First US Bank merges the lightning network star-news.press/wp

Sofi will launch a bitcoin money-running service within its application for consumers, which has become the CEO of Lightspark David Marcus- “The first American bank to use Bitcoin and Universal Money (UMA) to provide 24/7, real global payments, and cheap global payments.” Integration uses the Lightning Bitcoin network as border settlement lines and will appear for the first time later this year, with Mexico as a first corridor.

The first American bank connected to Bitcoin lightning

There advertisement On August 19, Sophie said that the members will be able to send money abroad directly from the Sofi application “with the fastest fees and delivery compared to traditional transfer service providers.” Technically, dollars are transferred to bitcoin in an actual time, directing them on lightning, and it is resumed immediately on the other side to the local currency that falls into the receiving bank account-with users who need a third party application. Sofi added that the total costs will be “less than the current national average”, with the display of exchange rates and fees at the forefront. The feature will be available through Sofi Checking & Savings, provided by Sofi Bank, NA, FDIC, with already open waiting menu.

“Sofi is one of the most innovative and forward financial platforms in the United States today,” Marcus of Lightspark said in the statement. “UMA digital banks embrace it because they are fast, cheap and safe, and the only open network of payments use, Bitcoin.” Anthony Noto, CEO of Sofi, framing this step in daily interest: “For many members of Sofi who regularly send money to their loved ones at the international level, the ability to transfer money quickly at a low cost is not just a comfort, it is a useful improvement in their daily financial lives.”

Marcus exaggerated the launch on X, describing it as a “very important teacher”, and emphasizes the brief logical basis of banks: “Bitcoin’s neutrality, openness, and decentralization makes it a very convincing option for banks, where the open network of old correspondence is controlled. In a separate post, observers urged” to really digest the importance of major banks in the United States, Latin America and Europe – Each place – using Bitcoin as a neutral TCP/IP package for money. “

Sofi is placed within a broader shift by large consumer platforms towards lightning -based settlement. Lightspark previously revealed partnerships aimed at bringing Lightning and UMA to the UK, EA and Nubank in Brazil, one of the largest digital banks in the world, indicating the construction of a multi -regions of the “open money network”. On this background, the Sofi’s US Sofi Code makes this width noticeable in the regulatory banking context.

Whether Sofi is the first American bank to merge lightning may depend on definitions and scope. The press statement of Lightspark Sofi describes as “one of the first American banks to offer a Blockchain transfers”, while Marcus’s publications are distinguished as the first American bank to use Bitcoin and UMA to always provide inexpensive global payments.

What is unexpected is architecture: Oma is taken at the front end, lightning for cross-border guidance, FIAT and FIAT-with SOFI aimed at the costs of low transfers from the average and the availability of around the clock within the prevailing banking application.

At the time of the press, BTC was traded at $ 113,627.

Distinctive image created with Dall.e, Chart from TradingView.com

Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.