
SoFi Technologies (SOFI) had good news for investors yesterday. The fast-growing fintech announced that it was getting into the international money transfer business by the end of 2025.
SoFi members will be able to send funds abroad through the SoFi app. Partnering with Lightspark, an enterprise infrastructure provider that utilizes the Bitcoin Lightning Network, to send and receive money. SoFi believes it is one of the first U.S. banks to offer a blockchain-powered remittances service.