slug":"sofi-taps-bitcoin-lightning-network-for-global-remittances-with-lightspark","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42973","title":{"rendered":"SoFi Taps Bitcoin Lightning Network for Global Remittances With Lightspark"},"content":{"rendered":"<div>\n<p>SoFi Technologies (SOFI) will soon allow remittance payments on top of the Bitcoin layer-2 Lightning Network through a partnership with Lightspark, aiming to bring real-time international money transfers to its members.<\/p>\n<p>The San Francisco-based fintech firm will integrate Lightspark\u2019s Universal Money Address (UMA), which runs on Bitcoin\u2019s Lightning Network, to facilitate near-instant cross-border payments, <a href=\"https:\/\/investors.sofi.com\/news\/news-details\/2025\/SoFi-Partners-with-Lightspark-to-Power-Blockchain-Enabled-International-Money-Transfers\/default.aspx\">SoFi announced on Tuesday<\/a>.<\/p>\n<p>Lightning is a layer-2 network designed to help fulfill Bitcoin&#8217;s original vision of becoming global, peer-to-peer digital cash. By creating a network of off-chain payment channels, it circumvents the slow transaction times and high fees of the main Bitcoin blockchain, enabling instant, high-volume micropayments. This scalability layer could transform Bitcoin into a practical medium for everyday transactions, making it a viable alternative to traditional payment systems.<\/p>\n<p>SoFi&#8217;s remittance product, which is expected to roll out later this year, will allow users to send U.S. dollars through the SoFi app, with recipients receiving local currency deposits abroad.<\/p>\n<p>Lightspark\u2019s UMA provides access to a global payment rail designed for speed and scale. Transfers will display upfront exchange rates and fees, addressing longstanding pain points in traditional remittance services, SoFi said in Tuesday&#8217;s announcement.<\/p>\n<p>The launch follows SoFi\u2019s reentry into crypto, after halting services in 2023 during its transition to a national bank. Earlier this year, it revealed plans to <a href=\"https:\/\/www.coindesk.com\/business\/2025\/06\/25\/sofi-to-launch-blockchain-remittances-with-stablecoins-as-crypto-returns-to-platform\">offer international remittances through blockchain and stablecoins<\/a> and allow users to invest in crypto.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SoFi Technologies (SOFI) will soon allow remittance payments on top of the Bitcoin layer-2 Lightning Network through a partnership with Lightspark, aiming to bring real-time international money transfers to its members. The San Francisco-based fintech firm will integrate Lightspark\u2019s Universal Money Address (UMA), which runs on Bitcoin\u2019s Lightning Network, to facilitate near-instant cross-border payments, SoFi [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-42973","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42973"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42973\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}