SoFi Technologies to Launch Bitcoin Lightning Transfers

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SoFi Technologies to Launch Bitcoin Lightning Transfers, Mexico First in Line

Written by Aaron S.,

Editor-In-Chief

Last Updated: August 20, 2025

Key Takeaways

SoFi Technologies will launch a Bitcoin Lightning and UMA-powered transfer service this year, with Mexico as the first market;
Payments move from dollars to Bitcoin, across Bitcoin Lightning, and arrive in local currency in recipient bank accounts;
The service offers lower-than-average fees, transparent pricing, and 24/7 access for SoFi’s 11.7 million members.

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SoFi Technologies to Launch Bitcoin Lightning Transfers, Mexico First in Line

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SoFi Technologies is preparing to launch an international money transfer service that will run on the Bitcoin Lightning Network and Universal Money Address (UMA).

According to an announcement released on August 19, the rollout is scheduled for later this year, with Mexico as the first market.

Instead of relying on traditional remittance systems, SoFi will let members send funds straight from its mobile app.

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Payments will begin in US dollars, switch to Bitcoin BTC $87,345.72 , and move across the Bitcoin Lightning Network. Once received, the money will arrive in the recipient’s bank account in local currency.

UMA simplifies the process by replacing long crypto addresses with short, email-like identifiers. The system is developed by Lightspark, a payments company founded in 2022 by former PayPal president David Marcus.

In a post on X, SoFi CEO Anthony Noto stated that giving members a faster and more affordable way to send money abroad can improve their daily finances.

The company confirmed that fees will be lower than the national average, with clear exchange rates and charges shown before any payment is made.

Transfers will be available around the clock and open to all 11.7 million SoFi members. This could be particularly useful for people who send money home to family in different time zones or outside normal banking hours.

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