🔥 Breaking News: SoFi partners with Lightspark to become the first American bank to use the Lightning Network for transfers!
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📢 What's new?
* SoFi Technologies announced a partnership with Lightspark, an infrastructure company for the Lightning Network.
* The goal is to provide international money transfer services using the Bitcoin Lightning Network.
* SoFi becomes the first American bank to use this technology for financial transfers.
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💡 Why is this important?
* This service will enable SoFi users to send money internationally at low cost and high speed.
* The service converts dollars to Bitcoin in the background, then sends it over the Lightning Network to be converted to the currency of the receiving country.
* This step enhances Bitcoin's position as a practical payment tool, not just an investment asset.
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📈 Future outlook:
* This partnership indicates that traditional banks are beginning to integrate blockchain technology into their core services.
* This move could radically change the international money transfer market and encourage more banks to adopt the same approach.
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❓ Do you think this collaboration will accelerate the adoption of the Lightning Network in global financial systems?
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