The fintech SoFi announced its return to the crypto ecosystem with a new international remittance service in partnership with Lightspark.
🌍 The service, which begins in Mexico, allows users to:
1️⃣ Convert USD to Bitcoin in the app.
2️⃣ Transfer funds through the blockchain.
3️⃣ Receive them in local currency, deposited directly into the recipient's bank account.
📊 With this move, SoFi aims to leverage the potential of crypto to reduce costs, speed up transfers, and provide greater transparency to remittances, a multi-billion dollar market in constant growth.
✅ Key points of the news:
SoFi partners with Lightspark to offer blockchain remittances.
Mexico is the first country where the service is implemented.
Direct conversion: USD → BTC → local currency.
🚀 Reflection
Blockchain remittances represent one of the most practical and revolutionary uses of cryptocurrencies. With initiatives like SoFi's, the traditional financial sector is forced to adapt to the future of money.
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