CryptoMediaClub
Monday, October 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Lightning Network to Simplify International Money Transfers from U.S. to Mexico

20.08.2025
A A
0
118
VIEWS
ShareShare

FinTech company SoFi Technologies announced the upcoming launch of international money transfers via the Lightning Network and the Lightspark blockchain solution. The pilot corridor will be from the United States to Mexico.

Lightning Network to Simplify International Money Transfers from U.S. to Mexico

SoFi Technologies, a popular American FinTech company offering a wide range of financial services including asset management and digital banking, revealed plans to integrate the Lightning Network technology into its product lineup.

Specifically, the SoFi Checking & Savings app will integrate the Lightspark blockchain solution. The initiative will enable SoFi users to send cross-border transfers 24/7. The transfer model involves automatically converting the sender’s U.S. dollars into BTC, routing them through the Lightning Network, and instantly exchanging them into the recipient’s local currency. Conversion will happen in real time, with users able to view exchange rates and fees before confirming the transaction. Funds will arrive in the recipient’s bank account almost instantly.

The technical foundation of the project is the Universal Money Address (UMA), an infrastructure solution developed by Lightspark on top of the Lightning Network. UMA is essentially a “money address” standard, similar to how email works with simple and unique addresses. With UMA, funds can be sent abroad by knowing only the recipient’s address, making transfers as simple as sending an email.

The service will be available to 11.7 million SoFi Bank customers. The company claims fees will be below the U.S. average and transactions will remain fully transparent.

SoFi CEO Anthony Noto emphasized that the ability to send fast and low-cost transfers will significantly improve customers’ financial lives. Lightspark Co-Founder David Marcus noted that strong interest is already reflected in the high number of waitlist sign-ups.

The service will first launch in Mexico, one of the top destinations for remittances from the U.S., with annual cross-border flows exceeding $60 billion. SoFi plans to test the technology in this corridor before rapidly expanding it to other countries.

The Lightning Network is increasingly being used by payment providers for international transfers. For instance, Revolut recently enabled the Lightning Network support for users in the U.K. and select EU countries, while Nubank rolled out access to the Lightning Network for users in Latin America.

Сообщение Lightning Network to Simplify International Money Transfers from U.S. to Mexico появились сначала на CoinsPaid Media.

Share9Tweet6ShareSharePin2

Related Posts

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull
All news

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull

27.10.2025
0

Sharplink Gaming added 19,271 Ether worth about $80.37m to its strategic reserve on Monday, ending a month of quiet accumulation...

Read moreDetails
Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

27.10.2025
Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

27.10.2025
Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
Load More
Next Post
Bitcoin leads $2.8 billion profit wave amid market contraction concerns, Glassnode data shows

Bitcoin leads $2.8 billion profit wave amid market contraction concerns, Glassnode data shows

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Nasdaq Drops Crypto Custody Plans Amid Regulatory Uncertainty

Nasdaq Drops Crypto Custody Plans Amid Regulatory Uncertainty

2 years ago
OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull

OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull

2 years ago
Jag Singh, CEO of re.al, on 10x Better User Experience with RWA Tokenization and Buying a Property in 15 Seconds | Ep. 365

Jag Singh, CEO of re.al, on 10x Better User Experience with RWA Tokenization and Buying a Property in 15 Seconds | Ep. 365

1 year ago
Russia to Ban Mining Activity in 10 Regions From Jan 2025: Report

Russia to Ban Mining Activity in 10 Regions From Jan 2025: Report

10 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

Trending

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull
All news

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull

27.10.2025
0

Sharplink Gaming added 19,271 Ether worth about $80.37m to its strategic reserve on Monday, ending a month...

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

27.10.2025
Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

27.10.2025
Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz